There are currently 16 homes in that have been foreclosed on in Placentia as of Easter Sunday 2009.  Nearly all the foreclosures are under $400,000.  Foreclosures (aka "reo" or "bank owned") are much different than a "short sale."  For more information on the difference, check out some of my other ActiveRain blogs where I go into great detail on this subject. To talk about any of these Placentia foreclosures or to just chat with your favorite Placentia Realtor, call Nic Petrossi at (714) 272-3646 or email me at  Npetrossi@yahoo.com Website ------------------->  CLICK HERE Sun, Apr 12, 2009 07:00 PM RES MLS # Status P V H T Q Type A/D Address City Area Zip TGNO Trct/M Bd B t/f Sty Gar SqFt Yr Blt Price DOM   1  S569588  A   6     H  T  Q  CONDO  A 1012 Reef Cir   PLA 84 92870  769C2  OTH... 04/12/2009

Here is a break-down of what is going on with different price ranges in Placentia, CA as of April 6, 2009: Under $200K 15 homes $200Ks 25 homes $300Ks 18 homes $400Ks 22 homes $500Ks 24 homes $600Ks 12 homes $700Ks 8 homes $800Ks 6 homes $900Ks 1 home $1 Million and Up 0 homes Nic Petrossi, Prudential CA Realty (714) 272-3646 Direct npetrossi@yahoo.com www.NicPetrossi.com     04/06/2009

Placentia offers some solid multiple unit rental investments in this market.  4-Plexes in particular are giving the investor very good possibilities.  In addition the lenders are set to give the lowest rates that we have seen in years -- now may be the moment, what are we waiting for ?(surely not for lower rates or prices, that is unlikely)? 04/03/2009

How would you like $18,000 for buying a home in Placentia, Yorba Linda, Brea, Fullerton or any city in Calfornia? Is this really possible?  Is there a catch? Who is pulling your leg you say?   These are all valid questions and yes we are living in on of the best times in history to buy a home in California. This is the way the $18,000 find your way to your wallet. 1.  First time buyers get $8,000 refundable credit from the Federal Government when they file their income tax.  You can file for this credit with your 2008 return or 2009.  Presently this credit is only valid for the year 2009.   2.  If you buy a brand new home the state of California will give you $10000.  This money will be available in 2009 and only until the funds budgeted for this program are available. Once they ran out... 03/31/2009

  Ron Holborn | Re/Max NOC | 714-525-0900 Valencia, Placentia, CA REO of the Day !! Placenita Pool Home !! 4BR/3BA Single Family House   offered at $475,000 Year Built 1965 Sq Footage 2,028 Bedrooms 4 Bathrooms 3 full, 0 partial Floors 2 Parking 2 Car garage Lot Size 7,280 sqft HOA/Maint $0 per month DESCRIPTION Remodeled 2 story pool house on xlnt quiet street South of Palm. Recessed lighting, textured ceilings, master with spa tub, separate shower & private sundeck, remodeled kitchen and baths, brick fireplace, great yard w/ pool & covered patio, blockwall fenced 7280 sqft lot. 4 blocks to Alta Vista County Club, 2 minutes to 57 freeway.   see additional photos below PROPERTY FEATURES Central A/C Central heat Fireplace Tile floor Family room Living room Dishwasher Balcony, Deck, or P... 03/18/2009

Veterans looking to buy real estate in Placentia may not know about the loan opportunities available to them.  Often buying a home is the first step in transitioning back to civilian life, and VA loans are one way our great nation helps veterans to do just that.  Here are some important facts about VA loans that veterans, both old and young, can use in their home search.  The Veterans Administration (VA) does not make loans.  It guarantees loans made by an approved institutional lender, much like the FHA.  The main differences between the two government programs are: 1)      Only an eligible veteran may obtain a VA loan. 2)      The VA does not require a down payment up to a certain loan amount.  Both programs were created to assist people in buying homes when the conventional loan pro... 03/13/2009

Placentia foreclosures, Placentia bank owned, Placentia reo, Placentia repo list as of March 12, 2009. Call Nic Petrossi with Prudential for info on these properties or to access any of these Placentia Homes. Nic Petrossi (714) 272-3646 cell npetrossi@yahoo.com www.NicPetrossi.com   Thu, Mar 12, 2009 09:39 AM RES MLS # Status P V H T Q Type A/D Address City Area Zip TGNO Trct/M Bd B t/f Sty Gar SqFt Yr Blt Price DOM   1  P658705  A   9     H  T  Q  SFR  D 943 Tafolla St   PLA 84 92870  769E1  OTHR/0  3  1/1  1  1 A  1,061  1923  $140,000  162  *   2  S565071  A   2     H  T  Q  SFR  D 1657 Sierra Vista Ave   PLA 84 92870  740A7  OTHR/0  2  1/1  1  0    897  1919  $145,750  15     3  S557644  A   8     H  T  Q  CONDO  A 212 S Kraemer Blvd 1608  PLA 84 92870  739F7  CNTC/0  2  1/1  1  0  ... 03/12/2009

Bel Maison Builder is Saddleback Pacific Homes. Bel Maison Year Built is 2003. Bel Maison # of Units is 102. Bel Maison Tract # is 15312. Bel Maison Floor Plans: Plan One   4 Beds, 3 Baths, 2,698 sf, 2 Car Garage Plan Two   5 Beds, 3 Baths, 2,628 sf, 3 Car Garage Plan Three  5 Beds, 4 Baths, 2,901 sf, 3 Car Garage Plan Four  5 Beds, 3 Baths, 3,192 sf, 3 Car Garage  Nic Petrossi (714) 272-3646    Prudential CA Realty npetrossi@yahoo.com www.NicPetrossi.com   03/11/2009

Do you wait until something happens to you? or do you make things happen?  That is the difference between successful agents and the ones that eventually leave the industry. Do you watch the news and get down on yourself?  Yes it happens to all of us.  Bad news sell, good news doesn't.  If you constantly watch the news you are going to have a very difficult time motivating yourself.  Read an inspirational or motivational book instead.  It is fine to be informed but not until you get pessimistic. Plan your day around activities that are conductive to reaching your goal.  Have a clear goal in mind.  Determine which activities you are good at and perfect them.  Work even harder on those that you need to improve on.   This is a great market!  And there are great opportunities for buyers, you... 03/05/2009

There are 5 things you can do when you realize you can no longer make your mortgage payments: Nothing Deed in Lieu (Hand the Title, and keys, back to bank) Short Sale Bankruptcy Loan Modification All of these options will adversely affect your credit.  However, some options ARE better than others. For example, the on the severity scale of how bad your credit will take a hit, on a scale of 1 to 10, an outright foreclosure or bankruptcy is like an 11.  The Deed in Lieu is probably the dumbest thing to do because the bank will let you stay in the home rent free for a while anyhow while you work this all out. A Loan Modification is the best route to take, but you have to know what you're doing.  There are only a handful of legitimate Loan Modification companies out there that know how to ha... 02/17/2009

There is a program out there called MAP, County of Orange Mortgage Assistance Program. To qualify, you must ... Be a first-time home buyer Depending on the number of household residents 18 and over...for a single person, they must make $52,100 or less.  For 2 people they must make $59,500 or less combined, for 3 people living in the house, they must make $66,950 or less combined, 4 people is $74,400 Be a U.S. Citizen or Permanent Resident Alien Must contribute 1% from your own funds Must complete homeownership education seminar Here's what's awesome:   You only have to come up with 1% of the purchase price as opposed to FHA's 3.5%! The program gives you $40,000 as a silent (deferred payment) downpayment assistance loan for lower-income makers for the participating cities of: Aliso Viejo... 02/17/2009

There are 5 things you can do when you realize you can no longer make your mortgage payments: Nothing Deed in Lieu (Hand the Title, and keys, back to bank) Short Sale Bankruptcy Loan Modification All of these options will adversely affect your credit.  However, some options ARE better than others. For example, the on the severity scale of how bad your credit will take a hit, on a scale of 1 to 10, an outright foreclosure or bankruptcy is like an 11.  The Deed in Lieu is probably the dumbest thing to do because the bank will let you stay in the home rent free for a while anyhow while you work this all out. A Loan Modification is the best route to take, but you have to know what you're doing.  There are only a handful of legitimate Loan Modification companies out there that know how to ha... 02/16/2009

There are 5 things you can do when you realize you can no longer make your mortgage payments: Nothing Deed in Lieu (Hand the Title, and keys, back to bank) Short Sale Bankruptcy Loan Modification All of these options will adversely affect your credit.  However, some options ARE better than others. For example, the on the severity scale of how bad your credit will take a hit, on a scale of 1 to 10, an outright foreclosure or bankruptcy is like an 11.  The Deed in Lieu is probably the dumbest thing to do because the bank will let you stay in the home rent free for a while anyhow while you work this all out. A Loan Modification is the best route to take, but you have to know what you're doing.  There are only a handful of legitimate Loan Modification companies out there that know how to ha... 02/16/2009

Placentia as a whole is just amazing.  The city offers a variety of options.  Not the least is the Placentia real estate, and for sure don't forget the great dining in downtown.  Many people drive from South County or from the beach, just to eat at the authentic Mexican restaurants.  My personal experience is that the food is exceptional, the prices are very modest, and the environment is clean, neat, and quite authentic.  Drive to downtown - it is a very nice trip. 02/11/2009

There is a program out there called MAP, County of Orange Mortgage Assistance Program. To qualify, you must ... Be a first-time home buyer Depending on the number of household residents 18 and over...for a single person, they must make $52,100 or less.  For 2 people they must make $59,500 or less combined, for 3 people living in the house, they must make $66,950 or less combined, 4 people is $74,400 Be a U.S. Citizen or Permanent Resident Alien Must contribute 1% from your own funds Must complete homeownership education seminar Here's what's awesome:   You only have to come up with 1% of the purchase price as opposed to FHA's 3.5%! The program gives you $40,000 as a silent (deferred payment) downpayment assistance loan for lower-income makers for the participating cities of: Aliso Viejo... 02/06/2009

Although Placentia is not a very large city, it has a lot happening.  Placentia real estate ownership will give the astute buyer loads of great housing opportunities as well as cultural diversity, convenient and fine dining, good schools, and a strong community spirit.  Many very good buys are now on the market, with Placentia offering one of the best prices per square foot of living space.  We are directing the real bargain hunters to look closely at Placentia. 02/04/2009

Placentia real estatemay not be as well known as some of the surrounding areas, but real estate in Placentia should definitely be in the cross-hairs of most North Orange County home buyers. People looking to move to one of the surrounding cities will often fall in love with the quiet suburban neighborhoods and all-American feel of Placentia real estate. Regardless of whether or not it was the original destination for residents, Placentia is a place that people are proud to call home. This underestimated quality helps the town rate very well on our Orange County real estate area rating system and prospective buyers really owe it to themselves to further investigate this charming city. 01/25/2009

Consumers are starting to do the math.  A 1% lower loan rate, on say a $400,000 home loan, translates into a $4000 a year savings on interest.  That is a $333 a month difference in payment.  That is not small change to the homeowner.  With loan rates now below 5% for home loans, the buyers are really getting excited about their ability to get "the" house or "more house" for the same money.  But it may not last forever -- and a raise in rates (which may come) will hurt the buyers drastically.  It is a double edged sword.  So --- buyers, now is the time to act. 01/23/2009

Below is a complete, updated list of Placentia Homes foreclosures / REO's / bank owned properties as of 1/21/2009.  Call NIC PETROSSI with Prudential CA Realty, Brea at (714) 272-3646 for access to these homes and / or referral to veteran loan brokers for a Pre-Qualification Letter. To learn more about Nic, visit his website -------->  CLICK HERE for NIC's WEBSITE   Thu, Jan 22, 2009 10:06 AM RES MLS # Status P V H T Q Type A/D Address City Area Zip TGNO Trct/M Bd B t/f Sty Gar SqFt Yr Blt Price DOM   1  P671520  A   5     H  T  Q  CONDO  A 212 S Kraemer Blvd 1607  PLA 84 92870  739F7  OTHR/0  2  1/1  1  0    845  1972  $109,900  9     2  P670947  A   3     H  T  Q  CONDO  A 212 S Kraemer Blvd 2701  PLA 84 92870  739F7  OTHR/0  3  2/1  1  0    1,052  1972  $140,000  13     3  P667973  A... 01/22/2009

As a top selling real estate agent and consultant in Placentia, CA I am excited what 2009 will be bringing us in terms of government intervention to stimulate the housing market and to curtail the short sales and foreclosures.  I have implemented proven strategies to market and sell Placentia homes even in tough market conditions.  I have / have had listings and / or sold homes in Alta Vista South, Granada Park, Villa Verdes, Placentia Knolls, and several other neighborhoods in Placentia. Visit my website ------------------------>    CLICK HERE     to learn more about me and to view my featured active listings in Placentia, to view testimonials, to view school boundary maps / lines and even to search the MLS. I look forward to meeting with you to discuss your home selling and buying ne... 01/20/2009