OTHER NORTH OC

Buyers are putting down larger downpayments as a percentage of the purchase price

Nov 222012

The tighter FHA credit might be pushing more potential buyers to conventional (20%) loans. Also, the shear number of new mortgages have decreased and that could have changed the mixed. Homebuyers put more money down Posted by Megan Hopkins on November 14, 2012 11:01 AM A recent survey from the National Association of Realtors recent survey shows that with a recovering housing market and more borrowers choosing higher down payment conventional loans versus FHA loans, home buyers are now investing more into their new homes. Of the surveyed homebuyers, 87% used a mortgage for the purchase. Typically 91% of the home was financed, requiring a 9% down payment. These numbers suggest that the real estate market is showing signs of [Read More...]

BofA to offer 30,000 loan owners nearly $5 billion in principal reductions

Nov 182012

I guess the people that pay their rent on time or mortgage get nothing. BofA offers 30,000 borrowers $4.75 billion in principal reductions By Kerri Ann Panchuk November 14, 2012 • 11:36am Bank of America ($9.12 0.03%) approved 30,000 mortgage customers for principal reductions on first-lien mortgages with a total value of $4.75 billion as part of its consumer-relief mandate under the national mortgage servicing settlement program. Bank of America executives participated on a teleconferenced update to the settlement. They said that, through September, BofA completed or approved $15.8 billion in mortgage debt relief for 164,000 homeowners. The progress report comes the same day that four other banks are expected to release their compliance updates with the national mortgage servicing [Read More...]

Builders are not so confident on the housing recovery

Nov 152012

Builders are just making enough money to go year to year or quarter to quarter. Builders Warn on Housing Published: Tuesday, 13 Nov 2012 | 2:26 PM ET By: Diana Olick CNBC Real Estate Reporter It’s one thing to jump on the bandwagon when things are getting better, it’s quite another to jump off of it when everyone around you, not to mention your own company’s earnings, would seem to confirm that sentiment. But that’s just what Donald J. Tomnitz, CEO of D.R. Horton [DHI Loading... () ], the nation’s largest homebuilder by volume did.“I still don’t see a lot of jobs being created,” he told an earnings conference call, sending his company’s stock down when it should have been [Read More...]

Foreclosure starts now reach 2007 levels

Nov 122012

Does a housing recovery have increasing foreclosures starts? I think we are developing another new and unique housing issues. Foreclosure Starts Reach 2007 Levels, LPS Explains Rise in Delinquencies 11/08/2012 By: Esther Cho In September, the nation’s delinquency rate suddenly spiked 7.7 percent from August, according to data from Lender Processing Services (LPS). The data provider explained the surge in its recent Mortgage Monitor report for September. For one, first time delinquencies increased by about 200,000 from the month before as more borrowers rolled into 30-day delinquency status. Re-default rates for modified loans did not seem to impact delinquencies. LPS also noted payment and transactional activity was down month-over-month in September. For example, foreclosure starts (-21 percent), foreclosure sales (-18 [Read More...]

Sandy is good for construction companies

Nov 062012

I think we need a new definition of good. For Builders, the Storm Is Good for Business By CATHERINE RAMPELL and SHAILA DEWAN | New York Times – Thu, Nov 1, 2012 9:24 AM EDT Bad news for hurricane-ravaged homeowners is good news for at least one contingent: construction companies and the army of workers they plan to hire, many of whom have been idled and ailing from the housing bust for nearly half a decade. Two days into the destruction from Hurricane Sandy, phones were ringing nonstop at Garden State Public Adjusters in Marlton, N.J., ProStar Residential Disaster Cleanup in Milford, Conn., and other businesses along the Eastern Seaboard. Construction crews cannot get into many of the affected areas yet, because [Read More...]

Short Sales, underwater refi’s, and squatting have taken their toll on foreclosures

Nov 022012

In fact it’s more rare to see a foreclosure now. Completed Foreclosures Down 31% from Year Ago, but Remain High 10/31/2012 By: Esther Cho Completed foreclosures continued their descent into September, falling 31 percent from a year ago, according to data from CoreLogic. The analytics company reported the number of homes lost to foreclosure in September dropped to 57,000. The decline is a steep drop from 83,000 in September 2011, and a decrease from the upwardly revised 59,000 in August. In addition to the monthly and yearly declines, Mark Fleming, chief economist for CoreLogic, said completed foreclosures are also down 50 percent since the peak month in September 2010 and are 22 percent less than the beginning of the [Read More...]

We’ll sell your property in 49 days or we’ll pay you $2,500! List with us today!

Oct 282012

Market your home with Akason Realty Consulting and OC Housing News Why partner with Akason Realty Consulting and OC Housing News to market and sell your home? We likely have a buyer for your home now. We are so confident, we will sell your home 49 days or less we will pay you $2500 if we don’t! Real estate has changed. Eighty-two percent of buyers find their homes online, Akason Realty Consulting has been the number one team out of over 900 agents at Evergreen Realty for the past three years in a row. No local team has a stronger Internet presence. People choose to hire a professional when they want to sell their home faster, for more money, and [Read More...]

Frustrated by low inventory? Find tomorrow’s listings today with our exclusive pre-MLS search tool.

Oct 272012

If you are searching for a home in today’s market, you know how difficult it is to find the right property. Inventory is extraordinarily low, and there is little sign that the banks are going to release more properties to the market soon. There is still a tremendous inventory of distressed properties, and our foreclosure search too can prove it. This tool is useful for more than just indulging idle curiosity. If you are searching for your next home, this tool can help you find properties before they hit the MLS. With our fundamental value reports, we can help you research bank-owned properties before they are released so you can be ready to pounce if it meets your needs. Have [Read More...]

Ray Watson, Irvine Company visionary dead at 86

Oct 262012

To say he left a impression on Irvine real estate is an understatement. Irvine visionary Ray Watson dead at 86 Published: Oct. 22, 2012 Updated: Oct. 23, 2012 7:43 a. By JONATHAN LANSNER, JEFF COLLINS and THOMAS MARTINEZ / THE ORANGE COUNTY REGISTER Raymond L. Watson, the real estate planner who left ahuge imprint on two Southern California corporate icons – the Irvine Co. and the Walt Disney Co. – has died from complications of Parkinson’s disease in Newport Beach. He was 86. In 1960, Watson was hired as the Irvine Co.’s original urban planner while the land owner faced pressure to develop more land and convince the state that the area could host a new University of California campus. [Read More...]

Wouldn’t you be embarrassed to overpay by $100,000? Our report saves you money.

Oct 242012

Don’t bid on a house until you see our report! It’s that important. Are house prices inflated or undervalued? What should house prices be in your search area? Are the neighborhoods and cities you are looking in overvalued? Are you missing opportunities in nearby communities? Our report has those answers. Are you better off renting instead of buying? Will your cost of ownership be more or less than a comparable rental? Is it currently cheaper to own or rent? Has it always been that way? Our report has those answers too. Save thousands on your next home. Be smarter than bubble era sheeple who overpaid and lost their homes. Get the OCHN newsletter right now. You can’t afford to wait. [Read More...]