Costa Mesa Live

Investor buyers like foreclosures  at  Orange County CA real estate - with good values, low prices, and solid rents.

Orange County like all of California has a foreclosure funnel – with some homes underwater – with others delinquent in payments, with some now in foreclosure where notice of default have been filed – and others bank owned after foreclosure.  

Investors aren't afraid of that news and are ready to buy more foreclosures at Orange County CA than the market has ready to sell.

Investor buyers see that many trustee auctions are postponed, or canceled, and that a small percentage of those are actually sold to third parties or back to the banks as REOs.

Investor buyers like to see more foreclosures at Orange County – ready to buy them all either at trustee sale auctions or on the REO market.

During February, 2012, Orange County real estate foreclosure filing numbers were down – foreclosure sales at trustee auctions strong to third parties – and buyer demand invites foreclosures to be started and completed.  

Investors bought 201 Orange County homes at trustee sale auctions during February this year, and buyers bought 342 REO homes on the open market during February.

Buyers and investors like foreclosures – good prices and value with high rents – at Orange County CA real estate.

Homes ending with foreclosure are either sold to third parties, or back to the banks as REOs, then eventually resold on the open market.

Orange County Ca real estate buyers are active and don't need government help or incentives to clear up foreclosure properties. 

If you want information about foreclosure homes at any particular city in Orange County CA – investor opportunities - contact us.

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Source of information is Foreclosureradar.com and CRMLS.  This is for information only and is not the providing of legal services.  Buying foreclosure properties in California is risky, and buyers should use experienced Realtors for these transactions.  

Posted via email from Explore OC Homes

Newport Beach had 18 new notice of default filings during February 2012 – which was down from last year – and had 20 notice of trustee sales, which was also down from last year.

Government intervention has slowed down foreclosures but failed to deal with negative equity.  "Passing laws to essentially eliminate foreclosures, as they appear to have accomplished in Nevada, and are now contemplating with similar draconian measures in California, is likely to do more harm then good. The pendulum of regulation is once again swinging too far." – Sean O'Toole – ForeclosureRadar.com.

Notice of Default filings are the first step in the California foreclosure process.  Notice of Trustee Sale filings set the date and time of an auction, and serve as the homeowner's final notice before sale.

Posted via email from Explore OC Homes

Turtle Ridge village was developed by the Irvine Company with new homes in the hills of Irvine CA built between 2004 and 2009. 

Residential Neighborhoods at Turtle Ridge Irvine are Amberhill, Arborel, Arezzo, Ashton Green, Bontanica, Chantory, Chaumont, Citrus, Fiore, La Cima, Ledges, and Whispering Glen – some of these have spectacular views toward Newport Coast and the ocean.

Turtle Ridge has 27 homes now listed for sale – with average listing price of $1,680,000.

6 of the Turtle Ridge homes listed are short sales, and none of those listed are REO bank owned -  so 22 percent of listings are distressed properties.

41 Turtle Ridge homes were sold during the past six months (from September 10, 2011, to March 10, 2012) – with average sold price of $1,277,634 - Average market time for those sold homes was 130 days.  

Turtle Ridge at Irvine listings – click here for information

Contact us here if you want information about Turtle Ridge and Irvine CA real estate. 

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Source of some information is CRMLS, does not include trustee sale auctions or new homes, and does include properties listed and sold by all brokers and agents.  

Posted via email from Explore OC Homes

Newport Coast CA property owners enjoy open spaces, luxury living, and their private real estate values. 

Orange County coastal properties

Panoramic views

Elegant residential living

Serenity

Fascinating architectural designs

Private locations  

Northern Italian and European style estates

Whitewater sounds

Crystal Cove – see listings

Ocean breezes 

Walking and hiking trails 

Pelican Hill –  see listings

Pelican Hill golf course

Landscapes and gardens with grandeur

Newport Ridge Estates – see listings 

Magnificent landscapes and gardens  

Pelican Point estates –  see listings

Contact us if you want more information about Newport Coast – at Orange County CA – property selling and lease information 

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Posted via email from Explore OC Homes

Newport Coast CA property owners enjoy open spaces, luxury living, and their private real estate values. 

Orange County coastal properties

Panoramic views

Elegant residential living

Serenity

Fascinating architectural designs

Private locations  

Northern Italian and European style estates

Whitewater sounds

Crystal Cove – see listings

Ocean breezes 

Walking and hiking trails 

Pelican Hill –  see listings

Pelican Hill golf course

Landscapes and gardens with grandeur

Newport Ridge Estates – see listings 

Magnificent landscapes and gardens  

Pelican Point estates –  see listings

Contact us if you want more information about Newport Coast – at Orange County CA – property selling and lease information 

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Posted via email from Explore OC Homes