Short Sales in South Orange County Beach Towns
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Home Page > Finance > Real Estate > Short Sales in South Orange County Beach Towns
Short Sales in South Orange County Beach Towns
Posted: May 16, 2011 |Comments: 0
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In studying South Orange County beach cities, I find that the more expensive the homes in the area are, the lower the percentage of short sales. This seems to be true when looking at the stats for 5 beach cities starting in the south with San Clemente, and then looking in turn at Dana Point, Laguna Beach, Newport Beach and Huntington Beach.
San Clemente Short Sales
There are 126 homes listed as short sales in San Clemente and 53 condominiums. Condominiums range in price from $120,000 for a very small 438 square foot unit to a delightful 3-bedroom unit listed for $619,000. The homes listed as short sales range in price from $418,000 for a 2-bedroom, 3-bath home to $4 million for a 6-bedroom, 6-bath home on the bluff overlooking the Pacific Ocean. The total market of homes and condos in San Clemente is currently about 450 listings, which indicates that short sales make up about a third of the total market. Currently, the highest priced home on the market today is listed for $8.4 million.
Dana Point Short Sales
There are currently 42 short sales on the market in Dana Point ranging in price from $300,000 for a 2-bedroom condo to a fabulous ocean view home priced at about $8 million, down from $14 million. The short sales listed represent a little more than 10 percent of the total number of homes and condominiums that are currently for sale. The highest priced home on the market today is listed at slightly more than $23 million.
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Laguna Beach Short Sales
Currently there are 41 single-family homes listed as short sales in Laguna Beach. They range in price from $420,000 for a 3-bedroom, 3-bath home to $8 million for a spectacular, oceanfront home previously offered at $14M. There are 11 condos listed as short sales ranging in price from $350,000 to $850,000. There is a total of 363 homes and condos currently on the market and that indicates that the short sales in Laguna Beach total about 15 percent of the total market. The highest priced home on the market today is listed for $32.5 million.
Newport Beach Short Sales
In Newport Beach, 36 single-family homes are listed as short sales ranging in price from $260,000 for a manufactured home with 3-bedrooms and 2-baths to $2 million for a 2-story water view home with 3-bedrooms and 4-baths. There are 53 condos listed as short sales in Newport Beach. These units range in price from $260,000 to about $2 million for a 1-bedroom unit. The total number of homes and condos on the market is 518, which indicates that short sales in Newport Beach make up approximately 15 percent of the total market. The highest priced home on the market today is listed for $28.5 million.
Huntington Beach Short Sales
There are 113 homes listed as short sales in Huntington Beach ranging in price from $350,000 for a 3-bedroom, 1-bath home to about $2 million for a lovely 3-bedroom, 5-bath home. There are a total of 125 condominiums listed as short sales in Huntington Beach that range in price from $90,000 to $835,000. With 600 homes and condos currently on the market, about one-third the market is listed as short sales. The highest priced home currently on the market is listed at $6 million.
The High Price – Low Short Sale Rate Connection
Do these stats prove that the wealthy are less likely to have over-paid for a home purchased before 2007? Probably not, but it may indicate that they are less worried about it. After all, with the California real estate market trend over the years one of minor booms and busts, who has not bought a home only to watch it decline in value. However, the good news is that the real estate market will pick up and if you stay in the home, the prices are bound to rise again. And, rising values are even more assured in the extremely desirable coastal towns in southern California. The three areas with the highest home values have the lowest percentage of short sales. Both Huntington Beach and San Clemente have less expensive and less desirable inland areas that work to bring their averages down. They also both have less of that desirable ocean front or ocean view property.
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By the way, for more information on the South Orange County Real Estate market, visit http://www.ochomebuyer.com
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Best Short Sale Attorney, Dade County
Posted by Usual in Lender Approved Short Sales, tags: attorney, best, County, Dade, Sale, ShortBest Short Sale Attorney, Dade County
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Home Page > Law > Best Short Sale Attorney, Dade County
Best Short Sale Attorney, Dade County
Posted: Dec 29, 2010 |Comments: 0
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Many people in the US are facing hardship in making the monthly mortgage payments. As a result, they are on the verge of opting for foreclosure. As foreclosure badly hits a credit report, some are also opting for short sale instead. This article gives an overview of short sale and the steps involved in it.
When a home owner is unable to make payments toward his mortgage, he negotiates with his lender to agree upon a short sale. Short sale (or pre-foreclosure sale) involves selling of a home wherein the lender agrees to accept less than the amount owed on the mortgage. Short sale happens when there is not enough equity to sell and pay off the mortgage debt. Moreover, if the home is located in an area where home prices are on decline, then it may be sold off for less, at a price that isn’t enough to cover the loan balance. The lender agrees to forgive the balance debt amount and gives the homeowner a clear title. The credit score will not lower as it would have been in cases of foreclosure.
Prior to filing for short sale, a debtor needs to find out the true value of the property. He can get help from a real estate broker, who can provide him with an estimate of the property value. After this he needs to calculate the total amount owed against his property. This is based on the entire mortgage taken against the property. The debtor also needs to calculate the closing cost including appraisal, agent’s commissions, escrow, unpaid property taxes, title report, and so on. The debtor also has to convince the lender about his inability to repay the mortgage. However, until the debtor has missed two or three payments, a lender does not consider short sale. He also needs to find a buyer in order to sell the property. The lender will have to approve the buyer’s offer. There are tax obligations in a short sale. For this, a person needs to talk with a short sale attorney. A short sale attorney can help him in getting an estimate of how much he will have to pay the IRS after selling the property.
Are you looking for a reliable and experienced short sale attorney? Dade County is one such place in the United States where you can take advantage of the services offered by Jorge Gaviria Law Firm. To know more about them visit www.miamiforeclosurelawyers.com. This reputed law firm will render their help in every way to make you free from all financial obligations. Contact them now.
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Going through foreclosure is a frightening experience. You may feel like you are all alone, but it doesn’t have to be that way. Miamiforeclosurelawyers.com offers great information on Miami foreclosure attorney.
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I was denied a Hamp mod due to NPV caculations. My lender will not explain these terms to me. They said they cannot help me. I need to short sale and get out. Can u please help me
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commercial short sale miami, foreclosure defense dade county, foreclosure defense miami, short sale attorney miami, short sale lawyer miami
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Going through foreclosure is a frightening experience. You may feel like you are all alone, but it doesn’t have to be that way. Miamiforeclosurelawyers.com offers great information on Miami foreclosure attorney.
Peggy Slappey Properties: The Springs at Rock House offers bank approved short sales, plus incredible amenities & great schools in Lawrenceville, Gwinnett County
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peggyslappeyproperties.atlantanewhomesdirectory.com The Springs at Rock House offers bank approved short sales with 100% percent financing and owner financing available. Amenities include an oversized swimming pool with mushroom water feature & a large clubhouse and playground. Plus great Gwinnett schools!
Santa Clara County sees rise in short sales
Posted by Usual in Lender Approved Short Sales, tags: Clara, County, rise, Sales, Santa, sees, ShortSanta Clara County sees rise in short sales
About one-third of the homes now on the market in Santa Clara County and one-sixth in San Mateo County are owners seeking short sales.
Read more on San Jose Mercury News
Peggy Slappey Properties: The Springs at Rock House offers bank approved short sales, plus incredible amenities & great schools in Lawrenceville, Gwinnett County
Posted by Usual in Bank approved short sales, tags: amenities, approved, BANK, County, great, Gwinnett, House, incredible, Lawrenceville, Offers, Peggy, plus, Properties, Rock, Sales, schools, Short, Slappey, Springs
peggyslappeyproperties.atlantanewhomesdirectory.com The Springs at Rock House offers bank approved short sales with 100% percent financing and owner financing available. Amenities include an oversized swimming pool with mushroom water feature & a large clubhouse and playground. Plus great Gwinnett schools!
Peggy Slappey Properties: The Springs at Rock House offers bank approved short sales, plus incredible amenities & great schools in Lawrenceville, Gwinnett County
Posted by Usual in Bank approved short sales, tags: amenities, approved, BANK, County, great, Gwinnett, House, incredible, Lawrenceville, Offers, Peggy, plus, Properties, Rock, Sales, schools, Short, Slappey, Springs
peggyslappeyproperties.atlantanewhomesdirectory.com The Springs at Rock House offers bank approved short sales with 100% percent financing and owner financing available. Amenities include an oversized swimming pool with mushroom water feature & a large clubhouse and playground. Plus great Gwinnett schools!
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