Monthly Archives: February 2012

REO Sellers of Homes Required to Provide Written Disclosures to Buyers

REO buyers of homes in California should make sure that REO lender/sellers provide all disclosures that are required by law. REO lender/sellers in California are in some situations exempt from property disclosures to buyers based upon theory that they are … Continue reading

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Newport Beach CA Real Estate Market Update With Some Improved Signs

Newport Beach CA real estate and home selling market update shows some positive change. 92 Newport Beach homes have sold so far this year (January 1 to February 26, 2012) – with average sold price of $1,286,477 – average market time … Continue reading

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Water-Conserving Plumbing Fixtures Must be Disclosed by California Home Sellers

  California government has favored consumers for years and has a number of laws on seller disclosures to protect home buyers. New CA law – CA Senate Bill 837 – says that home sellers must disclose to buyers whether there are water-conserving plumbing … Continue reading

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Buyer Demand for Housing is Up at Orange County CA Real Estate

REALTORs® and real estate professionals and their customers are looking for local market trends. How is the real estate market?  We have something new to talk about when people at Orange County CA ask.  Buyer demand for Orange County CA homes and properties during … Continue reading

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East Costa Mesa Real Estate Update – February 2012 – Orange County CA

  East Costa Mesa is a most popular area at Orange County CA – with old-fashioned neighborhoods where people and kids walk and bike to visit each other, attend good schools, enjoy public parks, nice churches, shop at local markets – at gentrified … Continue reading

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Amazingly Good Purchase Money Home Loan Rates Continue at Orange County CA Real Estate

Purchase money home loan and mortgage rates quoted this week by First Capital Mortgage, Newport Beach, CA, continue to be amazingly low.       Tim Sibley Direct 949.721.5018Fax 949.640.7091tsibley@firstcapitalmtg.com Sam Isaac Direct 949.574.3556Fax 949.640.7091sisaac@firstcapitalmtg.com Downloads   Loan Application Payment Schedule Disclosure … Continue reading

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Options in California Real Estate Contract Transactions

People ask us about possible lease option agreements to sell and buy properties at Orange County, CA. California real estate contracts sometimes have OPTIONS granted to lessees and proposed buyers. A rent-to-own or “LEASE OPTION contract” usually contains an OPTION TO PURCHASE … Continue reading

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Shortened Time Frame From Default to Foreclosure at Orange County CA Real Estate

 10,898 Orange County CA properties are in the foreclosure pipeline as of today – February 15, 2012 – after filing of notice of default and prior to trustee auction sale at end of foreclosure. A recent trend at Orange County Ca real estate is … Continue reading

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New California Smoke Free Housing Law 2012

California New Smoke Free Housing Law for 2012 The  California Smokefree Housing Law (SB 332) went into effect on January 1, 2012 – added Section 1947.5 to the California Civil Code– and gives multifamily property owners and managers the power to prohibit smoking … Continue reading

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Irvine CA Real Estate Market Update – February 2012

Irvine is the economy powerhouse at Orange County CA – has more jobs for employees than any other city of it size (with more than 200,000 people) in Southern California – and sells more real estate than other areas at Orange County.  … Continue reading

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