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Orange County Bank Owned Homes

Orange County Housing Report: Back to School Report Card

September 15, 2010
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Here’s the latest Orange County Housing Report from Steven Thomas, President of Altera Real Estate.
Since it is back to school for the youngsters, it is time to update Orange County’s housing report card.
Housing Demand:  C
After starting off the year with decent demand, we quickly realized that it was artificially high due to the Federal first [...]

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Mission Viejo REO – Hurry Before it Hits the Market!

August 17, 2010

Mission Viejo home buyers – check out this new REO listing before it hits the open market! 

This could be the Mission Viejo home you’ve been searching for.  Almost 1500 square feet and detached, all three bedrooms are upstairs.  The master has a walk-in closet while the two additional bedrooms have a Jack and Jill bathroom, [...]

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Orange County Housing Report: A Spring Pause?

June 13, 2010

Could it be graduations, the end of the tax credit, Europe’s influence, a temporary housing lull? Only time will tell, but the Orange County housing market has gone over a speed bump and has slowed considerably.
Housing Demand
Over the past month, housing demand has dropped by 17%.

Demand, the number of new pending sales over the prior [...]

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$30k Price Reduction on Foreclosure Home in Fullerton

May 7, 2010

This super-clean home on the Coyote Hills Golf Course in the gate-guarded Pinehurst Greens neighborhood has been on the market almost 4 weeks, and the bank says, “Sell it now!”
Previously offered at $679,900, the list price has now been reduced to $649,900.
Check out the Virtual Tour – three large bedrooms, three baths, a beautiful well-maintained [...]

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New Pre-Market Bank Owned Home in Mission Viejo

March 6, 2010

This cute little Single Family Detached home in a wonderful neighborhood is being prepared for market.  It has three bedrooms, one and a half baths, and over 1200 square feet of living space.  Bank Owned homes for sale in Mission Viejo don’t last long these days, so if you’re interested drop me a line or [...]

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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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Feeding Frenzy – REO Homes Testing the Bottom of the Orange County Real Estate Market

February 24, 2009

Is This THE SIGN That We’ve Hit the Bottom of the Orange County Real Estate Market?
Home buyers take note – when an Orange County, CA REO home hits the market for sale at $177 a square foot, when the recent neighborhood sales indicate a market price of $206 a square foot – what do you think is [...]

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