Though Higher Prices Can Be Discouraging, Keep In Mind Mortgage Rates Remain Near All-Time Lows, Saving Hundreds of Thousands of Dollars

  • November 24th, 2012
  • devinlucas

With home prices back at or above the recent year’s lows, those discouraged by today’s returning prices should also keep in mind the near all-time record low mortgage rates hovering under 3.5 percent, saving borrowers hundreds of thousands of dollars compared to earlier 6 percent rates and literally millions of dollars compared to the historical […]

Foreclosed Properties Are No Longer the “Deals” They Once Were

  • November 23rd, 2012
  • devinlucas

Orange County, Newport Beach and Costa Mesa Buyers Take note – The days of a foreclosed home being sold for 20 percent or more under market value are all but gone in the Southern California and Orange County marketplaces, especially in ideal locations such as Newport Beach and Costa Mesa.  And with good reason.  Well-priced […]

Short Sales Demystified – Red Flags and Potential Pit Falls

  • November 9th, 2012
  • devinlucas

A short sale property listing – a property being listed, and potentially sold, for less than the current mortgage/debt, by agreement of the owner and lender(s) – can be a wonderful opportunity for the right, and very patient, buyer.  However, potential buyers beware, as short sales can have massive problems, pit falls, delays and be […]