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    Wall St. Finds Profits by Reducing Mortgages

    Wow, that article left my head spinning. The extent and complexity of these financial shenanigans is staggering. Will there ever be a time when the average joe, like me, can understand the residential real-estate market again?
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    Stadium Lofts

    "Those near the front of the line this morning were elated, actually jumping around when House of Pain's "Jump Around" blared through the speakers just before the office opened at 10 a.m." House of Pain the soundtrack for a home buying event? Now that's funny.
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    Looking for a good Tapa's or Paella place

    The place in Claremont is <a href="http://www.vivamadrid.com/">Viva Madrid</a>, one of my very favorite restaurants in Southern California.
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    What's going into escrow - Irvine and maybe some Tustin too

    Would someone care to explain why any wealthy foreign national would care to buy residential real estate in Irvine of all places? It just doesn't fit the image of an ideal vacation destination. Are we talking about a purely speculative play? If that's the case, it really does sound like the...
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    Negotiating Tactics/Strategy for Buyers

    You're killing me. First time home buyer shopping for nearly a million dollar house? How do you do it?
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    Woodbury 2005 home - list price $685000 sold on Jan 4 for $230934

    I wonder if that data point will be included by Zillow when calculating Zestimates for other nearby homes.
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    What's a trust?

    Thanks for the insights everyone. What I hear you saying is that it would be wrong to assume a property was inherited just because it's owned by a trust.
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    What's a trust?

    <p>Quiz Time:</p> <p>You are looking up ownership info on the OC Tax Collector's website and find the owner of parcel 123-456-78 listed as 'Doe, Jane TR'. What can you determine about Ms. Doe?</p> <p>A. She bequeathed the property in question to her child.</p> <p>B. She inherited the...
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    Today's (Feb 2nd) REDC Auction First Person Readouts

    <p>I was there for about the first three hours -- long enough to see what happened with the Irvine properties. There were five of them:</p> <p>1. 27 Oroville - 3br/3ba, 2333 sqft., sold for $860,000 on the first try, fell out of escrow within about 10-15 minutes, then sold for $810,000 on the...
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    Villages of Columbus - Columbus Grove - Clarendon

    The e-mail I received from William Lyon last week says that they now have resale homes available too. I guess that means some of the people who purchased new homes under the affordable homeownership program want out. It's my understanding that they can only sell to other buyers who meet the...
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    Any new Townhouse/Condos in Irvine w/o Mello-Roos???

    So prior to the mid 80's, who footed the bill for the infrastructure improvements mentioned?
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    Killer Credit Card Rewards

    Now that debit cards are accepted virtually everywhere, I don't have much reason to use cash or a credit card. The only times I bust out the true credit card are when they demand one (i.e. car rental counter) or when I don't fully trust the vendor and may want to contest a charge (internet and...
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    Foreclosure Auctions

    I don't know if the reserve prices are really set in stone. At the auction last summer in LA I asked one of the staffers about this. He said the high bid will always be presented to the bank who may decide to accept it even it's below the supposed reserve price. This indicates to me that the...
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    Irvine based Fisker introduces new Hybrid....

    Why is there no mention of its fuel consumption? It seems most auto makers are exploiting hybrid technology to provide more power to already over-powered vehicles rather than reducing the fuel consumption of the current fleet.
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    MOST IMPORTANT POST EVER

    Do you have a link by chance? Or do you know what cities will be most impacted?
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    Worst set of house pictures, ever?

    Too funny, Amoul. In this case, if the realtor claimed, "THIS ONE WON'T LAST LONG!!!!!!", I'd actually believe it.
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    Savings: 401(k) or in your savings account?

    <p>There was some discussion about this topic a few months ago:</p> <p><a href="http://forums.irvinehousingblog.com/discussion/187/">http://forums.irvinehousingblog.com/discussion/187/</a></p> <p>-Reid</p>
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    Stale Zestimates

    Thanks for the link, CaliGuy. After poking around on the zillow forums I learned more than I ever cared to know about Zestimates. I should have looked there first. Thanks again.
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    Stale Zestimates

    It looks like Zillow hasn't updated any of their zestimates for Orange County in over five weeks now. Last update was on 9/11 for any home I look at. In the past, it seems they updated every 2-3 week. Are they concerned about setting off a riot by exposing declines in OC property values? Or...
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