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<p>IrvineCommuter and IrvineRenter,</p> <p>I know the fundamentals have been off for a few years and needs correction, I don't disagree. Obtuse statements like this: "I wouldn't mind a recession either" are concerning and show some level of disconnect with reality. A recession based on...

<p>Some of these posts have a disturbing masochistic tone to them. </p> <p>At the end of the year the resets will hit and things will be mush worse than they are right now.</p> <p>As Janet stated, "While I understand many of you want to see some pain inflicted on the irresponsible, I think...

<p>Most buyers do this so that they don't have to pay the closing costs out of pocket. Some may do this in order to buy down the rate on their loan.</p> <p>In some cases it is done as a way to finance furniture, paint, landscape, etc.</p>

<p>A few more lenders bite the dust today. One for sure, another couple are in serious danger.</p> <p> </p> <p> </p> <p> </p>

<p>Afternoon news. It appears there will be some additional major changes in the lending business tommorow, as well as a few more lenders going 6 feet deep. </p>

A little on the melodramatic side, these changes have been happening for 3-4 months now. Long term rates have trended downward the last 2 weeks.

Something to consider. The Marquee towers down the street have a large percentage of units for re-sale or lease. If these 3 buildings are similar which I assume they are, your lender may require a larger down payment or have an appraisal review which may cut the appraisal value of the property.

As nirvinerealtor mentioned, they buy the data from the MLS. However, it appears this data is not real time. This listing appears to be in escrow and entertaining backups offers.

That's why its humorous. During the boom when people were outbidding one another this was common paractice to entice higher bidding. No one today will even consider the top price, they will start their lowball offer from the lower number.

It is a price range, 599k to 649k, it's humorous to see this now, considering this was being done during the boom to entice bidding wars.

Why isn't he in prison?

If you do this I recommend you make sure the loan has a monthly recast feature. That way as you make principal payments or extra principal reduction payments, the loan will recast and recalculate your new interest payment based on the new lower principal balance.

Most condos in HB are on land lease, so you must factor that in as well. The townhomes on PCH however are not and are 900k to 1million.

If nothing else, this is what is going to change housing prices. This last week has been brutal and quite frankly is going to hurt many people.

<p>If you have an american express credit card you can sign up fo a service called "credit secure" that costs $11/month and allows you to see your scores without your scores being hurt(soft pull). It also send notifications of changes to your credit. </p> <p> </p>

<strong></strong> <strong>Irvine Planning Commission Considers Ban on All Private Transfer Taxes</strong> The Irvine Planning Commission will meet tonight, May 17, 2007 at 5:30 p.m. in the City Council Chambers at Irvine City Hall to consider a proposal that would ban all Private...

Common sense says there are no bubbles, only cycles.

<p>This is a private transfer tax that is allowed with no oversight and no restriction.</p> <p>Recently there was a bill propsed to prohibit this type of "tax" but was dismissed by the housing committee, you can read it here: </p> <p><a...

<p>With the info you have posted you should be able to get a 30 year fix loan in the 5.875% range. Maybe better with the seller credit towards closing costs. Furthermore, you should not have to provide income or asset verification, the loan officer should submit the loan as full documentation...

<p>Heres a headline for you: SB 670 Defeated</p> <p>"This type of tax is tied to the deed, and generally lasts forever. There are no disclosure rules, so no one has to tell the buyer about the added costs at sales time. There's no oversight of this continuing revenue stream to make sure it...