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For nearly 3,900 sq. ft, brand new for $1.2M? That is $500K less than 5-yrs old resales' in area of Tustin Ranch and North Irvine.

Graphix - I am looking to buy in the $1.5M range. I have been waiting for prices to drop and still waiting years after years. I would love to own in Newport Coast, but it's just a dream. I guess I was just talking to myself.

<p>I think we have better luck going to Las Vegas. I think the subprime mess is a conspiracy or a big old scam. After said and done, the lost money will be recouped, and more. I look around me, homes in OC are quitely selling well with little sign of distress. If interest stay same or...

graphix - wow you have great information. I just spoke to my friend, as much as she wants to back out, she is convinced that she will lose all her 15% deposit. She applied for a 75/25 loan no-qual. I think she is going to close in about a few months.

Justin - what would you do?

Help - My friend put down a 15% non-refundable deposit for a unit at Plaza Irvine for investment. Sounds to me it's going to be an unsure thing. What should she do? The builder said if she backs out, she will loose all deposit.

<p>IrvineRenter - A dear friend of mine works for NEW in the IS group - I guess he is loosing his job.</p> <p>I wonder who is the main culprit for this mess. There got to be one. I do not believe the borrow is. I know several people who are loan officers - the Prime ones are kind of so...

<p>Graphix - You are very kind to share so much information. Thank you.</p>

<p>SCHB - Thank you - Please update your walk from time to time.</p>

edyang, try Woodbury Place. Otherwise, most of private rentals have what you are looking for. Find a realtor and he/she will help you.

<p>ocprince - The buyer is a very young man (25 yr-old) who got taken advantage of from a pro-scam artist. He went through escrow and everything. It looks more like this now:</p> <p>1. The seller is a straw owner.</p> <p>2. His real estate agent is a scam-artist, who is also a broker...

<p>Title report may not show all the leans because a report is as good as the title researcher. Do you pay title search enough to get a very comprehensive one? I would not trust a free one from a friend. </p> <p>Then there are loans against the home filed just days before title search...

<p>momopi - Give yourself a raise - Oak Park plan 1 has a fair market value of $1,800 from what I see. At the rate people are renting (instead of buying), it may move up. Your rental is a townhome, Woodbury place is more of a townhome-want-a-be. If you have an agent, he/she can give you lease...

<p>momopi - Do these rates shock you too?</p> <p>http://www.rental-living.com/Communities/Woodbury-Place/Prices-And-Floorplans/</p>

<p>almon, IrvineRenter's example fit a refinancing scenario; however, new purchase homes would have to involve 4 more parties: Listing agents, Buying agents, seller, and title insurance for the loan. Several defaulted loans in the 92602 zip listed in Foreclosures.com were purchased above list...

<strong>Current Fraud Headlines Last Updated <csobj w="119" format="LongDate" locale="00000409" region="0" h="14" t="DateTime"></csobj>Tuesday, March 06, 2007...

GrewUpInIrvine - Yes, let's keep focus here. "Fraud" topic please. Your point is very taken though!

GrewUpInIrvine - So what do these price depreciation analysis tell you? I do not see anyone reporting price crashing down yet; which should occur by now, right? The short sales are selling quickly with multiple offers (I made a few attempts with decent offers and did not win any bid)

Traditionally sales jobs do not require college degree. I did not want to be in sales so off to college I went. Let's give the RE and Loan agents a break and not expecting a lot from them.

<p>I am impressed with the work of Zovall, Graphix, and ocrenter - Once exposed, I think the RE and Loan agents would be more careful to spot potential frauds and not be part of it; thus, mimize loss for everyone. Maybe I am too wishful with my thinking.</p>