The California Department of Real Estate say it has been alerted to cases of fraudulent short sales.  The Department of Real Estate is issuing warnings about fraudulent short sales.  As reported in The Orange County Register today by Kelli Hart. Short sales using straw buyers.  The majority of this type of sale is by an unlicensed person who wants to flip the property.  In some cases they use a short sale facilitator who looks for homes that are on the verge of foreclosure and persuades the lender to accept a low offer.  This is usually done using straw buyers, questionable or self-interested broker price opinions or appraisals and by failing ot disclose that a sale at a higher price has previously been negotiated. Secret payments to a junior lein holder outside of escrow without the k... 04/11/2010

This weeks market report for San Clemente and surrounding areas shows that Orange County Median Prices for the resale homes were up 14.8 percent, for new homes it is up 7.8 percent and for resale condos up 16.0 percent.  The sales volume is down  for resale homes 3.8 percent and up 23.3 percent on condos and up 12.6 percent for new homes. Mission Viejo  Zip Code 92691  sales prices are up 20.5 percent and the sales volume is down 6.3 percent. Mission Viejo  Zip Code 92692  sales prices are up 4.3 percent and the sales volume is up 28.6 percent. Aliso Viejo  sales prices are up 8.3 percent and the sales volume is up 28.3 percent. Laguna Niguel  sales prices are down 14.8 percent and the sales volume is up 36.1 percent. Rancho Santa Margarita  sales prices are down 6.2 percent and the sa... 04/11/2010

This weeks market report for San Clemente and surrounding areas shows that Orange County Median Prices for the resale homes were up 14.8 percent, for new homes it is up 7.8 percent and for resale condos up 16.0 percent.  The sales volume is down  for resale homes 3.8 percent and up 23.3 percent on condos and up 12.6 percent for new homes. Mission Viejo  Zip Code 92691  sales prices are up 12.8 percent and the sales volume is down 2.0 percent. Mission Viejo  Zip Code 92692  sales prices are down 17.9 percent and the sales volume is up 60.6 percent. Aliso Viejo  sales prices are up 7.8 percent and the sales volume is up 30.4 percent. Laguna Niguel  sales prices are down 9.3 percent and the sales volume is up 32.0 percent. Rancho Santa Margarita  sales prices are down 11.4 percent and the ... 04/05/2010

Saturday, April 3, 201010 am-1 pm It's the great big egg event that you just don't want to miss - Oddly shaped activities, enormous entertainers, and a gathering of things to do that will leave you speechless! Egg hunts, unlimited action, plus Mary and her little lamb, Wilbur the pig, a wandering Path of Random Facts, and the usual indulgences - like pony rides, face painters and other astounding acts of fun! Venture to the park... we promise you a Springtacular you won't forget! Pancake breakfast from 9am-12pm provided by San Clemente Kiwanis and Key Club will be available for a nominal fee. LOCATION:San Gorgonio Park2916 Via San Gorgonio San Clemente INFORMATION:949-361-8264 04/02/2010

Jumbo mortgage and super jumbo mortgages are available and are used more frenquently lately.  The percentage of homes bought with loans greater than $729,750 has been increasing and loans over $2 milion a sign that the market has taken a good turn.  Jumbo and super jumbo mortgages are up 27.8 percent for the loans issued in Feb. in this area still below the normal market.  Just 6 months ago the interest rates were around 7 to 8 percent.  Now the jumbo rate is closer to 5.75 percent.  This is especially important to the agents who work with the luxury, estate, and mansion part of the market.  The fact that the market is releasing more money in the form of Jumbo and Super Jumbo mortgages to these homes indicates the market is healing.   03/28/2010

This weeks market report for San Clemente and surrounding areas shows that Orange County Median Prices for the resale homes were up 13.6 percent, for new homes it is up 6.5 percent and for resale condos up 11.5 percent.  The sales volume is down  for resale homes 4.1 percent and up 26.3 percent on condos and up 15.7 percent for new homes.     Mission Viejo  Zip Code 92691  sales prices are up 14.9 percent and the sales volume is up 6.8 percent. Mission Viejo  Zip Code 92692  sales prices are down 20.7 percent and the sales volume is up 80.0 percent. Aliso Viejo  sales prices are down 5.3 percent and the sales volume is up 23.2 percent. Laguna Niguel  sales prices are down 4.4 percent and the sales volume is up 25.3 percent. Rancho Santa Margarita  sales prices are down 2.8 percent and ... 03/28/2010

San Clemente Real Estate, Search Affordable Beach Homes, Find A Second Home By The Beach San Clemente is one of best beach town values remaining in Southern California. Where else can you buy a single family ocean view home for $515,000? And that is not a short sale/bank owned price. A MLS Home Search finds many other options for you to choose from From the sunny cottages near the beach, to the spacious villas on the hill, all of San Clemente mixes old time beach charm with a revitalized community. There is even a Starbucks!San Clemente offers both the part time and full time resident a never ending variety of activities. Take a morning walk along the famous T-Street Beach and watch the sea gulls and the surfers. On the first Sunday of every month, head down town to Del Mar Street for t... 03/27/2010

The state of California has extended and enhanced the $10,000 tax credit for home buyers in California.  The tax credit used to only be for brand new built homes, now the tax credit includes ALL first time home buyers buying ANY type of home, new or resale.   This is great news for those first time home buyers who intend to get FHA loan to purchase their first primary residence home in California.  This credit is set to go into effect May 1st 2010 just as the $8,000 federal tax credit expires April 31st 2010.  And the California tax credit will be available through August of 2011.  The credit is 5% of the homes purchase price with a limit of $10,000.  So to get the full $10,000, you would have to purchase a home for at least $200,000.  The way tax credits work is if you paid state taxes... 03/25/2010

As of March 24, 2010 there are 380 listings in San Clemente. This includes single family homes and condos. Of these 380 listings, here is a break down by Standard Sales, REOs and Short Sales: Standard Sales: 260 listings, 68% of the market, is comprised of Standard Sales. These are Equity Sellers, meaning that they are not in default or in foreclosure. The average time it takes to sell a Standard Sale listing in San Clemente is 89 days. The average asking price of a sold Standard Sales since 1/1/2010 is $794,254.   The average sold price since 1/1/2010 is $752,630. The average price of a Standard Sale on the market today is $1,207,320. REOs: 24 listings or 6% of the market is comprised of REO properties. These homes have already been foreclosed on and taken over by the lender. REO prope... 03/25/2010

This weeks market report for San Clemente and surrounding areas shows that Orange County Median Prices for the resale homes were up 12.8 percent, for new homes it is up 6.0 percent and for resale condos up 11.8 percent.  The sales volume is down  for resale homes 4.8 percent and up 23.9 percent on condos and up 87.7 percent for new homes.   Mission Viejo  Zip Code 92691  sales prices are even 0.0 percent and the sales volume is up 11.1 percent. Mission Viejo  Zip Code 92692  sales prices are down 24.6 percent and the sales volume is up 123.8 percent. Aliso Viejo  sales prices are down 1.4 percent and the sales volume is up 29.5 percent. Laguna Niguel  sales prices are up 0.9 percent and the sales volume is up 25.4 percent. Rancho Santa Margarita  sales prices are down 14.8 percent and ... 03/21/2010

This report is for Active for Sale and Sold statistics for homes and condos in San Clemente . This article is generated by the realtor professionals at eVantage Real Estate here in Orange County, CA. Today, there are 267 detached homes for sale, which have a median price of $895,000 with an average price per square foot of $380 . These homes are priced from a low of $399,999 for a 2 bedroom, 2 bath, 1,000 square foot home situated in the subdivision tract called Central San Clemente . On up to a maximum price of $9,900,000 for a fine home boasting of 7 bedrooms, 10 baths, with 13,000 square feet of living area, which is located in the Cottons Point Tract. Currently, for attached condos there are 96 units active for sale in San Clemente . The median price of these condominiums is $430,00... 03/16/2010

This weeks market report for San Clemente and surrounding areas shows that Orange County Median Prices for the resale homes were up 12.8 percent, for new homes it is up 15.9 percent and for resale condos up 11.5 percent.  The sales volume is down  for resale homes 0.5 percent and up 13.0 percent on condos and up 58.1 percent for new homes. Mission Viejo  Zip Code 92691  sales prices are up 6.0 percent and the sales volume is down 7.4 percent. Mission Viejo  Zip Code 92692  sales prices are down 21.4 percent and the sales volume is up 68.8 percent. Aliso Viejo  sales prices are down 8.7 percent and the sales volume is up 39.6 percent. Laguna Niguel  sales prices are up 27.7 percent and the sales volume is up 29.4 percent. Rancho Santa Margarita  sales prices are up 2.2 percent and the sa... 03/14/2010

Again we have seen the new figures on unemployment and it is still going up.  5 states are over 12 percent unemployed.  I follow the stimulus money and what the Federal Government is doing with that money.  The Federal Government has not spent the stimulus money even though they ask and got more recently.  The country is going broke and it will greatly effect each and everone of us even more than it now does it something is not done.  This is not a liberal vs conservative issue.  Destroying this nation by having it go under is not political. The stimulus money has gone mostly to state and local governments.  Lets look at that for a minute.  It means that we are saving state and local programs.  It the current unemployment rate for government workers is at 3 persent.  We were promissed t... 03/11/2010

Many homeseller in California are in trouble with the state of California as the tax shocks the short sale homesellers and for those who lost their homes due to foreclosure.  A few Californians are figuring out their income tax now and are in shock at the amount of the tax bill.  California did not continue the forgiveness on the tax liability for the loan forgiveness for the whole of 2009.  The amount of tax liability can and often is over $100,000 and their 2009 tax is very high, a tax shock for the homeseller in California.  To learn more contact us. 03/11/2010

Do not forget our Vetrans the have some benefits whic include VA loans. No Down Payment Required Seller Can Pay All Closing Costs No Reserves Required No Credit Score Required 2 Year Old Bankruptcy Allowed Maximum Loan is $417,000   Yes, there is one little catch. The buyer is required to have spent time serving in a branch of the armed services of the U.S. This is also known as VA financing.   The request for VA loans are increasing however most real estate agents and lenders are not experienced with helping veterans purchase a home and obtaining financing.  The government is lenient when it comes to qualifying a veteran for a home loan, for good reason, so don't let the opportunity to sell a veteran a home pass you by.   In Orange County the maximum loan amount is $593,750. Above $417... 03/11/2010

Modifications, Short Sales, Foreclosures or Bankruptcies Impact Consumers Consumers, lenders, real estate agents and regulators alike are wondering how mortgage-related actions such as loan modifications, short sales, foreclosures or bankruptcies will impact consumers' credit profiles and, especially, their credit scores going forward. To get the answers there have been several studies made by the credit bureaus and here are some of those answers.   Loan modifications: Consumers should proactively seek out loan modifications before they experience severe delinquency in their credit file. Late payments have a far greater impact on a credit score than loan modifications.   Several types of loan modifications are Forbearance-the borrower is permitted to make substantially reduced or postpo... 03/09/2010

San Onofre State Beach San Onofre is located off the 5 Freeway, just south of San Clemente. There is the San Onofre State Park which has day use parking and camping along the old Highway 101. San Onofre is where the San Onofre Nuclear Generating Station (SONGS) is located. SONGS provides 20% of the power to more than 15 million people in Southern California. San Onofre is also home to  Trestles  which consists of several beaches and world class surfing spots. Trestles attracts a large crowd on a regular basis because it is considered to be a quality and consistent wave area. If you are visiting Trestles, you can expect to see a fair amount of surfers even during the week when there is a Southwest swell. Trestles is also home to surfing competitions as well. San Onofre is a beautiful bea... 03/07/2010

This weeks market report for San Clemente and surrounding areas shows that Orange County Median Prices for the resale homes were up 14.1 percent, for new homes it is up 12.4 percent and for resale condos up 9.3 percent.  The sales volume is up for resale homes 31.1 percent and up 27.3 percent on condos and up 5.4 percent for new homes.     Mission Viejo  Zip Code 92691  sales prices are up 7.1 percent and the sales volume is up 3.9 percent. Mission Viejo  Zip Code 92692  sales prices are down 22.6 percent and the sales volume is up 51.7 percent. Aliso Viejo  sales prices are down 10.6 percent and the sales volume is up 50.0 percent. Laguna Niguel  sales prices are up 48.2 percent and the sales volume is up 14.3 percent. Rancho Santa Margarita  sales prices are up 22.6 percent and the sa... 03/07/2010

The homebuilder rally may not be as great as we thought.  Homebuilding stocks have burst out of the gate in 2010 and are outperforming the market.  Oppenheimer and Compay's chief investment stratregist told us to hold on and not get on that train. They are not convinced that the strength is a signal of things to come and would caution investors against adding homebuilders to their portfollios.  They are afraid that the stocks got ahead of themselves.  They are concerned the tax credit benefit is driving the sales and they may not maintain there sales. So be causcious. 02/28/2010

There are fewer homes on the market than there were a year ago that is why the inventory is low in Orange County.  Local experts typically note this time to have the market take off.  The homeowners that took there homes off the market for the winter are considering re-listing them.  The problem locally is that there are more buyer than sellers at this time.  This is especially true at the lower end of the market.  The demand for homes has been very high for several months now.  The real problem is too few homes are coming on the market.  Demand has jumped up over 28 percent in recent weeks.  Highest since 2005 so hold on to your hats we could be in for a wild ride. Too get out and start looking for property just give us a call.  02/28/2010