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I also track Yorba Linda area..Mostly as we have been interested in the Vista Verde community. While the lots are smaller than the average YL home, they are newer and that seems to attact younger families, which is important to us. We actually made an offer on a bank foreclosure several months...

Thought I'd post an update..So we offered 650k, then 675k..House is 'still' on the market at $769k..The house went into escrow 2 weeks ago with a full price offer (not me..no way, no way in hell)..Well, surprise..surprise..It fell out of escrow and the sellers agent calls mine asking if we are...

The bank took the house back at 672k..Our offer #1 was $650..Bank countered with "Multiple Offers, Submit your Best offer." We countered with $675k..Rumor is that the bank wants over $700k but we won't offer that..

The house is now listed at $769,900..We offered 650k..They countered with "Submit Your Best Offer," claiming there is another offer on the home..We are going to offer $675k as final and best offer. The house needs landscaping done and given that the entire neighborhood was built out in 2006, I...

So the bank countered back with "Multiple Offers, Accept Your Best Offer" and indicated that a number higher than $700k is what they are looking for. Thoughts?

If the bank took this house back for $672k, for the bank to 'break even,' doesn't that mean they need to sell the house for $672 * 7% (that is total commission for buyer/seller agents)...I just dont understand how someone foreclosures on a house they paid $1.05m for when their lien was...

Thank you for the advice.. We went to look at the home again this weekend and surprisingly, there were 6 other couples looking at the home while we were there. It amazes me that we read what we do in the papers about lack of buyers, yet people swarm around foreclosures. We are going to...

http://www.redfin.com/CA/Yorba-Linda/18632-Oaklawn-Ln-92886/home/5955840 My realtor is saying with these market conditions to offer 700k and a 30 day escrow..Countrywide wants the house off of their books asap, preferably by the end of the year. Thoughts??

So do sell in this market? We paid $490k..We owe $400k and recent comps are selling at $540k..We really need to move further north (North OC) to be closer to work and desire for a bigger home as we have a growing family..Our combined income is $250k+..We keep weighing the pros and cons of 1)...

Yes, our combined income is significantly higher than 150k thus what I hear this group saying is that there is not a tax benefit to keeping our home as a rental property. Correct? What about my question about buying our move-up house..Is there anything gained by buying now versus sitting...

We have equity in our house and ideally would like to rent it out, at a loss of about $400/month..We are not overly concerned about the loss as we can comfortably afford it plus we can use the tax write-off. Are we crazy to consider a move to a Yorba Linda (Vista Verde community) at this...