Monthly Archives: July 2010

If You’re Rich, Watch Out for Greedy Heirs and Sharp Objects This Year

BE CAREFUL THIS YEAR AROUND GREEDY HEIRS.  There could possibly be some risk for your survival. The U.S. estate tax this year is zero, so if you die or are killed during 2010, your heirs pay the government nothing on the money you pass … Continue reading

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Mortgage Rates Remain Incredibly Low – Excellent News for Home Buyers and Investors

Home Loan and Mortgage rates remain so low and incredibly good this week.  These rates are quoted by a local Southern California mortgage broker.     Conforming Loans up to $417,000 30 Year Fixed –  4.25%  (4.37% APR) 10/1 ARM – 3.75%  … Continue reading

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Homes Listed For Sale Inventory Has Jumped – Irvine, CA, Housing Market

Homes listed for sale number has dramatically increased during the past 3 months at Irvine.   As of July 23, Irvine had 815 homes listed for sale. 145 of those were short sale listings. 33 of those homes were bank owned after … Continue reading

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South Orange County Properties Scheduled for Trustee Auction Sale After Foreclosure

Like other areas at South Orange County, San Clemente has properties in default on loans and scheduled to go to trustee sale auction after foreclosure according to legal notices.   26 Via Divertirse Amount unpaid: $1,067,826.25 Auction date: Aug. 2 Time: 3 p.m. Location: … Continue reading

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Bay Area at San Francisco Leads California in Home Price Jump from Prior Trough

The San Francisco Bay area had a huge home sold price recovery in June 2010 from trough of January 2009.  A FIFTY PERCENT HOME SOLD PRICE JUMP AT THE BAY AREA in 15 months.  WOW! It's amazing that the trough for … Continue reading

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“Replacement Cost” vs. “Market Value” to Consider on your Homeowners Insurance Policy

Friends of ours had their home destroyed by fire at Laguna Beach years ago.  They were thankful to have used "REPLACEMENT VALUE" homeowners insurance coverage, and their new home was completely rebuilt after the fire with funds made available through insurance.   Whether … Continue reading

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Home Loan Mortgage Rates Remain at Record Lows and Excellent News for Homebuyers

Home Loan and Mortgage rates remain at lowest level in decades.   Rate averages at U.S. for this week were:  30 yr fixed mtg 4.59%  15 yr fixed mtg 4.11%  5/1 ARM 3.70%  $30K home equity loan 7.35%  $30K HELOC 5.08%  … Continue reading

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Newport Beach With Great Weather, Beaches and Homes Ranked 2nd Priciest U.S. City for Buying

  Is it surprising that Newport Beach was ranked as 2nd most expensive city to buy a home by CNNMoney in its August 2010 edition of "Best Places to Live"?   Probably not. View toward west from Oceanfront homes at Newport Beach With such fantastic … Continue reading

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Orange County Great Park 5th Year Anniversary Celebration – Irvine, CA

Orange County Great Park 5th Year Anniversary Celebration – Irvine, CA Continue reading

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US government Should Not be in the Business of Mortgage Loan Modification and Foreclosure Prevention

US government should not be in the business of mortgage loan modification and foreclosure prevention. Continue reading

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