Place 728 x 90 Ad Here

Irvine Housing Blog

Irvine Housing Blog

Link to Irvine Housing Blog

IHB News 6-5-2010

Posted: 05 Jun 2010 03:30 AM PDT

I have scheduled a party night at JT Schmids for Wednesday 16 June 2010 at 6:30 - 9:00. You are invited. I hope to see you there.

 

Irvine Home Address ... 208 GUINEVERE Irvine, CA 92620
Resale Home Price ...... $469,000


There's a party goin' on right here
A celebration to last throughout the years
So bring your good times, and your laughter too
We gonna celebrate your party with you

Come on now

Celebration
Let's all celebrate and have a good time
Celebration
We gonna celebrate and have a good time

Kool & The Gang -- Celebration

IHB News 

Block Party

I have scheduled a party night at JT Schmids for Wednesday 16 June 2010 at 6:30 - 9:00. It has been over six months since our last gathering, but we are ready to revive the tradition. This will be primarily a social gathering, and everyone is invited. The IHB staff will be in attendance to talk real estate if you wish.

IHB Exclusive Access Properties

We have launched Ideal Home Brokers Exclusive Access Properties. We have an arrangement with a number of listing agents to provide an exclusive look at properties up to seven days before they are put on the MLS. These are generally not going to be REO properties that require am MLS listing before they can be sold. Depending on the seller, the properties may not be put on the MLS if the offer is attractive, and the property may bypass the MLS entirely. 

Potential buyers have the opportunity to preview these properties before others in the general public are made aware of its availability. In our constricted supply market, exclusive access can be an advantage.

If you would like more information about this program, or if you would like to see any of the IHB exclusive access properties (like 26152 Via Pera Mission Viejo, CA 92691), please contact us at sales@idealhomebrokers.com.

Writer's Corner

I am becoming more comfortable with the daily cartoons; in fact, it is the most enjoyable part of the process for me. I have found that going with my first idea and working quickly generally gets the best results. I like reading the thoughts of bystanders in the cartoons, and my favorite this week was the family dog.

I have assembled a large database of American Gothic parody images, and each time I need to express the thoughts of homeowners, pulling up one of these usually does the trick. My two recent favorites are:

My favorite cartoon of the week was an afterthought, but each time I look at it, I still laugh.

When a character in an image is looking directly at you, it is gripping. That is one of the features of the American Gothic images that works well.

Going on vacation

I am planning my family vacation for the last week of June through the 6th of July. I don't know yet what I will do for posts during that 10 days. I will have my iPhone, and I will be able to read the comments, but don't expect any long-winded diatribes from that interface.

Since I will have to do the posts in advance, they will probably be short, and the news won't be current. Maybe I can talk Zovall and Shevy into taking up the slack....

Housing Bubble News from Patrick.net

Fri Jun 4 2010
Why does government subsidize mortgage debt? (money.cnn.com)
Should you rent or buy? (money.cnn.com)
Bay Area jobs hit harder by recession than U.S. (sfgate.com)
Foreclosure storm continues in Central Valley (centralvalleybusinesstimes.com)
Public Union Parasites Move To Bar California Bankruptcies (Mish)
Greece to Sell Assets to Help Pay Down Deficit (nytimes.com)
Sydney quickly becoming the city few can afford to live in (nzherald.co.nz)
China's Housing Bubbles: Quality Research Required (scoop.co.nz)
Krugerrand Output Jumps to 25-Year High on European Debt Crisis (bloomberg.com)
Econophysicist Accurately Forecasts Gold Price Collapse (technologyreview.com)
Panic then silence over suspicious Chinese drywall (miamiherald.com)
Builder: Buyer-bait tax credit disappointing (washingtonpost.com)
National debt hits $13 trillion (washingtontimes.com)
Mortgage, credit card, student loan, auto loan debt also $13 trillion! (mybudget360.com)
"Banks" allow members to pay with time, not cash (news.yahoo.com)
Car dealer gets 12 years for mortgage fraud; used voodoo dolls targeting investigators (latimes.com)
Buyer on a stick (scroll down a bit) (patrick.net)
Bizarre ad about wrecking your house before foreclosure (givingbackthehouse.com)
 


Thu Jun 3 2010
Mortgage Walkaways Have Huge Incentive (cnbc.com)
The next generation of house buyers has too much college debt (bayarearealestatetrends.com)
Foreclosure crisis hitting hard on the west side of the Salt Lake Valley (sltrib.com)
Real Estate Dumbass of the Decade (longbeachhousingblog.blogspot.com)
Buffett Says He Expects `Terrible Problem' for Municipal Debt (preview.bloomberg.com)
Moody's Chief Says CDO Ratings Deeply Disappointing (businessweek.com)
Home-debtor epiphany (doctorhousingbubble.com)
Congress Eyes $15 Billion Construction Loan Guarantee Program (builderonline.com)
Realtors (TM) Want Congress to Corrupt the Tax Credit Timeline (blogs.wsj.com)
Five Failed Banks Cost the FDIC $317m, on Track for Record Year (housingwire.com)
Net worth of FDIC increased slightly, to negative $20.7 billion (fdic.gov)
Canada raises interest rates (finance.yahoo.com)
The Future Of America's Working Class (newgeography.com)
Strategic Foreclosure (patrick.net)
 


Wed Jun 2 2010
Foreclosures shifting to affluent ZIP codes (sfgate.com)
Bank price on some houses: 'Unrealistic' (mortgage.freedomblogging.com)
Latest Lie about Strategic Default: Borrowers Are Emotional Fools (irvinehousingblog.com)
Calif. jobless claims at record high (economy.freedomblogging.com)
Next Up -- 5 Years of Financial Hell (safehaven.com)
Euro Bailout Plan is all about Rescuing Banks and Rich Greeks (Mish)
Clarke and Dawe: Lending merry-go-round (youtube.com)
China's shift away from cheap labor hard on all (news.yahoo.com)
China told property risk is worse than U.S. (cnn.com)
Answers on Credit Ratings Are Long Overdue (nytimes.com)
Is Massive Refinancing During Bubble Years a Ticking Bomb? (realestatechannel.com)
U.S. gov't still supporting ponzi scheme that will drag house prices lower (thepanicnews.com)
Federal Housing Finance Agency demands Fannie and Freddie drive the poor into debt (fhfa.gov)
Review of 'Life Would Be Perfect If I Lived in That House' (online.wsj.com)
 


Tue Jun 1 2010
Stop Paying The Mortgage, Live Free For Years (nytimes.com)
IMF Economist Argues House Prices Still Have Far To Fall (blogs.wsj.com)
New House Sales Set to Plunge in Former Bubble Markets (bloomberg.com)
21 year supply in Vegas high-rise condo market (lvrj.com)
NY Owners Bet on Raising the Rent, and Lost (nytimes.com)
The Property Tax: Unsung Hero (taxvox.taxpolicycenter.org)
CA's Prop 13 means tax burden falls on houseowners, not businesses (freedomblogging.com)
Ponzi scheme cases on rise in Bay Area (contracostatimes.com)
Go Ponzi, Young Debtor! How to Manage Your Finances The California Way (irvinehousingblog.com)
Arizona commercial real estate brokers: Some lenders ignore crisis (azcentral.com)
Commercial property owners facing declining rents (heraldtribune.com)
Hosed in Canada; Housing Crash is a Given (Mish)
Soldier in Iraq Loses House Over $800 Debt (motherjones.com)
Australian real estate agents accused of price inflation scam (abc.net.au)
Racing China: The Australia Housing Bubble (newgeography.com)
Deflation now, inflation later? (biztimes.com)
Lent, spent and guaranteed: The merger of state and corporate powers (theautomaticearth)
Building industry wants the U.S. Treasury Dept to guarantee builders' loans (hadd.com)
What Your 401k Really Costs You (usnews.com)
Student Loan Debt Means Slavery, Bankruptcy Not An Option (nytimes.com)
 

 

Irvine Home Address ... 208 GUINEVERE Irvine, CA 92620

Resale Home Price ... $469,000

Home Purchase Price … $661,500
Home Purchase Date .... 12/22/2005

Net Gain (Loss) .......... $(220,640)
Percent Change .......... -29.1%
Annual Appreciation … -7.6%

Cost of Ownership
-------------------------------------------------
$469,000 .......... Asking Price
$16,415 .......... 3.5% Down FHA Financing
4.91% ............... Mortgage Interest Rate
$452,585 .......... 30-Year Mortgage
$96,118 .......... Income Requirement

$2,405 .......... Monthly Mortgage Payment

$406 .......... Property Tax
$167 .......... Special Taxes and Levies (Mello Roos)
$39 .......... Homeowners Insurance
$300 .......... Homeowners Association Fees
============================================
$3,317 .......... Monthly Cash Outlays

-$395 .......... Tax Savings (% of Interest and Property Tax)
-$553 .......... Equity Hidden in Payment
$31 .......... Lost Income to Down Payment (net of taxes)
$59 .......... Maintenance and Replacement Reserves
============================================
$2,459 .......... Monthly Cost of Ownership

Cash Acquisition Demands
------------------------------------------------------------------------------
$4,690 .......... Furnishing and Move In @1%
$4,690 .......... Closing Costs @1%
$4,526 ............ Interest Points @1% of Loan
$16,415 .......... Down Payment
============================================
$30,321 .......... Total Cash Costs
$37,600 ............ Emergency Cash Reserves
============================================
$67,921 .......... Total Savings Needed

Property Details for 208 GUINEVERE Irvine, CA 92620
------------------------------------------------------------------------------
Beds: 3
Baths: 2 full 1 part baths
Home size: 1,950 sq ft
($241 / sq ft)
Lot Size: n/a
Year Built: 2006
Days on Market: 31
Listing Updated: 40312
MLS Number: S616084
Property Type: Condominium, Residential
Community: Woodbury
Tract: Wdgp
------------------------------------------------------------------------------
According to the listing agent, this listing may be a pre-foreclosure or short sale.

This is a three bedroom townhome style open floorplan that is perfect for entertaining. Bring your must discerning buyer and notice all the fine detail in the finely open gourmet kitchen. could have a main floor bedroom or office. Woodbury is one of the nations finest communties with a walk to destination mall amenties to fit any five star accomodations and the finest schools. Come see this gem. Model perfect.

communties? amenties? accomodations?
 


real estate home sales


26152 Via Pera Mission Viejo, CA 92691

Posted: 04 Jun 2010 03:23 PM PDT

IHB exclusive property

 

Home Address ... 26152 Via Pera Mission Viejo, CA 92691
Resale Home Price ...... $279,900


 

 

Home Address ... 26152 Via Pera Mission Viejo, CA 92691

Resale Home Price ... $279,900

Home Purchase Price … $596,000
Home Purchase Date .... 3/16/2010

Net Gain (Loss) .......... $(332,894)
Percent Change .......... -53.0%
Annual Appreciation … -267.2%

Cost of Ownership
-------------------------------------------------
$279,900 .......... Asking Price
$9,797 .......... 3.5% Down FHA Financing
4.87% ............... Mortgage Interest Rate
$270,104 .......... 30-Year Mortgage
$57,101 .......... Income Requirement

$1,429 .......... Monthly Mortgage Payment

$243 .......... Property Tax
$0 .......... Special Taxes and Levies
$23 .......... Homeowners Insurance
$340 .......... Homeowners Association Fees
==================================
$2,034 .......... Monthly Cash Outlays

-$134 .......... Tax Savings (% of Interest and Property Tax)
-$332 .......... Equity Hidden in Payment
$18 .......... Lost Income to Down Payment (net of taxes)
$35 .......... Maintenance and Replacement Reserves
============================================
$1,622 .......... Monthly Cost of Ownership

Cash Acquisition Demands
------------------------------------------------------------------------------
$2,799 .......... Furnishing and Move In @1%
$2,799 .......... Closing Costs @1%
$2,701 ............ Interest Points @1% of Loan
$9,797 .......... Down Payment
============================================
$18,096 .......... Total Cash Costs
$24,800 ............ Emergency Cash Reserves
============================================
$42,896 .......... Total Savings Needed

Property Details for 26152 Via Pera Mission Viejo, CA 92691
------------------------------------------------------------------------------
Beds: 3
Baths: 2
Home size: 1200
$0,000
Lot Size: 1000
Year Built: 1972
Days on Market: IHB Exclusive
------------------------------------------------------------------------------
This is a regular equity sale. It is not a short sale or bank owned property! You can be living in your new home in 30 days or less! Great private location from this private end unit perched high on a hill with views of a private wooded area and city lights through the trees. The home has been completely remodeled and includes granite counter tops, updated lighting, new baseboards, casing, doors, remodeled bathrooms and much more! This is a fantastic opportunity to own a completely remodeled home in a unique location.

You will not find this property on the MLS. For exclusive access contact us a sales@idealhomebrokers.com.

Come by our open house from 11-2 on Saturday 12 June 2010.


real estate home sales


0 comments:

Post a Comment

Note: Only a member of this blog may post a comment.

 
Real Estate © 2010 Template design by Vida de bombeiro . Powered by Blogger.
Vida de bombeiro Recipes Informatica Humor Technology Curiosidades Mensagens News Tecnology Curiosity Car News Saude Video Games Mister Colibri Diario das Mensagens Eletronica Rei Jesus News Esportes Noticias Atuais Pets Career Religion Fashion Recreation Business Education Television Programming Motosport Tech Arts Fashion Business Computer Academics Sport Design Photography Travel Ebooks Music Politic Science Education Gadget Games Ecology Fish Flowers Sociology Home Soccer Downs Center Handicraft Education Show Music Show Fashion Health Freak Drag Home Toscas Noticias dos Times Futebol Central do Coração Science Livros Politics Music Business Women Law Downloads Saude Downs Computer Downs World Tele News Wireless Tech Arts Fashion Business Computer Academics Sport Design Photography Travel Ebooks Music Politic Science Education Gadget Games Ecology Fish