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Orange County

New Programs Aim to Streamline Short Sales

February 19, 2010

The National Association of Realtors issued a press release today detailing efforts they are taking to help make the purchase of Short Sales less frustrating and problematic.
HAFA – Home Affordable Foreclosure Alternatives
HAFA is a Federal program with takes effect in April that is designed to help homeowners complete a Short Sale of their home when [...]

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In Pictures: The Severity Of The Foreclosure Crisis Depends On Where You Live

February 15, 2010

Foreclosures stories dominate the national housing news. It seems at least one foreclosure-related story makes its way to the front page or the nightly news every week.
But for as much as the foreclosure filing statistics can be astounding — over 300,000 homes were served last month alone — the prevalence of foreclosures depends on where [...]

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Orange County Home Buyer Tax Credit Reminder

February 5, 2010

The updated and extended tax credit for first-time home buyers and current homeowners is slated to expire in less than three months.  Here’s a recap of the details:

Feature

Original Program

Extension

Deadline

Must fund by Nov. 30, 2009 (WFHM deadline was Oct. 30)

The measure is written differently so that a sales contract must be in [...]

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Previewing The New Good Faith Estimate for Orange County Real Estate

October 23, 2009

The new Good Faith Estimate makes its debut January 1, 2010.
Expanded from 1page to 3, the legislators responsible for the new Good Faith Estimate want it to be simpler for homeowners and home buyers to understand than the former version.
By most accounts, Congress will meet this goal.
The new Good Faith Estimate includes plain-English explanations of every [...]

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Orange County Real Estate – Pending Homes Sales Gain Again

October 7, 2009

Is Some Momentum Building?
Buoyed by a generous tax credit, affordable homes, and low mortgage rates, the Pending Home Sales Index posted its seventh consecutive monthly gain in August.
It’s the longest winning streak in the index’s history and the highest reading in 2-1/2 years.
It’s also another signal that the housing market is in recovery.
“Pending home sales” are [...]

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Proposed Legislation to Expand First-Time Buyer Tax Credit

September 28, 2009

Senator Johnny Isakson has introduced new legislation that would significantly expand the existing first-time home buyer tax credit. Isakson is a Republican from Georgia, but he was joined by a bi-partisan group of co-sponsors, including Senators Chris Dodd, a Democrat, and Joe Lieberman, an Independent.
Key Provisions

The maximum amount of the credit would be increased from [...]

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Seven Tips for Home Sellers

Living Room Ready for Buyers Thumbnail September 25, 2009

Whether it’s condo homes for sale in Irvine, or large equestrian estates in Coto de Caza, homes that are properly prepared by their owners have a better chance of selling quickly in the Orange County Real Estate market.
How to Make Your Home Attractive to More Orange County Buyers
The key to getting your house ready to [...]

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First Time Home Buyers in Orange County – Mortgage Protection Program

June 16, 2009

Have you heard the great news?  The California Association of Realtors (C.A.R.) has launched a free peace-of-mind program for first time home buyers – great news for first time home buyers interested in Lake Forest Real Estate, or homes throughout the county.  Through the Housing Affordability Fund Mortgage Protection Program, first-time home buyers who lose their jobs [...]

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First Time Home Buyer Tax Credit – The Inside Scoop

June 12, 2009

How Orange County Home Buyers Can Take Advantage of the First-Time Home Buyer Tax Credit

One of the most exciting provisions of the American Recovery and Reinvestment Act of 2009 for Orange County Home Buyers is the $8,000 tax credit available for first-time home buyers. Add this tax credit to the historical low home prices and [...]

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First Time Orange County Buyer Info

June 7, 2009

Thanks to Janice Eckles at MetLife Home Loans for helping to compile this information
First Time Home Buyer Tax Credit
One of the most exciting provisions of the American Recovery and Reinvestment Act of 2009 is the $8,000 tax credit available for first-time home buyers.  Combine this tax credit with the fact that home prices and interest [...]

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