Ladera Ranch Discussion Thread

NEW -> Contingent Buyer Assistance Program
So... does everyone remember the article in the OCR about the foreclosure bus tour? And Doug and Soosan bought a place in San Juan Capistrano because they were "investors"? Well... Soosan was the agent on 3 Tuscany, and someone should tell her as of today the back bought this gem for $472k.

http://i-0.rfimg.us/photo/46/bigphoto/977/S540977_1.jpg

I wonder if Soosan will buy this from the bank for $599k as an "investment"?

Be sure to check out zovall's blog post on this complex back in December of 2006. Meh... back then the comments came from me, IR, ISM, and just a few other old school IHBers. My oh my, have we come a long way since those days.
 
And imagine back then that I said I'd consider it for $599k with 10 years prepaid HOAs.. bleh.. Catching that knife would have hurt. I've heard that the total HOA dues are now down to $650/month for some of these units. Better buy now before you get priced out!
 
Looks like the kool aid is running lower in Covenant Hills:

8 Mission Ridge Road

It is presently "value range" priced, but at the lower $1,800,000 it would be $300 per sq ft for a custom home.

And according to Redfin, it is a short sale even though it is just recently completed. Wow.
 
Just curious,

Does anyone know how many houses have been lost to foreclosure or short sale in Ladera since this whole economic crisis began? How can I find that figure, or does anyone have an educated guess?

What do you think those people who lost their homes are doing now? renting? I heard that a lot of people went out and bought another home with their HELOC money as a down payment, then walked away from the original home. I find that hard to believe! Banks wont let you do that, right? Can that be true?

And to think that just a few years ago, people were camping out over night to throw their money at the builder to buy a home they have never seen, or even a home that may not have been their 1st choice! I feel so bad for those families.
 
ladera1 said:
Just curious,

Does anyone know how many houses have been lost to foreclosure or short sale in Ladera since this whole economic crisis began? How can I find that figure, or does anyone have an educated guess?
Click to expand...

you can search the last year of sales on redfin, and look for unusual prices (e.g. $679, 543). easier is just to count all the sales in the past year and figure that 98% of them are FCs.

ladera1 said:
What do you think those people who lost their homes are doing now? renting? I heard that a lot of people went out and bought another home with their HELOC money as a down payment, then walked away from the original home. I find that hard to believe! Banks wont let you do that, right? Can that be true?
Click to expand...

Not anymore, but it was popular last year.
 
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