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What's new at Real Estate - Orange County

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A ‘sunken lounge’
“For something over 50 years old, the contractor thought I was nuts, but we’ve been able to turn an ordinary pool into a gorgeous water feature,” Durie says. Indian white granite, sandblasted to create a nonskid patio surface, surrounds the water in rhythmic bands inter-planted with Irish moss for permeability, reducing storm runoff.
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Laguna Beach population dips
Prudential Realtor Kristine Torrance said the most likely cause is a combination of factors: people moving out of town to less expensive areas, and more people having second homes in Laguna Beach and not declaring them as their primary residences..
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Rehabbed homes are back on the market
The home on Paularino, a four-bedroom in a quiet neighborhood near Paularino Elementary School, received a new roof, landscaping, fresh paint, carpet, a bathroom remodel, remediation of water damage and appliance replacements, according to the city..
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Ask The Builder
Flashings are used both on exterior walls and primarily on roofs. They can be made from many materials, including tin, copper, galvanized metal, plastic, wood and lead. I describe them as a transitional material. When a flashing is used on a roof, it typically is used to transition from roofing material to something that’s not a roof.
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A new, new normal in real estate
Consider that on Balboa Island the median April sales price for a home jumped a whopping 59% over April 2010, while just moments away in Corona del Mar, no less desirable an area, the median year-over-year price dropped 25% but the median resale condominium priced was up 23.
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California creating mortgage fraud task force
California Atty. Gen. Kamala Harris, saying that years of unscrupulous lending still haunts the state, is creating a 25-person task force to target mortgage fraud of any size — from small operations that preyed on troubled borrowers to corporations that sold risky loans as safe investments.
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FRAUD
Handzlik added that such proof is difficult “when those executives are relying on the representation of numerous other institutions such as the ratings agencies, the lenders who gave out the mortgages in the first place, the insurance companies that backed these securities and so forth.
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LAGUNA
Torrance said that across the board, the decade showed people buying homes as investments. Even with the recent burst of the housing bubble, cities like Laguna Beach — with its proximity to the beach and art, shopping and dining attractions — have maintained relative value.
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BUILDER
this would work to shed water. Without the flashing in place, water would roll down the vinyl siding and contact the top of the fascia board. It would run along the top until it found a tiny crack and then it might flow behind the fascia. This could cause a leak indoors or start to rot the wood fascia board, the wall sheathing, or other wood indoors.
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Real Estate Matters
We need a permanent loan modification, as we have had a drastic reduction in income. We are scared of the forbearance as this means the lender can foreclose on us at the end of a six-month period. We have friends who got a loan modification while they were on unemployment and don’t understand why we can’t get one.
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