For the latest information, access the information right here through your portal to the MLS.

As for April? Even more so! Example: we listed a home for sale in Irvine, a referral from one of our wonderful neighbors. The owner did everything right….followed our recommendation to stage his home, make modest improvements to carpet and paint, and to price it right.

The result? Fifteen (15) written offers, only one of which was below asking price. The property is now in escrow at $60,000 OVER asking price. Now that’s how to sell a home in Orange County, don’t you think? Almost every offer was from a buyer intending to occupy, and most of the offers included huge downpayments. Two were all-cash offers above full price.

Real estate investors are out in force. All this extra demand is making the market more competitive for buyers, much improved for sellers.

We have helped over 1000 families close escrows…and another dozen last month!
Let’s get started! Call me at (949) 240-5892.

• Your loans must have been purchased by Fannie Mae or Freddie Mac prior to May 31, 2009, with an LTV ratio in excess of 80%.
• No late payments during the previous 6 months, no more than one late during the last 12 months.
• You must be current on your loan.

Here’s an excerpt from an article in the LA Times online:

Though it was announced by the Obama administration late last year, “HARP 2.0″ — the second version of the Home Affordable Refinance Program — will finally hit full stride around the middle of this month, when Fannie Mae and Freddie Mac finish tweaking their automated underwriting systems to accept applications, and lenders and mortgage insurance companies start handling large volumes of requests.

The revisions are crucial for owners who have outstanding mortgage balances in excess of 125% of the current resale values of their homes. Under the second version of HARP, there is no upper limit on permissible loan-to-value ratios (LTVs). You can owe twice or even three times the value of your home and still qualify for a refinancing at today’s low interest rates. The earlier version imposed a limit of 125%, which cut out millions of the hardest-hit victims of the real estate bust.

Add to this relaxing image the luxury of 3 bedrooms, each with its own private bath, 3000 sqft of living space, and a 3-car garage, all in a gated enclave.

The master bedroom suite is located on the main floor in this completely remodeled and extensively upgraded home.

But this home is not in Spain! It’s right here in our own Dana Point, California! Be the first to view this gorgeous home.
Available to purchase for only $1,600,000, or for lease at $6200/mo.
Call me at (949) 240-5892!

• The changes are effective December 1, 2011
• The new rules targets homeowners who owe more than their homes are currently worth
• Mortgage must be guaranteed by Government lenders, Fannie Mae or Freddie Mac
• Mortgage must have been sold to Fannie Mae or Freddie Mac on or before May 31, 2009
• Payments must be current during the prior six months; no more than one late payment in the prior year
• Homeowners can now refinance no matter how much they owe (eliminates the 125% rule that existed)
• The changes eliminate appraisals and many underwriting requirements (in many cases)
• The new rules include/mandate waivers of many expensive upfront fees

As you can tell, there is some fine print in this program. As a great starting point, call us at (949) 240-5892 to help you determine the market value of your Danawoods home.

Then call our friend, Mike Harper, at Alpine Mortgage, 949-769-7588, who has generously offered to help, to find out how these changes to the HARP program may help your ability to refinance your particular home and take full advantage of lower interest rates.

This is a PDF document on the Federal website that outlines the new rules in greater detail.