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Real Estate Agent - ZipRealty - 1415115
sale, distressed, condo, foreclosure, shortsale, reo, bank owned, repo, saddleback, PUD, UCI, sfr, single family homes, investment, amtrac, rsm, lake forest, portola hills, foothill ranch, coto, dove, rancho cielo, walden, robinson ranch, saddleback valley, cdc, rancho colinas, ziprealty
RECENT BLOG POSTS
WASHINGTON - Nearly 400,000 homeowners will be able to get more affordable loans after Bank of America (BAC) agreed Monday to modify mortgages that originated with its Countrywide Financial unit.   The move could be worth more than $8.6 billion and mark the largest predatory lending settlement in...
10/08/2008
Basics;  A short sale is a property that is being sold for less than the owners owe on it. In order for a short sale to come off, every mortgage lender and lien holder who holds a debt secured by that property must agree to forgive some or all of that debt. Short sales can, paradoxically, take ma...
09/25/2008
Mortgage rates in Orange County plummeted this morning as markets reacted to Sunday’s news about the government takeover of the two largest buyers of U.S. home loans. The rate on a 30-year fixed-rate mortgage up to the old conforming limit of $417,000 dropped as low as 5.375% with a one-point fee...
09/09/2008
Creates a $7,500 tax credit for some first-time homebuyers for any qualified purchase between April 9, 2008 and June 30,     2009.  The credit begins to phase out for taxpayers with adjusted gross incomes in excess of $75,000 ($150,000 in the case of a joint return) and must be repaid over 15 ye...
08/01/2008
So many home searchers think auctions are the place to buy in this current market, I advise them to skip them, very few deals there and fewer safeguards for the buyer! A Corona couple that tried unsuccessfully to purchase a home at an auction of lender-owned properties has filed a lawsuit against...
07/11/2008
ZipRealty.com jumped two places to third, Yahoo Real Estate improved to second on the Hitwise top-20 list of real estate Web sites in June from May, with  and RE/MAX's remax.com sinking from second to fourth. ColdwellBanker.com dropped from 13th in May to 18th in June. Longtime category leader Re...
07/08/2008
Taking its cues from similar programs at automakers BMW and Mercedes-Benz, discount brokerage firm ZipRealty will unveil a new initiative Sunday that allows certain homes to earn "certified preowned" status, the Home Front has learned. Homes that pass a 24-point, third-party inspection will land ...
05/21/2008
ZipRealty (NASDAQ: ZIPR) (www.ziprealty.com), the largest online-based, full-service real estate brokerage in the U.S., announced today that it has rebated over $100 million to home buyers since the company was launched in 1999. Because of its efficient business model, which blends valuable, onli...
05/09/2008
In April of 1973, mortgage rates were about the same as they are today. Since that time, we have only had mortgage rates this low during 2001 and 2002, the height of the seller's markets where there was little inventory. In the last two major buyer's markets, one in the early 1980s and the other ...
04/18/2008
If you're waiting for signs of a housing bottom, join the club. Nobody blows a whistle and say, "It's time to buy!" That's why market timing is an art, not a science, but you can improve your odds of buying wisely. First, stop paying attention to the national media. Fear has sidelined buyers even...
03/26/2008
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Len Malena

OC Realtor
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