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For last two years, a major portion of my business came from selling REO Bank Owned properties in Orange County CA . The toughest part of the whole assignment is to go to someone’s home and tell them that they no longer own their home and need to
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Jan 2009 - July 2009 Many people wonder about the current conditions of Real Estate Market in Orange County CA . Here is the synopsis of last seven months Real Estate Activity. On the average, there has been a rise in the price particularly in median
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Sept. 2007 Unusual Month or Moment of Relief For Foreclosure Turmoil It is the first time in last twelve months, that foreclosure curve for Orange County CA Real Estate had turned its direction. Although, it is premature to say if it is just an isolated
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Still a Slippery Slope By Nameet Dhaiwal Realtor Orange County CA September 15, 2007 Almost a year ago, default notices and trustee sales notices started to rise. Home sales were slower in 2006 as effects of decreased affordability caused by a sudden
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By Namneet Dhaliwal, Realtor August 1, 2007 July 2007 marks as the worst month for notices of default and trustee sales in past 12 months. There were total of 1800 homes owners who got these notices. Although a small margin of error is possible due to
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Number of default properties in Orange County CA keeps on creeping up significantly every month, April 2007 being the highest when compared to last few years. April 2006 there were only 480 homes in default. We do not expect any decrease in these numbers
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Changing mortgage practices Up until recently any one could buy a house, even with FICO score of 580, and recent bankruptcy as long as it has already been cleared. Stated income, no documents and no money in the bank - one could still get a kind of loan.
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Who is to Blame? Lenders are tightening their underwriting guidelines, requiring increased FICO scores for qualification, getting rid of sub-prime loans, but for now it is too late in the scheme. It was surprising to see that big lending companies, who
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