Tag Archives: OC short sales

Costa Mesa CA Short Sale Properties Find Lots of Buyers

Costa Mesa CA properties continue to be in high demand for buyers. Costa Mesa now has good SHORT SALE properties listed on the MLS – with average asking price of $542,980. See East Costa Mesa short sale listings – click … Continue reading

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Important Questions for Property Owners Who Are Short Selling

Home owners who are short selling should be asked some important questions: 1.  Is your property already in active foreclosure?  Active foreclosures can be determined by search of public records. 2.  Do you have other debt?  High debt-to-income ratio will probably prevent … Continue reading

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Strategy for Your Orange County CA Real Estate Short Sale Success

Issues are sometimes overlooked and trip up short sale sellers at Orange County CA real estate. These and lender requirements for properties should be reviewed carefully at the start of the process, so short sellers don’t get surprised with negative lender response … Continue reading

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Mortgage Debt Forgiveness Tax Relief by U.S. Law Set to Expire at End of This Year 2012

U.S. law – Mortgage Forgiveness Debt Relief Act of 2007 – applies to debt forgiven in calendar years 2007 through 2012 – including possible debt forgiven through SHORT SALE process. For purposes of income tax, this law allows for exclusion of income realized as … Continue reading

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Top Short Sales at Costa Mesa CA Real Estate

  Short sale listings at Costa Mesa CA real estate show that this local market has lots of distressed homes and properties. 217 Costa Mesa homes and properties are now active listed for sale – with average list price of $535k.  71 … Continue reading

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Orange County CA Home Buying Trends ~ August 2011

  Buyer demand for Orange County CA homes is changing with the market adjusting to new normal of after government tax incentives for home buyers (tax incentives ended last year). Active listings of Orange County CA homes for sale inventory was down this … Continue reading

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Orange County CA Property Owners Should Avoid Foreclosure Through Short Sales

  Lenders/Banks are in the business of lending money and usually don’t want to own and manage residential real estate.  When a lender/bank takes a property back through foreclosure, it’s a lengthy and expensive process (banks lose money) and results in lender/bankers … Continue reading

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Deed-in-Lieu as Foreclosure Avoidance ~ Property Owners Should be Very Careful

  Owner foreclosure alternatives such as SHORT SALE with incentives are out there ~ HAFA,  California TAP, and Bank of America Cooperative.  A DEED-IN-LIEU of foreclosure is not such a good opportunity (in this writer’s opinion) for a borrower/mortgagor/homeowner to transfer all interest in … Continue reading

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