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  1. J

    MLS Irvine Closed Sales since 1/1/2006

    This is an amazing resource, IrvineRealtor. I noticed that an entry @1/10 (21 Summer House), has a list price of 1.8 million and a sale price of 9.8 million. I have added a column that calculates price/square foot. I thought that there would be many more sales under $300/sq ft...
  2. J

    Headlines...

    <blockquote>The debate over what caused the mortgage mess and how best to fix it is now taking a sharp turn, as new problems surrounding liar's loans and payment-option mortgages reveal the pervasive fraud, lying and deceit that permeated the market at its height. As loans made to borrowers...
  3. J

    Headlines...

    Redfin has added new sort criteria to their data base: FSBO, foreclosures, closed sales. <a href="http://sev.prnewswire.com/real-estate/20080430/AQW07030042008-1.html">Redfin Press Release</a>
  4. J

    Headlines...

    <a href="http://www.businessweek.com/ap/financialnews/D90BKK7G1.htm">CA Bill Rquires lenders to Maintain Foreclosed Homes</a> <blockquote>Banks and mortgage companies face fines of $1,000 a day if they allow foreclosed homes to become run down and a source of neighborhood blight under a...
  5. J

    Buildup along Jamboree continues.

    Today is the grand opening of the In-N-Out Burger at Jamboree/Barranca. This should make the traffic flow within the District even more unbearable. They should rename it Stop-N-Sit.
  6. J

    Headlines...

    <blockquote> Realtors in many U.S. states say lenders are demanding excessively high prices before allowing distressed borrowers to offload their homes in "short sales," making the housing crisis worse. In a short sale, a borrower dumps the home at below-market value and the bank forgives...
  7. J

    What's going into escrow - Irvine and maybe some Tustin too

    Here is the Mar Vista listing under discussion: <a href="http://www.trulia.com/property/1057142404-14-Mar-Vis-Irvine-CA-92602">14 Mar Vista</a>
  8. J

    Listing descriptions that make you cringe.

    <blockquote>Washington Modle, one of the most desire floorplans in woodbridge with large lot located in Cal-DE-Sac. New paint, New vanities, new kitchen with granite counter tops, new window blinds, new air conditioning and heater. Huge master bedroom with jacuzzi bath tub and walking closet...
  9. J

    Cops at Woodbury Stop Signs

    There is a motorcycle cop posted most days @3:30 at Warner/Santa Ynez in Westpark. He hides in the shade/shrubbery and nails unsuspecting motorists for some violation or another. It is a T intersection, so maybe there are more rolling stops because of no cross traffic. I just noticed my...
  10. J

    Foreclosure and distressed property topics

    I need map-reading lessons.... :red:
  11. J

    What's going into escrow - Irvine and maybe some Tustin too

    I second lawyerliz. I click on this thread to read about escrows, not sports.
  12. J

    What is worse for your FICO? Foreclosure or short sale?

    You meant to say "in Fraudida", didn't you?
  13. J

    Considering New Home Purchase - Need Advice

    Buyers purchasing in the newly-built areas now, will be selling an old house in 20 years. They will probably hear comments such as, "I don't like the floor plan", "I don't want to re-model to bring it up to 2030 standards", "I hate hard wood and travertine---too much noise and maintenance"...
  14. J

    Considering New Home Purchase - Need Advice

    Let me add another word of advice for not overbuying a larger house than you require. It's tempting to believe that stretching to purchase a larger house now will translate into a quicker or more attractive sale in 15 to 20 years. For one thing, financing all those extra square feet and...
  15. J

    Is Tustin Fields getting killed?

    I have a question about the Mello-Roos fees, which are especially onerous for the new developments in Tustin and Irvine. Are these taxes assessed per lot, or are they always some fixed percentage of assessed valuation. If per lot, the percent of the AV will skyrocket as selling...
  16. J

    Builder won't fix a crack on my counter top

    What you are seeing in your marble is probably a fissure, which you can have filled and repaired.
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