Irvine Foreclosures

Today I came across a recent study on foreclosure sales and house prices by an MIT economist and two Harvard researchers. MIT just issued a press release so the study is now making headlines. The researchers looked at 1.8 Million transactions over the last 20 years and came to the conclusion that homes sold after [...]

On average, a foreclosure reduces the value of a house by 27%, says a new paper from an economist at the Massachusetts Institute of Technology and researchers at Harvard University. In the study, which is due for publication in the American Economic Review, MIT economist Parag Pathak and Harvard researchers John Y. Campbell and Stefano [...]

If we look at SHADOW INVENTORY for Southern California we will find over 160,000 properties!  These are homes that either have a notice of default filed (missed at least 3 mortgage payments), are scheduled for auction (the next step from NOD), and are bank owned.  What incentive do you have if the value of the [...]

Home sales rise in the spring as buyers rushed to take advantage of tax credits worth as much as $8,000. To qualify, buyers had to sign purchase contracts by April 30. Newly signed contracts plunged by 30% in May from the previous month, when the tax credit expired. Sales fell in most parts of the [...]

Government-owned mortgage-finance titan Fannie Mae announced last week it would lock out borrowers from getting a new loan for seven years if they default on a mortgage they could afford to pay. The move represents the latest effort by the mortgage industry to prevent a new wave of losses that could result if more borrowers [...]

Resort like setting, Irvine Bank owned Ultra cool urban style Irvine Bank Owned condo at Avenue 1 just needs you to add your personal style. This 2nd floor 1 bedroom, 1 bath condo has a spacious living/dining room, plenty of space for all of your clothes in your walk in closet. Chill, read, or work [...]

Irvine Bank Owned, Hotel Style Living $359,000   1 bedroom 1 bath Condo located on the second floor of Avenue One.  Spacious open living room/dining area with a balcony, perfect for an added outside space.  Great kitchen with new cabinets and granite counter tops that add a rich feel to the condo!  All the amenities you [...]

Foreclosure – Beware of Scams Try and save your Irvine home! There are many reasons adding up to the list for why there are so many foreclosure happenings nowadays. Few of them being with loss of job, recession, resetting the rules and values of mortgage plan! Hence, the home owner is unable to afford the [...]

Can a loan Modification save my Irvine home? Question: Is there a new basis interest rate which mortgagees may assess when completing a Loan Modification on my Irvine home? Answer: Yes, Mortgagee Letter 2008-21 states that the new basis interest rate is 200 points above the monthly average yield on U.S. Treasury Securities, adjusted to [...]

Cozy Irvine foreclosure condo priced to sell! 1 bedroom plus 1 large loft (can be second bedroom) quiet, private location. Vaulted ceilings. Sunny patio. Walk-in closet in the bedroom. Roman tub in the bathroom. Excellent association amenities, pools, spas, basketball court and a bike path. Bank owned property. $265,000 Spacious detached Irvine Foreclosure home Detached [...]