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Orange County Buyers

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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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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Extended and Expanded Tax Credit

November 12, 2009

There’s good news for home buyers seeking homes for sale in Orange County, and Real Estate in Irvine and other local cities should be affected.  New legislation has extended and expanded the old “First Time Home Buyer Tax Credit” – it now applies to people who already own home as well.  The picture of the [...]

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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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The Case-Shiller Shows Home Prices Are Still On Their Way Up

September 30, 2009

For the second month in a row, 18 of the 20 Case-Shiller real estate markets posted higher home values.  It’s the 6th consecutive strong showing for the benchmark private-sector housing index.
Combined with falling home supplies and rising sales figures, this month’s Case-Shiller Index suggests that housing may have bottomed sometime earlier this year.
It’s cause for optimism.
Even Case-Shiller [...]

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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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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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The Importance of Being Pre-Approved for A Home Loan

April 6, 2009

Hot Tip for Being a Successful Home Buyer
To take advantage of the great deals on homes for sale in all Orange County CA neighborhoods today, you must be pre-approved for a home loan by a direct lender in order to be ready to buy.  End of story.  You cannot realistically go shopping for a home [...]

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What’s Up With Orange County REO Homes for Sale??

January 29, 2009

Well, Here’s the Real Information on REO Homes for Sale in South Orange County
Of the 168 NEW REO Homes for Sale listed since January 1, 2009 in South Orange County (including homes for sale in Aliso Viejo, Irvine, Newport Beach, Newport Coast, Costa Mesa, Corona del Mar, Dana Point, San Juan Capistrano, San Clemente, Coto [...]

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