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Irvine, CA Real Estate News

By Debbie Sagorin, Marketing Irvine to the Highest Level
(Coldwell Banker Realty)
I am pleased to present my latest listing available for lease, a beautifully maintained single-story townhouse located at 66 Rockwood in the popular Woodbridge Parkview community in Irvine, California. As one of Irvine's top real estate agents, I specialize not only in buying and selling homes but also in helping property owners lease their properties, ensuring the best possible terms and satisfaction for both tenants and landlords.Property DetailsAddress: 66 Rockwood, Irvine, CALayout: 2 Bedrooms, 2 BathroomsParking: Attached 2-Car Garage with DrivewayLease Price: $3,500 per monthThis corner lot townhouse shines with its fresh coat of paint and boasts a sought-after Ashford floorplan that invites comfort and style. From the moment you walk through the double-door entry, you're greeted ...
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By Debbie Sagorin, Marketing Irvine to the Highest Level
(Coldwell Banker Realty)
The Woodbridge Village Association has launched a WiFi network at Stonecreek Swim Club.  This new service allows members and guests to enjoy the internet and Southern California's climate while lounging at the pool!To use the network, please follow the instructions below.  These instructions are also posted on the bulletin board at Stonecreek Swim Club and on the Association's web site at http://www.wva.org and at http://WoodbridgeHomeSales.com.To access the WiFi, select WVA from your list of available wireless networks and press connect.  Your PC should connect to the network and Windows may provide a prompt asking if you want to connect to a non-secured network.  Accept the connection.  At this point, you may launch your internet browser.  You will get a pop up window with a security ...
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By Tim Storm, Orange County FHA and VA Home Loan Specialist
(Fairway Independent Mortgage Corporation)
Just like in 2009, 2010 will be a big year for the FHA loan program and Orange County First Time Buyers. There are several reasons for this, one of them being that there just aren't many competing loan programs.4 Reasons FHA will Continue to be Preferred by Orange County First Time Buyers Only 3.5% down payment requirement. Other Conventional programs require at least 10% down, as long as the borrowers FICO scores are 740. There are a few niche programs, such as the Fannie Mae Homepath program which is for specific Fannie Mae owned properties, or the VA loan program which allows for 100% financing but is only for VA eligible borrowers. The FHA credit guidelines are more flexible than Conventional financing. Although technically FHA does not require a minimum FICO score, most lenders wan...
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By Debbie Sagorin, Marketing Irvine to the Highest Level
(Coldwell Banker Realty)
The Annual Southern California Half Marathon and 5K race will be held in Woodbridge tomorrrow. Races will begin at 8:00am for the 5K and Half Marathon, and the Kids Run is at 10:00 AM.  The event benefits Woodbridge High School athletics, and also other IUSD schools, and some local charities. Over 4,500 participants are expected and the weather looks like it will cooperate! The course is flat and scenic. The races start near the intersection of Creek & Barranca.
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By Satar Naghshineh
(Satar - Amiri Property and Financial Services Corp.)
    Buyer's Agents - Don't Forget The Seller Concessions on Short Sales!         I respectfully disagree with the information given on this blog which states that seller concessions cannot be given to short sale buyers. The notion of " If a seller is in a short sale position....why would you think there was extra cash to help the buyer ?" is false as the seller does not directly pay cash to the buyer. Instead, the funds given to the buyer is paid out by the lender as a loss to the lender. So as a buyer's agent on a short sale, try to have the seller pay for everything and let the lender counter the terms.By not doing so, you are doing a great disservice to your clients to get the best possible terms negotiated for them. I wrote the following blog to show you how to write an offer on a ...
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By Ron Holborn, Commercial & SFR, Anaheim CA, Real Estate & Short
(Short Sales, Foreclosures, Rentals, Income Real Estate)
Irvine's Wheel of Life Serves Up Vegan Power!!      VEGAN POWER!!! This is the message that you will receive when you visit the great restaurant,  Wheel of Life, in Irvine, CA.     Run by Victor and Kim, some of the friendliest people I have ever come in contact with, with the mission to serve great vegan food in a friendly atmosphere. Every time I visit, Victor comes out to greet us personally, "Vegan Power" he says, telling me he is a 3rd generation vegan. There is an awesome array of food, something for everyone.     The cuisine is traditional Thai food with vegan substitutes for meat - curries, Pad Thai, fried rice and much more (check out the menu). For dessert the coconut or green tea ice cream with fried banana is a must try. As you leave you can grab some free Buddhist literatur...
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By Debbie Sagorin, Marketing Irvine to the Highest Level
(Coldwell Banker Realty)
Following my 12/30 post below, here are the final 2009 Woodbridge home sales numbers. 161 attached & 65 detached Woodbridge homes sold, making a total of 226 closed sales for the year. The average selling price of these 226 homes was $520,303. The average Days on Market was 56.9 days.     Here are the highest-priced Woodbridge houses that sold last year: Address Bed SqFt Sold Price Sold Date DOM 22 Rockwren  5  3,495  $1,130,000  10/14/2009  39  4 Earlymorn  4  3,068  $1,055,000  12/29/2009  45  46 Emerald  4  3,200  $1,150,000  7/20/2009  42  14 Rockwren  6  4,200  $1,349,000  5/12/2009  14  111 Nighthawk  5  3,734  $1,437,500  7/21/2009  130  46 Woodbridge homes are presently being offered for sale. These range in price from $285,000, (for a 3 bedroom short sale), to $1,399,000 for a ...
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By Debbie Sagorin, Marketing Irvine to the Highest Level
(Coldwell Banker Realty)
Two of the nicest tracts in Woodbridge Irvine are Landing I and Landing II, and these consist of only Single Family Residence detached homes. Both tracks are "inside the Loop" and a wonderful community spirit exists.  Most homes are beautifully decorated for the holidays.Don't expect to see many homes in "The Landings" on the market for sale. Usually when one is offered for sale, it is snapped up pretty fast!In 2009 only 5 homes sold, (that's in Landings I and II combined), and only 5 homes were sold in 2008 too.I sold 4-bedroom 25 Whispering Wind, (in Landing I), a few months ago for $995,000. One other Landing I home sold in 2009 and this was 4 Earlymorn which sold for $1,055,000.These 4-bedroom Landing II homes sold in 2009:11 Laurelglen $825,000.59 Emerald $870,000.46 Emerald $1,150...
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By Debbie Sagorin, Marketing Irvine to the Highest Level
(Coldwell Banker Realty)
Year to date, 160 attached & 64 detached Woodbridge homes have sold, making a total of 224 closed sales for the year so far.The average selling price of the attached homes was $443,100. The average Days on Market was 57.1 days. Look at the breakdown below: Time on Market UNITS 1-30 Days 101  31-60 Days 52  61-90 Days 28  91-120 Days 14  121-180 Days 13  More than 180 Days 13  Total Units Sold 224      Only 4 homes sold at over $1 million, and none were over $2 million.Only 42 Woodbridge homes are active, (offered for sale), right now.    
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By Satar Naghshineh
(Satar - Amiri Property and Financial Services Corp.)
Mike Linkenauger wrote a blog in which he tried to convince the audience that short sale option contracts are a scam and that home owners should avoid the investors who approach them in this manner. Along with his blog, there have been a few more blogs that I have come across by agents who are ignorant on short sales or even those "certified" short sale agents who are baffled and confused about short sale flips. The purpose of this blog is to point out that short sale flips can be ethical and legal if done right. That when approached with an opportunity to help home owners, real estate investors and agents should look at the process or system in place and seek independent review to determine whether it is legal and/or ethical to move forward. Homeowners - When it comes to Irvine Short S...
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By Debbie Sagorin, Marketing Irvine to the Highest Level
(Coldwell Banker Realty)
Woodbridge is a community of about 9,500 homes, with an adult population of about 30,000 people, and is known as being a model planned community.It encompasses 1,700 acres and features approximately 40 parks and pools, two "landmark" lakes and swimming lagoons, two beach clubs (with boat docks), 24 tennis courts, plus many other recreational amenities for use by the residents. The excellent Woodbridge schools are a big reason people move here. See all Woodbridge homes for LEASE here, and all Woodbridge homes for SALE here.  Woodbridge is always being kept in great condition, and quite a few facilities have been renovated during the past year.Recently the pool decks of Stonecreek, Blue Lake, Woodflower & Smokestone were resurfaced.The lakes have just been stocked with fish, so if you don...
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By Tim Storm, Orange County FHA and VA Home Loan Specialist
(Fairway Independent Mortgage Corporation)
On December 16 FHA came out with Mortgagee Letter 09-52, which provides guidance to lenders in how to deal with borrowers who have had a Short Sale and borrowers who are refinancing a "short payoff". This has been occuring quite a bit in Orange County, along with the rest of southern California.What is a Short Sale? What is a Short Payoff Refi?Short sales have been all the rage in 2009 but FHA has not been very clear on how they would deal with a borrower who had sold their home through a Short Sale. A Short Sale is where a property is sold for less than what is owed on the mortgage, thus creating a loss for the lender. A Short Payoff Refinance is where the lender "writes down" the principal on a loan in order to allow the homeowner to refinance.Will FHA Finance a Borrower Who has had a...
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By Debbie Sagorin, Marketing Irvine to the Highest Level
(Coldwell Banker Realty)
Do you know that there are more homes for LEASE in Woodbridge, Irvine, than there are for SALE?  48 Woodbridge homes are for SALE, (including two-bedroom #3 Whitecloud),  and 57 homes are for LEASE, (check out two-bedroom #615 Springbrook North).  23 Woodbridge homes SOLD last month, and 23 were LEASED.  Interesting....
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By Tim Storm, Orange County FHA and VA Home Loan Specialist
(Fairway Independent Mortgage Corporation)
When buying a condo in Orange County, it is important to understand the insurance requirements. Whether the loan will be FHA, VA USDA, Fannie Mae or Freddie Mac, the lender will need to make sure the property is insured beyond the typical "exterior" insurance policy most Home Owners Association's cover.What is a "Walls-In", or "HO-6" Insurance Policy?A Walls-In policy will cover the interior of the condo. In insurance lingo, the Walls-In policy is referred to as the HO-6, or Interior Insurance Policy. While most people have known that a condo Master Policy is required, few people have understood the interior policy requirements. Over the past year, as lenders have dealt with tightening guidelines, the condo insurance guidelines have become more spelled out. Because there is a high conce...
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By Robin Fenchel, Satisfying Irvine Area Clients One Home at a Time
(Century 21 Professionals)
For those of you who missed out taking a picture with UCI's Peter the Santa Anteater this past Wednesday, December 3rd from 11:00 a.m. - 2:00 p.m. at the U.C. Irvine Bookstore, here's a question for you: Now we know that if you've been a good girl or boy all year long, then Santa will leave goodies in your Christmas stocking, right. However, if you've been a bad girl or boy, then it's coal in your stocking...uh oh!  :-(         Well, if Peter the Santa Anteater's favs are ants---lots of them, my question is this: If you wake up Christmas morning and find ants in your stocking, have you been good or bad? Hmmmmm........ GO 'EATERS! And may all you U.C.I. students have a straight "A" Holiday! (And no ants in your pants ;)  
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By Debbie Sagorin, Marketing Irvine to the Highest Level
(Coldwell Banker Realty)
The highest priced home that sold in Woodbridge in November was 11 Laurelglen. After being bought at an auction in July for $690, this 4-bedroom, 2,334 Sq Ft SFR was flipped & recorded early last month, for $825K.The lowest priced home to sell last month was a 1 bedroom 715 Sq Ft bank-owned condo which fetched $225K.Altogether, 23 homes sold in November, and 47 are presently for sale, (active), so there's only two month's inventory of Woodbridge homes right now.The Woodbridge homes for sale range in price from $299K to $1.4 million. The smallest home is 917 Sq Ft, and the largest is 3,400 Sq Ft. See these homes at www.WoodbridgeCondo.com.The average Days on Market for these homes are 69 days, and the highest is 524 days, (not a typo). The price was reduced 3.5% after 206 days, another ...
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By Kaaren Hall, You can invest in real estate using your IRA!
(uDirect IRA Services, LLC)
http://www.ustream.tv/recorded/2694020 What is a real estate IRA? "Real estate IRA" is a term used to describe a real estate investment(s) in a self-directed IRA or 401(k). With a real estate IRA, you can earn tax-free/tax-deferred returns on your real estate investments. What types of real estate IRA investments are allowed? The following is a partial list: •Raw land •Single-family homes •Commercial property •Apartments •Duplexes •Condos/townhomes •Mobile homes •Real estate notes •Second mortgages •Partial notes •Real estate purchase options •Tax liens certificates http://www.ustream.tv/recorded/2694020 For more information - 714-460-5505
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By Kaaren Hall, You can invest in real estate using your IRA!
(uDirect IRA Services, LLC)
Learn how realtors can use self-directed IRAs to help their clients purchase investment property. Kaaren Hall, President of uDirect IRA Services discusses how to use this powerful investment tool. Your IRA can purchase Real Estate. You've been able to use your IRA in this manner for over 30 years but few know the ins and outs. Listen to this informative event and learn how you can help your clients to purchase investment property with their retirement funds. To sign up: http://www.ustream.tv/channel/americor PASSWORD: udirect www.uDirectIRA.com
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By Tim Krueger
(Morovish Properties)
Irvine Real Estate is HOT!  Corona del Mar Properties along with Collins Commercial has a new listing available. If you are in the market to purchase Irvine Commercial Real Estate then you have found what you are looking for!  This property is well maintained with over 1 Million in upgrades!   As you walk through the front doors your eyes will be captured by the beautiful and modern designs.  Your eyes will be satisfied with every sight.  Your ears will be soothed by the many ponds and your feet will thank you as you gracefully walk along pebble tech flooring.  No need to bring your lunch to work a full chefs kitchen is at the palm of your hands. After you eat lunch you can work out in the fitness room or relax in the media room.  Your new office building is going to be your home away f...
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By Kaaren Hall, You can invest in real estate using your IRA!
(uDirect IRA Services, LLC)
Pre-tax or after-tax? That is the question? I'm not a tax professional (I'm a Third Party Administrator for self-directed IRAs). So, check with a tax professional to verify... with that disclaimer out of the way I'll say that income taxes are on sale next year. I mean a red hot fire sale! In 2010 there's something called TIPRA, the Tax Increase Prevention and Reconciliation Act. So why should you care? With TIPRA you can CONVERT pre-tax IRA money to Roth money REGARDLESS OF INCOME. Note I say "convert" and not "contribute". The income limits still apply for contributing to a Roth IRA, but you can convert to Roth no matter how much you earn. That's great by itself but the feds are giving us another perk here. When you convert pre-tax to after-tax retirement money you have to pay the tax ...
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By Kaaren Hall, You can invest in real estate using your IRA!
(uDirect IRA Services, LLC)
If you could ask any question about how to self-direct your retirement savings, what would it be? Go to this website: http://www.justaskkaaren.com/ Ask your question then join us for a live 60-minute LIVE, Teleseminar Interview by expert business coach Larry Gassin to hear your questions answered. Date: Monday Nov 9th Time: 4:00pm PST Cut & paste this link in your browser to ask your question - http://www.justaskkaaren.com/
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