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I need some group advice as we are in a pickle. The story will be told in generalities in case the counterparty is an IHBer. We entered contract to purchase a home in Coastal Orange County with a purchase price in the range of 1-1.5 million dollars. There was to be a 30 day escrow. We...

We are considering making an offer on a property built by a small-time builder. It is a recently completed property where the builder is in financial trouble and trying to unload the property for a small loss. What potential pitfalls does one foresee when buying a home in this situation...

I am wondering if any of you saw this home in South HB this weekend: http://www.redfin.com/CA/Huntington-Beach/9391-Gateshead-Dr-92646/home/3780937 It is a bank-owned (B of A) property at Brookhurst and Bushard. It is in reasonable shape for an REO, but I estimate that it needs 100K of...

http://www.redfin.com/CA/Newport-Beach/327-Catalina-Dr-92663/home/3244298 Can anyone comment on this property? Seems that it was bought very recently and is now back on the market for an extra 700 or 800k. Did they do a remodel or was this a distressed property that is investor owned now...

I went to an open house today in Seacliff (Huntington Beach). The house was circa 1972 and partially remodeled, and delusionally overpriced at 1.55 million for 3,000 sq. feet of paradise. What struck me was not the unappealing home, but that sitting out front was the most obnoxiously flashy...