Mission Viejo CA real estate listings and homes for sale, home buying, home selling information – Century 21 Beachside on Lake Mission Viejo

Mission Viejo and Orange County, California Real Estate Blog

First Time Home Buyers $8,000 Tax Credit

June 11th, 2009 10:17 AM

FHA Tax Credit Monetization Helps Home Buyers With Upfront Costs

RISMEDIA, June 11, 2009-First-time home buyers who would otherwise qualify for the $8,000 tax credit, but don’t have the money for a down payment or closing fees, may now be able to get a loan to help cover those upfront costs.

The U.S. Department of Housing and Urban Development (HUD) announced on May 29 that the Federal Housing Administration (FHA) will allow state housing finance agencies to provide second mortgages “monetizing” the tax credit so that borrowers can use the funds toward their down payments and closing costs for the purchase of homes with FHA-insured mortgage loans.

“This is great news for thousands of families who want to take advantage of today’s low interest rates, competitive prices, great selection and the federal tax credit that is only available until Nov. 30, but could not save enough money for a down payment and closing costs,” said National Association of Home Builders Chairman Joe Robson, a home builder from Tulsa, Okla.

HUD also announced that FHA-approved lenders may purchase the tax credit from the home buyer in advance, so that the home buyer can use the funds for closing costs or to make a down payment in addition to the 3.5% minimum. Home buyers who go directly to FHA-approved lenders will still need to come up with the 3.5% minimum down payment that is required for an FHA-insured loan.

Home buyers previously would be able to use the funds from the tax credit only after filing their federal tax returns and had to come up with the pre-purchase costs on their own.

NAHB estimates that 40,000 more homes will be purchased due to the new FHA monetization program, in addition to the 160,000 sales already expected as a result of the tax credit.

The National Council of State Housing Agencies has a list of states offering first time home buyer tax credit loan programs on their website, www.ncsha.org.

For information on the $8,000 first-time home buyer tax credit, go to www.federalhousingtaxcredit.com.

http://rismedia.com/2009-06-10/fha-tax-credit-monetization-helps-home-buyers-with-upfront-costs/#ixzz0I8mwiAFX&D

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Mission Viejo Bank owned, foreclosed, homes for sale.

Call Gail for more information at 949 422-4343 or visit www.viphousesearch.com

Thu, Jun 11, 2009 10:10 AM

Residential

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 MRM-I09063059 A 1    H T Q CONDO A 25835 MARGUERITE 8104 MV MC 92692 922C3 / 1 3/3 1 1 A 780 1970 $149,900

2 S576761 A 6    H T Q SFR D 28301 Alava MV MC 92692 892F5 CR/E 2 2/2 1 2    1,457 1983 $348,000 8

3 P689291 A 3    H T Q SFR D 24461 Ardisa MV MC 92692 892F7 OTHR/X 4 3/2 2 2    1,936 1979 $518,700 13

4 S576182 A 7    H T Q CONDO A 21638 Paseo Maravia MV MN 92692 892G2 PTC2/z 2 2/2 1 2 A 1,300 1989 $330,000 11

5 S577688 A 11    H T Q SFR D 22521 Via Santa Maria MV MN 92691 892c4 BA/0 3 2/2 1 2 A 1,200 1976 $439,900 0

6 S558451 A 19    H T Q SFR D 26451 Via Logrono MV MN 92691 892B5 OTHR/C 4 3/2 2 2    2,100 1973 $532,900 159 *

7 S572926 A 1    H T Q SFR D 22605 Wakefield MV MN 92692 892F4 CLIF/3 5 4/3 2 3 A 3,442 1997 $829,900 45

8 F1810649 A 3    H T Q CONDO D 26712 Dulcinea MV MS 92691 922C5 LM/K 3 3/3 2 2    1,796 1976 $357,900 9

9 S576891 A 17    H T Q SFR D 26862 Via Grande MV MS 92691 922B5 GR/N 4 3/2 2 2 A 2,897 1969 $549,900 7

10 S577564 A 15    H T Q SFR D 26552 Brandon MV MS 92692 922D5 AR/O 4 3/2 2 2 A 1,951 1990 $585,000 2

Gail McClendon Residential Thu, Jun 11, 2009 10:14 AM Ref: 1

Condominium Attached RES Active Mission Viejo (MV) Price $149,900

Mission Viejo Central (MC) Zip 92692- TGNO 922C3

Orange County (OR) XSTS Pacific Torrace Dr

MRM-I09063059 Media: 1 Builder Tract ()

Style
Bed 1 Model ()

Baths 3 Stories One Level Floor Floor

View HOA Dues $ 285 + $

ASqFt 780 Assessor YrBlt 1970 Land Fee

ALotSize 780 Dim Acres

Prkng Carport, Garage Attached

Garage, # cars 1 A Remotes # Uncovered Spaces Carport # Garages RV Access Range Price Listing: No

BANK OWNED- REO SALE ~PROPERTY SOLD AS IS WITHOUT REPAIR OR WARRANTY.

Special Conditions: REO/Lender-Owned

Contact Information

This Report was created by:

Agent: Gail McClendon Phone: 949-422-4343 Mobile Ph: Pager: 000-0000

Office: Century 21 Beachside MV Fax: 949-597-4015 Email: viphousesearch@yahoo.com Website: www.viphousesearch.com

Listing Activity

LP/SqFt $192.18 Orig Price $ 149,900 Prev Price $ Current Price $149,900

Gail McClendon Residential Thu, Jun 11, 2009 10:14 AM Ref: 2

Single Family Residence Detached RES Active Mission Viejo (MV) Price $348,000

Mission Viejo Central (MC) Zip 92692-1628 TGNO 892F5

Orange County (OR) XSTS Alicia/Casta Del Sol, Gate #4

S576761 Media: 6 Builder Tract Casta Del Sol - Carmel (CR)

Style Contemporary
Bed 2 Model (E)

Baths 2 Stories One Level Floor Floor

View Greenbelt HOA Dues $ 301 + $ 0

ASqFt 1,457 Assessor YrBlt 1983 Estimated Land Fee

ALotSize 3,478 Estimated Dim 47x74 Acres 0.08

Prkng

Garage, # cars 2 Remotes # Uncovered Spaces Carport # Garages RV Access Range Price Listing: No

BANK OWNED PROPERTY! Single Level Home in Mission Viejo's 55+ Gated Community, Casta del Sol. Open Floor Plan With One Of The Best Locations in Tract... Direct Access Two-Car Garage With Extra Storage. Beautiful Private Atrium In Center Of Home That Adds Sunlight. Nice Kitchen With Dining Area And Patio Area. Formal Dining Room, Formal Living Room With Fireplace. Enjoy Clubhouse, Pools And Tennis Courts. Close Proximity To Casta del Sol Golf Course.

Special Conditions: REO/Lender-Owned

Contact Information

This Report was created by:

Agent: Gail McClendon Phone: 949-422-4343 Mobile Ph: Pager: 000-0000

Office: Century 21 Beachside MV Fax: 949-597-4015 Email: viphousesearch@yahoo.com Website: www.viphousesearch.com

Listing Activity

LP/SqFt $238.85 Orig Price $ 348,000 Prev Price $ 275,000 Current Price $348,000

Gail McClendon Residential Thu, Jun 11, 2009 10:14 AM Ref: 3

Single Family Residence Detached RES Active Mission Viejo (MV) Price $518,700

Mission Viejo Central (MC) Zip 92692-2204 TGNO 892F7

Orange County (OR) XSTS OLYMPIAD / ESCATRON

P689291 Media: 3 Builder Tract Other (OTHR)

Style Other
Bed 4 Model (X)

Baths 3 Stories Two Levels Floor Floor

View No View HOA Dues $ 0 + $ 0

ASqFt 1,936 Assessor YrBlt 1979 Assessor Land Fee

ALotSize 5,500 Assessor Dim Acres 0.13

Prkng

Garage, # cars 2 Remotes # Uncovered Spaces Carport # Garages RV Access Range Price Listing: No

Special Conditions: REO/Lender-Owned

Contact Information

This Report was created by:

Agent: Gail McClendon Phone: 949-422-4343 Mobile Ph: Pager: 000-0000

Office: Century 21 Beachside MV Fax: 949-597-4015 Email: viphousesearch@yahoo.com Website: www.viphousesearch.com

Listing Activity

LP/SqFt $267.92 Orig Price $ 518,700 Prev Price $ Current Price $518,700

Gail McClendon Residential Thu, Jun 11, 2009 10:14 AM Ref: 4

Condominium Attached RES Active Mission Viejo (MV) Price $330,000

Mission Viejo North (MN) Zip 92692-4963 TGNO 892G2

Orange County (OR) XSTS Santa margarita Pwky

S576182 Media: 7 Builder Tract Palmia - Courts 2 (PTC2)

Style Other
Bed 2 Model REO (z)

Baths 2 Stories One Level Floor Floor 1 of 1

View No View HOA Dues $ 431 + $ 19

ASqFt 1,300 Estimated YrBlt 1989 Estimated Land Fee

ALotSize 0 Dim Acres

Prkng Garage Attached

Garage, # cars 2 A Remotes 0 # Uncovered Spaces Carport # Garages RV Access Range Price Listing: No

One level, 2 car garage, large patio, Fireplace, open kitchen, Dining area, Walk in Closet in master, GUARD GATED COMM. 55+ community.

Special Conditions: REO/Lender-Owned

Contact Information

This Report was created by:

Agent: Gail McClendon Phone: 949-422-4343 Mobile Ph: Pager: 000-0000

Office: Century 21 Beachside MV Fax: 949-597-4015 Email: viphousesearch@yahoo.com Website: www.viphousesearch.com

Listing Activity

LP/SqFt $253.85 Orig Price $ 330,000 Prev Price $ Current Price $330,000

Gail McClendon Residential Thu, Jun 11, 2009 10:14 AM Ref: 5

Single Family Residence Detached RES Active Mission Viejo (MV) Price $439,900

Mission Viejo North (MN) Zip 92691- TGNO 892c4

Orange County (OR) XSTS Los Alisos / Via Noveno

S577688 Media: 11 Builder Tract Barcelona (North) (BA)

Style Other
Bed 3 Model (0)

Baths 2 Stories One Level Floor Floor

View Mountain View, View HOA Dues $ 0 + $ 0

ASqFt 1,200 Estimated YrBlt 1976 Estimated Land Fee

ALotSize 7,975 Estimated Dim Acres

Prkng Direct Garage Access, Driveway, Garage Attached

Garage, # cars 2 A Remotes # Uncovered Spaces Carport # Garages 2 RV Access Range Price Listing: No

Gorgeous one story house in Mission Viejo. This is a great opportunity to own a Single Family Residence. It has been completely remodeled & upgraded with new kitchen island, new kitchen cabinets, new granit countertops, new wood flooring, new vanities in both bathrooms, new windows, new faucets, new fixtures, new stainless appliances, new garage door, new paint on whole house inside and outside and new automatic sprinkler system.... the list goes on. This house has Mission Viejo Lake privledges and offers a very open floorplan, nice oversized yard for your family. Don't miss this one...It will sell quickly. (The landscaping job is almost done. Please Do Not enter the yard).

Special Conditions: REO/Lender-Owned

Contact Information

This Report was created by:

Agent: Gail McClendon Phone: 949-422-4343 Mobile Ph: Pager: 000-0000

Office: Century 21 Beachside MV Fax: 949-597-4015 Email: viphousesearch@yahoo.com Website: www.viphousesearch.com

Listing Activity

LP/SqFt $366.58 Orig Price $ 439,900 Prev Price $ Current Price $439,900

Gail McClendon Residential Thu, Jun 11, 2009 10:14 AM Ref: 6

Single Family Residence Detached RES Active Mission Viejo (MV) Price $532,900*

Mission Viejo North (MN) Zip 92691-2932 TGNO 892B5

Orange County (OR) XSTS Alicia & Via Logrono

S558451 Media: 19 Builder Tract Other (OTHR)

Style Contemporary
Bed 4 Model Custom (C)

Baths 3 Stories Two Levels Floor Floor

View Hills View HOA Dues $ 20 + $ 0

ASqFt 2,100 Estimated YrBlt 1973 Assessor Land Fee

ALotSize 7,200 Assessor Dim 60x120 Acres 0.17

Prkng Direct Garage Access, Driveway, Driveway - Concrete, Garage - Rear Entry, Guest Parking, On Street Parking

Garage, # cars 2 Remotes 0 # Uncovered Spaces Carport # Garages 1 RV Access Range Price Listing: No

The contractors own custom built home with many highend interior upgrades. The kitchen has been remodeled with stainless appliances, custom cabinets, custom woodwork and has been expanded to open on to the huge family roomaddition. The spacious familyroom has wood floors, built-in media center and french doors. Front living room has romantic fireplace, french doors, custom windows and crown molding. All bathrooms have been completely remodelled with highend appliances and plumbing fixtures. Hall bathroom was expanded to include a clawfoot tub and pedestal sink. There are 3 bedrooms and 2 baths down stairs and a large office work space. The entire second level of the home is a private master suite with large master bathroom, numerous walk-in closets and a view of the swiming pool. Lake Mission Viejo membership & facilities use. Property has a separate pool house & an unpermitted work shop on the side yard. Don't let the exterior fool you, the interior of the home is highly upgraded!

Special Conditions: REO/Lender-Owned

Contact Information

This Report was created by:

Agent: Gail McClendon Phone: 949-422-4343 Mobile Ph: Pager: 000-0000

Office: Century 21 Beachside MV Fax: 949-597-4015 Email: viphousesearch@yahoo.com Website: www.viphousesearch.com

Listing Activity

LP/SqFt $253.76 Orig Price $ 609,000 Prev Price $ 549,900 Current Price $532,900

Gail McClendon Residential Thu, Jun 11, 2009 10:14 AM Ref: 7

Single Family Residence Detached RES Active Mission Viejo (MV) Price $829,900

Mission Viejo North (MN) Zip 92692-4737 TGNO 892F4

Orange County (OR) XSTS Alicia/Rustic

S572926 Media: 1 Builder Tract Cliff Wood (CLIF)

Style Mediterranean
Bed 5 Model (3)

Baths 4 Stories Two Levels Floor Floor

View Canyon View HOA Dues $ 265 + $ 19

ASqFt 3,442 Other YrBlt 1997 Assessor Land Fee

ALotSize 6,420 Assessor Dim Acres 0.15

Prkng Garage Attached

Garage, # cars 3 A Remotes # Uncovered Spaces Carport # Garages RV Access Range Price Listing: No

Don't wait!! Great Canyon Crest home ready for a new owner! Needs minor cosmetic touch ups to make this house a home. End of cul de sac and single loaded street. Custom paint, granite counter tops, slate and travertine flooring. Nice sized rooms. One room down with formal living room and separate dining room. This is a must see! Hurry!

Special Conditions: REO/Lender-Owned

Contact Information

This Report was created by:

Agent: Gail McClendon Phone: 949-422-4343 Mobile Ph: Pager: 000-0000

Office: Century 21 Beachside MV Fax: 949-597-4015 Email: viphousesearch@yahoo.com Website: www.viphousesearch.com

Listing Activity

LP/SqFt $241.11 Orig Price $ 829,900 Prev Price $ Current Price $829,900

Gail McClendon Residential Thu, Jun 11, 2009 10:14 AM Ref: 8

Condominium Detached RES Active Mission Viejo (MV) Price $357,900

Mission Viejo South (MS) Zip 92691-5922 TGNO 922C5

Orange County (OR) XSTS Marguerite and La Mancha

F1810649 Media: 3 Builder Tract La Mancha (Pud) (LM)

Style Spanish
Bed 3 Model (K)

Baths 3 Stories Two Levels Floor Floor 1 of 2

View No View HOA Dues $ 326 + $ 0

ASqFt 1,796 Assessor YrBlt 1976 Assessor Land Fee

ALotSize 2,205 Assessor Dim 35x63 Acres 0.05

Prkng Direct Garage Access

Garage, # cars 2 Remotes # Uncovered Spaces Carport # Garages RV Access Range Price Listing: No

REO/Bank Owned. Nice move in ready 3 bedroom 3 bath townhome with 2 car garage, wood floors, stainless steel appliances, granite counter tops w/tile back splash and fireplace. Property being sold AS-IS with no warranties. HomePath Renovation Mortgage Financing available.

Special Conditions: REO/Lender-Owned

Contact Information

This Report was created by:

Agent: Gail McClendon Phone: 949-422-4343 Mobile Ph: Pager: 000-0000

Office: Century 21 Beachside MV Fax: 949-597-4015 Email: viphousesearch@yahoo.com Website: www.viphousesearch.com

Listing Activity

LP/SqFt $199.28 Orig Price $ 357,900 Prev Price $ Current Price $357,900

Gail McClendon Residential Thu, Jun 11, 2009 10:14 AM Ref: 9

Single Family Residence Detached RES Active Mission Viejo (MV) Price $549,900

Mission Viejo South (MS) Zip 92691-6135 TGNO 922B5

Orange County (OR) XSTS Marguerite & La Mancha

S576891 Media: 17 Builder Tract Granada (GR)

Style Other
Bed 4 Model Barcelona (N)

Baths 3 Stories Two Levels Floor Floor

View No View HOA Dues $ 19 + $ 0

ASqFt 2,897 Assessor YrBlt 1969 Assessor Land Fee

ALotSize 7,200 Assessor Dim 60x120 Acres 0.17

Prkng Driveway - Concrete, Garage Attached

Garage, # cars 2 A Remotes # Uncovered Spaces Carport # Garages 2 RV Access Range Price Listing: No

GREAT OPPORTUNITY!!!Spacious 4BR, 2.75BA home, that includes a huge BONUS Room! This remarkable property is nestled in Mission Viejo close to park, shopping and so much more! Enjoy the comfort and roomy feeling of the open floor plan with a gorgeous curved staircase, impressive high vaulted ceilings, travertine fireplaces, and impressive French Doors to view the private backyard of this premium lot! Don't Miss The Opportunity To Experience This Home!

Special Conditions: REO/Lender-Owned

Contact Information

This Report was created by:

Agent: Gail McClendon Phone: 949-422-4343 Mobile Ph: Pager: 000-0000

Office: Century 21 Beachside MV Fax: 949-597-4015 Email: viphousesearch@yahoo.com Website: www.viphousesearch.com

Listing Activity

LP/SqFt $189.82 Orig Price $ 549,900 Prev Price $ Current Price $549,900

Gail McClendon Residential Thu, Jun 11, 2009 10:14 AM Ref: 10

Single Family Residence Detached RES Active Mission Viejo (MV) Price $585,000

Mission Viejo South (MS) Zip 92692-4193 TGNO 922D5

Orange County (OR) XSTS Oso & Felipe

S577564 Media: 15 Builder Tract Auburn Ridge (AR)

Style Mediterranean
Bed 4 Model Other (O)

Baths 3 Stories Two Levels Floor Floor 1 of 2

View Trees/Woods View HOA Dues $ 61 + $ 111

ASqFt 1,951 Assessor YrBlt 1990 Assessor Land Fee

ALotSize 6,410 Builder Dim Acres 0.17

Prkng Direct Garage Access, Garage - Front Entry, Garage Attached

Garage, # cars 2 A Remotes # Uncovered Spaces Carport # Garages RV Access Range Price Listing: No

BANK OWNED & BEST PRICED!!! 4 bedrooms plus office/den at main floor with 2.50 baths, nice corner lot with tiled & carpet floorings, separate formal living, formal dining, family room with fireplace, breakfast nook & remodeled kitchen. Large Master bedroom with vaulted veilings, separate tub & shower, walk in closet, double sink & more. Private swimming pool, large yard, lots of trees & nice plants, priced to sell at this great neighborhood.

Special Conditions: REO/Lender-Owned

Contact Information

This Report was created by:

Agent: Gail McClendon Phone: 949-422-4343 Mobile Ph: Pager: 000-0000

Office: Century 21 Beachside MV Fax: 949-597-4015 Email: viphousesearch@yahoo.com Website: www.viphousesearch.com

Listing Activity

LP/SqFt $299.85 Orig Price $ 585,000 Prev Price $ Current Price $585,000

Go to www.viphousesearch.com for more homes or call Gail @ 949 422-4343

Posted by Gail McClendon on June 11th, 2009 10:17 AMPost a Comment (0)

May Existing-Home Sales Continue Rising Trend

June 24th, 2009 12:17 PM

RISMEDIA, June 24, 2009-Sales of existing homes showed another gain in May, benefiting from favorable affordability conditions and a first-time buyer tax credit, according to the National Association of Realtors®. May’s increase was the first back-to-back monthly gain since September 2005.

Existing-home sales-including single-family, townhomes, condominiums and co-ops-rose 2.4 percent to a seasonally adjusted annual rate of 4.77 million units in May from a downwardly revised level of 4.66 million units in April, but remained 3.6 percent below the 4.95 million-unit pace in May 2008.

Lawrence Yun, NAR chief economist, expected an improvement. “Historically low mortgage interest rates clearly drew buyers into the market, and housing remains very affordable even with a recent uptick in rates,” he said. “First-time buyers also are being drawn off the sidelines by the $8,000 tax credit, which is helping to absorb inventory. However, the increase in sales is less than expected because poor appraisals are stalling transactions. Pending home sales indicated much stronger activity, but some contracts are falling through from faulty valuations that keep buyers from getting a loan.”

According to Freddie Mac, the national average commitment rate for a 30-year, conventional, fixed-rate mortgage edged up to 4.86% in May from a record low 4.81% in April; the rate was 6.04% in May 2008. Last week, Freddie Mac reported the 30-year fixed at 5.38%; data collection began in 1971.

Total housing inventory at the end of May fell 3.5% to 3.80 million existing homes available for sale, which represents a 9.6-month supply2 at the current sales pace, down from a 10.1-month supply in April.

Yun said the appraisal problem is serious. “Lenders are using appraisers who may not be familiar with a neighborhood, or who compare traditional homes with distressed and discounted sales,” he said. “In the past month, stories of appraisal problems have been snowballing from across the country with many contracts falling through at the last moment. There is danger of a delayed housing market recovery and a further rise in foreclosures if the appraisal problems are not quickly corrected.”

An NAR practitioner survey in May showed first-time buyers accounted for 29% of transactions, and that the number of buyers looking at homes is nearly 10 percentage points higher than a year ago. “This is the time of year when we see large increases in the number of repeat buyers, who are benefitting from sales to entry-level buyers,” Yun said. “Investors appear less active, but are more prevalent in areas with large price corrections.”

NAR President Charles McMillan, a broker with Coldwell Banker Residential Brokerage in Dallas-Fort Worth, said appraisals and the tax credit are key issues. “To maximize the potential for a housing recovery and subsequent economic recovery, we need realistic appraisals that are based on proper comparisons and done by a local specialist,” he said. “In addition, the first-time buyer tax credit should be expanded to all buyers of primary homes regardless of income. Extending the credit into 2010 would allow more time for the market to catch up with underlying demand, in part because many families with children, who normally time their purchase based on school year considerations, do not have enough time to move before the start of school in late August.

“Freeing a pent-up demand in housing will absorb inventory at a faster pace, strengthen communities and stabilize home prices earlier,” McMillan said.

The national median existing-home price3 for all housing types was $173,000 in May, down 16.8% from a year earlier. Distressed properties, which declined to 33% of all sales in May from 45% in April, continue to downwardly distort the median price because they generally sell at a discount relative to traditional homes.

“The decline in the distressed sales share likely results from an increase of repeat buyers in May,” Yun said. “First-time buyers are concentrated in the lower price ranges, which include most of the distressed sales.”

Single-family home sales rose 1.9% to a seasonally adjusted annual rate of 4.25 million in May from a pace of 4.17 million in April, but are 3.0% below the 4.38 million-unit level in May 2008. The median existing single-family home price was $172,900 in May, down 16.1% from a year ago.

Existing condominium and co-op sales increased 6.1% to a seasonally adjusted annual rate of 520,000 units in May from 490,000 in April, but are 8.9% below the 571,000-unit level in May 2008. The median existing condo price4 was $173,800 in May, down 21.9% from a year earlier.

Regionally, existing-home sales in the Northeast rose 3.9% to an annual level of 800,000 in May, but are 10.1% below a year ago. The median price in the Northeast was $243,600, which is 12.5% below May 2008.

Existing-home sales in the Midwest jumped 9.0% in May to a pace of 1.09 million but are 4.4% below May 2008. The median price in the Midwest was $145,800, which is 10.4% lower than a year ago.

In the South, existing-home sales were unchanged at an annual pace of 1.74 million in May but are 8.9% below a year ago. The median price in the South was $157,400, down 9.9% from May 2008.

Existing-home sales in the West slipped 0.9% to an annual rate of 1.14 million in May, but are 11.8% higher than May 2008. The median price in the West was $197,700, down 30.6% from a year ago.

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Mission Viejo REOs, Foreclosed homes for sale;

Gail McClendon Residential Wed, Jun 24, 2009 12:12 PM Ref: 1

Condominium Attached RES Active 80 CHADRON Cir Mission Viejo (MV) Price $339,800

Ladera Ranch (LD) Zip 92694- TGNO 922E7

Orange County (OR) XSTS crown valley/cecil Aerial Map

MRM-T09067382 Media: 6 Builder Tract ()

Style
Bed 3 Model ()

Baths 3 Stories Two Levels Floor Floor

View Park or Green Belt View HOA Dues $ 190 + $ 160

ASqFt 1,470 Estimated YrBlt 2001 Land Fee

ALotSize Dim Acres

Prkng Interior Access, Garage Attached

Garage, # cars 2 A Remotes # Uncovered Spaces 2 Carport # Garages RV Access Range Price Listing: No

Great location and condition, end unit, very private. good floor plan, seperate eating area, living room with fireplace, all bedrooms upstairs, attached large 2 car garage, move in condition, completely repainted, located near front of complex easy in and out access. see remarks below regarding showing and offers.

Directions

Special Conditions: REO/Lender-Owned

Contact Information

This Report was created by:

Agent: Gail McClendon Phone: 949-422-4343 Mobile Ph: Pager: 000-0000

Office: Century 21 Beachside MV Fax: 949-597-4015 Email: viphousesearch@yahoo.com Website: www.viphousesearch.com

Listing Activity

LP/SqFt $231.16 Orig Price $ 339,800 Prev Price $ Current Price $339,800

Gail McClendon Residential Wed, Jun 24, 2009 12:12 PM Ref: 2

Condominium Attached RES Active 26023 Via Pera J2 Mission Viejo (MV) Price $206,965

Mission Viejo Central (MC) Zip 92691-2452 TGNO 892A4

Orange County (OR) XSTS Trabuco Rd/ Los Alisos Aerial Map

S579075 Media: 5 Builder Tract Other (OTHR)

Style Townhouse
Bed 3 Model (0)

Baths 2 Stories Two Levels Floor Floor 1 of 2

View No View HOA Dues $ 366 + $ 0

ASqFt 1,156 Assessor YrBlt 1971 Assessor Land Fee

ALotSize 0 Dim Acres

Prkng

Garage, # cars 1 Remotes # Uncovered Spaces Carport # Garages RV Access Range Price Listing: No

3 bed, 1.5 bath 2-story condo with attached garage. New carpet throughout, as well as new paint.

Directions Between El Toro Rd and Alicia Pkwy: From Trabuco Rd take Los Alisos Blvd South, Right onto Via Pera.

Special Conditions: REO/Lender-Owned

Contact Information

This Report was created by:

Agent: Gail McClendon Phone: 949-422-4343 Mobile Ph: Pager: 000-0000

Office: Century 21 Beachside MV Fax: 949-597-4015 Email: viphousesearch@yahoo.com Website: www.viphousesearch.com

Listing Activity

LP/SqFt $179.04 Orig Price $ 206,965 Prev Price $ Current Price $206,965

Gail McClendon Residential Wed, Jun 24, 2009 12:12 PM Ref: 3

Single Family Residence Detached RES Active 24461 Ardisa Mission Viejo (MV) Price $518,700

Mission Viejo Central (MC) Zip 92692-2204 TGNO 892F7

Orange County (OR) XSTS OLYMPIAD / ESCATRON Aerial Map

P689291 Media: 3 Builder Tract Other (OTHR)

Style Other
Bed 4 Model (X)

Baths 3 Stories Two Levels Floor Floor

View No View HOA Dues $ 0 + $ 0

ASqFt 1,936 Assessor YrBlt 1979 Assessor Land Fee

ALotSize 5,500 Assessor Dim Acres 0.13

Prkng

Garage, # cars 2 Remotes # Uncovered Spaces Carport # Garages RV Access Range Price Listing: No

Directions FROM OLYMPIAD, WEST ON ESCATRON, NORTH ON DIAMANTE, WEST (LEFT) ON ARDISA

Special Conditions: REO/Lender-Owned

Contact Information

This Report was created by:

Agent: Gail McClendon Phone: 949-422-4343 Mobile Ph: Pager: 000-0000

Office: Century 21 Beachside MV Fax: 949-597-4015 Email: viphousesearch@yahoo.com Website: www.viphousesearch.com

Listing Activity

LP/SqFt $267.92 Orig Price $ 518,700 Prev Price $ Current Price $518,700

Gail McClendon Residential Wed, Jun 24, 2009 12:12 PM Ref: 4

Single Family Residence Detached RES Active 26581 Tampico Pl Mission Viejo (MV) Price $589,900

Mission Viejo Central (MC) Zip 92691-3338 TGNO 892B6

Orange County (OR) XSTS Alicia Pkwy & Montebello Place Aerial Map

S578880 Media: 1 Builder Tract Madrid (Central) (MA)

Style Contemporary
Bed 4 Model (*)

Baths 3 Stories Two Levels Floor Floor

View No View HOA Dues $ 0 + $ 0

ASqFt 2,531 Assessor YrBlt 1972 Assessor Land Fee

ALotSize 6,460 Assessor Dim 60x94 Acres 0.15

Prkng Garage Attached

Garage, # cars 3 A Remotes 0 # Uncovered Spaces Carport # Garages RV Access Range Price Listing: No

Highly Desired Madrid Neighborhood in Mission Viejo. Excellent cul-de-sac location. Great Opportunity to own a home in South Orange County~~Mission Viejo!!! Over 2,500 square feet with a fabulous lot! THIS ONE WILL NOT LAST DO NOT HESTIATE TO MAKE THE OFFER!

Directions Alicia Pkwy, Montebello Place, Tampico Place

Special Conditions: REO/Lender-Owned

Contact Information

This Report was created by:

Agent: Gail McClendon Phone: 949-422-4343 Mobile Ph: Pager: 000-0000

Office: Century 21 Beachside MV Fax: 949-597-4015 Email: viphousesearch@yahoo.com Website: www.viphousesearch.com

Listing Activity

LP/SqFt $233.07 Orig Price $ 589,900 Prev Price $ Current Price $589,900

Gail McClendon Residential Wed, Jun 24, 2009 12:12 PM Ref: 5

Condominium Attached RES Active 26241 Las Flores D #4 Mission Viejo (MV) Price $169,900

Mission Viejo North (MN) Zip 92691-7812 TGNO 892A5

Orange County (OR) XSTS Los Alisos and Vallejo Aerial Map

S578507 Media: 9 Builder Tract Valencia (VAL)

Style Contemporary
Bed 2 Model San Vicente (D)

Baths 1 Stories One Level Floor Floor 1 of 2

View Trees/Woods View HOA Dues $ 195 + $ 19

ASqFt 812 Builder YrBlt 1981 Assessor Land Fee

ALotSize 0 Estimated Dim Acres

Prkng

Garage, # cars 0 Remotes # Uncovered Spaces 1 Carport # Garages RV Access Range Price Listing: No

Lower level end unit with a cul-de-sac location. Patio has trees/greenbelt view. Full size laundry in closet on the patio. Dining area and breakfast bar. Mirror wardrobe doors. All electric, no gas service. Assigned parking space is #4. Guest parking is located near the unit. Low tax rate. Close proximity to all amenities. Member of Lake Mission Viejo Association.

Directions Los Alisos Blvd, Vallejo, left on Las Flores, left into complex. Building on the right. Park in space #4.

Special Conditions: REO/Lender-Owned

Contact Information

This Report was created by:

Agent: Gail McClendon Phone: 949-422-4343 Mobile Ph: Pager: 000-0000

Office: Century 21 Beachside MV Fax: 949-597-4015 Email: viphousesearch@yahoo.com Website: www.viphousesearch.com

Listing Activity

LP/SqFt $209.24 Orig Price $ 169,900 Prev Price $ Current Price $169,900

Gail McClendon Residential Wed, Jun 24, 2009 12:12 PM Ref: 6

Condominium Attached RES Active 26264 Via Roble 38 Mission Viejo (MV) Price $299,900

Mission Viejo North (MN) Zip 92691-2544 TGNO 892A4

Orange County (OR) XSTS Trabuco Aerial Map

P692184 Media: 1 Builder Tract Other (OTHR)

Style Contemporary
Bed 3 Model (0)

Baths 2 Stories Two Levels Floor Floor 1 of 2

View No View HOA Dues $ 375 + $ 19

ASqFt 1,200 Assessor YrBlt 1972 Assessor Land Fee

ALotSize 0 Other Dim Acres

Prkng

Garage, # cars 1 Remotes # Uncovered Spaces Carport # Garages RV Access Range Price Listing: No

3 BR, 2 Bath condo with one car attached garage. Association allows owner use of the Mission Viejo Lake throughout the year. Large pato allows for BBQ, table and chairs.

Directions El Toro Rd, right on Trabuco, right on Via Nuez, left on Via Roble, first right then first left until 26264.

Special Conditions: REO/Lender-Owned

Contact Information

This Report was created by:

Agent: Gail McClendon Phone: 949-422-4343 Mobile Ph: Pager: 000-0000

Office: Century 21 Beachside MV Fax: 949-597-4015 Email: viphousesearch@yahoo.com Website: www.viphousesearch.com

Listing Activity

LP/SqFt $249.92 Orig Price $ 299,900 Prev Price $ Current Price $299,900

Gail McClendon Residential Wed, Jun 24, 2009 12:12 PM Ref: 7

Condominium Attached RES Active 21638 Paseo Maravia Mission Viejo (MV) Price $330,000

Mission Viejo North (MN) Zip 92692-4963 TGNO 892G2

Orange County (OR) XSTS Santa margarita Pwky Aerial Map

S576182 Media: 7 Builder Tract Palmia - Courts 2 (PTC2)

Style Other
Bed 2 Model REO (z)

Baths 2 Stories One Level Floor Floor 1 of 1

View No View HOA Dues $ 431 + $ 19

ASqFt 1,300 Estimated YrBlt 1989 Estimated Land Fee

ALotSize 0 Dim Acres

Prkng Garage Attached

Garage, # cars 2 A Remotes 0 # Uncovered Spaces Carport # Garages RV Access Range Price Listing: No

One level, 2 car garage, large patio, Fireplace, open kitchen, Dining area, Walk in Closet in master, GUARD GATED COMM. 55+ community.

Directions SEE MAP

Special Conditions: REO/Lender-Owned

Contact Information

This Report was created by:

Agent: Gail McClendon Phone: 949-422-4343 Mobile Ph: Pager: 000-0000

Office: Century 21 Beachside MV Fax: 949-597-4015 Email: viphousesearch@yahoo.com Website: www.viphousesearch.com

Listing Activity

LP/SqFt $253.85 Orig Price $ 330,000 Prev Price $ Current Price $330,000

Gail McClendon Residential Wed, Jun 24, 2009 12:12 PM Ref: 8

Single Family Residence Detached RES Active 26451 Via Logrono Mission Viejo (MV) Price $532,900*

Mission Viejo North (MN) Zip 92691-2932 TGNO 892B5

Orange County (OR) XSTS Alicia & Via Logrono Aerial Map

S558451 Media: 19 Builder Tract Other (OTHR)

Style Contemporary
Bed 4 Model Custom (C)

Baths 3 Stories Two Levels Floor Floor

View Hills View HOA Dues $ 20 + $ 0

ASqFt 2,100 Estimated YrBlt 1973 Assessor Land Fee

ALotSize 7,200 Assessor Dim 60x120 Acres 0.17

Prkng Direct Garage Access, Driveway, Driveway - Concrete, Garage - Rear Entry, Guest Parking, On Street Parking

Garage, # cars 2 Remotes 0 # Uncovered Spaces Carport # Garages 1 RV Access Range Price Listing: No

The contractors own custom built home with many highend interior upgrades. The kitchen has been remodeled with stainless appliances, custom cabinets, custom woodwork and has been expanded to open on to the huge family roomaddition. The spacious familyroom has wood floors, built-in media center and french doors. Front living room has romantic fireplace, french doors, custom windows and crown molding. All bathrooms have been completely remodelled with highend appliances and plumbing fixtures. Hall bathroom was expanded to include a clawfoot tub and pedestal sink. There are 3 bedrooms and 2 baths down stairs and a large office work space. The entire second level of the home is a private master suite with large master bathroom, numerous walk-in closets and a view of the swiming pool. Lake Mission Viejo membership & facilities use. Property has a separate pool house & an unpermitted work shop on the side yard. Don't let the exterior fool you, the interior of the home is highly upgraded!

Directions Take Alicia to Via Logrono and turn Left, go all the way to the end of the street and we're third house from the corner on the Left side.

Special Conditions: REO/Lender-Owned

Contact Information

This Report was created by:

Agent: Gail McClendon Phone: 949-422-4343 Mobile Ph: Pager: 000-0000

Office: Century 21 Beachside MV Fax: 949-597-4015 Email: viphousesearch@yahoo.com Website: www.viphousesearch.com

Listing Activity

LP/SqFt $253.76 Orig Price $ 609,000 Prev Price $ 549,900 Current Price $532,900

Gail McClendon Residential Wed, Jun 24, 2009 12:12 PM Ref: 9

Single Family Residence Detached RES Active 22605 Wakefield Mission Viejo (MV) Price $829,900

Mission Viejo North (MN) Zip 92692-4737 TGNO 892F4

Orange County (OR) XSTS Alicia/Rustic Aerial Map

S572926 Media: 1 Builder Tract Cliff Wood (CLIF)

Style Mediterranean
Bed 5 Model (3)

Baths 4 Stories Two Levels Floor Floor

View Canyon View HOA Dues $ 265 + $ 19

ASqFt 3,442 Other YrBlt 1997 Assessor Land Fee

ALotSize 6,420 Assessor Dim Acres 0.15

Prkng Garage Attached

Garage, # cars 3 A Remotes # Uncovered Spaces Carport # Garages RV Access Range Price Listing: No

Don't wait!! Great Canyon Crest home ready for a new owner! Needs minor cosmetic touch ups to make this house a home. End of cul de sac and single loaded street. Custom paint, granite counter tops, slate and travertine flooring. Nice sized rooms. One room down with formal living room and separate dining room. This is a must see! Hurry!

Directions From 5 exit Alicia go north. Left on Rustic Oak. (Guard gate show your card) Go straight and right on applegate. Right on wakefield. Go to end of cul de sac.

Special Conditions: REO/Lender-Owned

Contact Information

This Report was created by:

Agent: Gail McClendon Phone: 949-422-4343 Mobile Ph: Pager: 000-0000

Office: Century 21 Beachside MV Fax: 949-597-4015 Email: viphousesearch@yahoo.com Website: www.viphousesearch.com

Listing Activity

LP/SqFt $241.11 Orig Price $ 829,900 Prev Price $ Current Price $829,900

Gail McClendon Residential Wed, Jun 24, 2009 12:12 PM Ref: 10

Condominium Attached RES Active 27772 Berwick 21 Mission Viejo (MV) Price $289,000

Mission Viejo South (MS) Zip 92691-7414 TGNO 922C7

Orange County (OR) XSTS BERWICK/HILLSIDE Aerial Map

S578777 Media: 1 Builder Tract Highland Park Condos (HP)

Style Other
Bed 2 Model (0)

Baths 3 Stories Two Levels Floor Floor 1 of 2

View Courtyard View HOA Dues $ 263 + $ 111

ASqFt 1,194 Assessor YrBlt 1987 Assessor Land Fee

ALotSize 0 Assessor Dim Acres

Prkng

Garage, # cars 2 Remotes 0 # Uncovered Spaces Carport # Garages 2 RV Access Range Price Listing: No

Two master bedrooms, upgraded flooring, desirable location, view into courtyard.

Directions from hillside to berwick

Special Conditions: REO/Lender-Owned

Contact Information

This Report was created by:

Agent: Gail McClendon Phone: 949-422-4343 Mobile Ph: Pager: 000-0000

Office: Century 21 Beachside MV Fax: 949-597-4015 Email: viphousesearch@yahoo.com Website: www.viphousesearch.com

Listing Activity

LP/SqFt $242.04 Orig Price $ 289,000 Prev Price $ Current Price $289,000

Gail McClendon Residential Wed, Jun 24, 2009 12:12 PM Ref: 11

Condominium Detached RES Active 62 Melrose Dr Mission Viejo (MV) Price $449,900

Mission Viejo South (MS) Zip 92692-5169 TGNO 922E3

Orange County (OR) XSTS OSO PKWY Aerial Map

R903956 Media: 20 Builder Tract Melrose (MELR)

Style Contemporary
Bed 3 Model (B)

Baths 3 Stories Two Levels Floor Floor 1 of 2

View No View HOA Dues $ 153 + $ 0

ASqFt 1,483 Assessor YrBlt 1996 Assessor Land Fee

ALotSize 2,100 Estimated Dim Acres

Prkng Garage - Front Entry

Garage, # cars 2 Remotes # Uncovered Spaces Carport # Garages RV Access Range Price Listing: No

Gorgeous detached home in gated community of Melrose at Pacific Hills. Located at the end of a cul-de-sac and ready to move into. All three bedrooms are upstairs. Master bedroom with it's own bathroom and walk-in closet. Newer carpet, tile floor,custom interior paint, and crown molding. 2 story entrance into the formal living room and dining room. Family kitchen with newer stove, dish washer,new faucet and lot of storage cabinet space. The family room with cozy fire place overlooking the tranquil back patio is located just off the kitchen. Fenced back yard and side gates.Inside laundry room with newer washer and dryer that will stay without any guaranty/warranty implied or stated. Central air conditioning unit and a newer 50 gallon water heater. Spapcious 2 car garage with direct access and much much more. A must see. Please see agent's remarks below:

Directions 5 North, exit Oso Pkwy. Right on Oso Pkwy, Left on Mirasol(signal), thru gate, Right on Melrose. Property will be on the left side at end of cul-de-sac.

Special Conditions: REO/Lender-Owned

Contact Information

This Report was created by:

Agent: Gail McClendon Phone: 949-422-4343 Mobile Ph: Pager: 000-0000

Office: Century 21 Beachside MV Fax: 949-597-4015 Email: viphousesearch@yahoo.com Website: www.viphousesearch.com

Listing Activity

LP/SqFt $303.37 Orig Price $ 449,900 Prev Price $ Current Price $449,900

Gail McClendon Residential Wed, Jun 24, 2009 12:12 PM Ref: 12

Single Family Residence Detached RES Active 26552 Brandon Mission Viejo (MV) Price $585,000

Mission Viejo South (MS) Zip 92692-4193 TGNO 922D5

Orange County (OR) XSTS Oso & Felipe Aerial Map

S577564 Media: 15 Builder Tract Auburn Ridge (AR)

Style Mediterranean
Bed 4 Model Other (O)

Baths 3 Stories Two Levels Floor Floor 1 of 2

View Trees/Woods View HOA Dues $ 61 + $ 111

ASqFt 1,951 Assessor YrBlt 1990 Assessor Land Fee

ALotSize 6,410 Builder Dim Acres 0.17

Prkng Direct Garage Access, Garage - Front Entry, Garage Attached

Garage, # cars 2 A Remotes # Uncovered Spaces Carport # Garages RV Access Range Price Listing: No

BANK OWNED!!! 4 bedrooms plus office/den at main floor with 2.50 baths, nice corner lot with tiled & carpet floorings, separate formal living, formal dining, family room with fireplace, breakfast nook & remodeled kitchen. Large Master bedroom with vaulted veilings, separate tub & shower, walk in closet, double sink & more. Private swimming pool, large yard, lots of trees & nice plants, priced to sell at this great neighborhood.

Directions Oso Parkway east, right at Felipe & left at Barbadanes

Special Conditions: REO/Lender-Owned

Contact Information

This Report was created by:

Agent: Gail McClendon Phone: 949-422-4343 Mobile Ph: Pager: 000-0000

Office: Century 21 Beachside MV Fax: 949-597-4015 Email: viphousesearch@yahoo.com Website: www.viphousesearch.com

Listing Activity

LP/SqFt $299.85 Orig Price $ 585,000 Prev Price $ Current Price $585,000

To see these bank owned homes call Gail @ 949 422-4343. Also feel free to call me for a list of Bank owned homes for sale in the cities of your choice. You can visit www.viphousesearch.com to search for Foreclosed homes.

Posted by Gail McClendon on June 24th, 2009 12:17 PMPost a Comment (0)

Bank Owned, Foreclosed Homes in Rancho Santa Margarita, California

June 12th, 2009 11:08 AM

If you have any questions about these homes, would like to see them, or want a list of Bank owned homes in other cities call Gail @ 949 422-4343.

Gail McClendon Residential Fri, Jun 12, 2009 10:54 AM Ref: 1

Single Family Residence Detached RES Active 35 SUMMITCREST Rancho Santa Margarita (RSM) Price $709,000

Dove Canyon (DC) Zip 92679- TGNO 893D3

Orange County (OR) XSTS PLANO TRABUCO RD. DOVE CANYON DR. Aerial Map

S568042 Media: 10 Builder Tract Other (OTHR)

Style Other
Bed 5 Model (0)

Baths 3 Stories Two Levels Floor Floor

View Canyon View HOA Dues $ 0 + $ 0

ASqFt 3,000 Appraiser YrBlt 1990 Appraiser Land Fee

ALotSize 5,489 Appraiser Dim Acres

Prkng Garage Attached

Garage, # cars 3 A Remotes # Uncovered Spaces Carport # Garages RV Access Range Price Listing: No

GREAT HOME IN GATED COMMUNITY.

Directions PLANO TRABUCO RD. TO DOVE CANYON RD.

Special Conditions: REO/Lender-Owned

Contact Information

This Report was created by:

Agent: Gail McClendon Phone: 949-422-4343 Mobile Ph: Pager: 000-0000

Office: Century 21 Beachside MV Fax: 949-597-4015 Email: viphousesearch@yahoo.com Website: www.viphousesearch.com

Listing Activity

LP/SqFt $236.33 Orig Price $ 709,000 Prev Price $ Current Price $709,000

Gail McClendon Residential Fri, Jun 12, 2009 10:54 AM Ref: 2

Condominium Attached RES Active 10 PICA FLOR 57 Rancho Santa Margarita (RSM) Price $159,900

Rancho Santa Margarita North (R1) Zip 92688- TGNO 893B2

Orange County (OR) XSTS SANTA MARGARITA Pkwy Aerial Map

MRM-I09062578 Media: 5 Builder Tract ()

Style
Bed 2 Model ()

Baths 2 Stories One Level Floor Floor

View No View HOA Dues $ 0 + $

ASqFt 882 Assessor YrBlt Land Fee

ALotSize Dim Acres

Prkng Garage Detached

Garage, # cars 1 D Remotes # Uncovered Spaces Carport # Garages RV Access Range Price Listing: No

BANK OWNED- REO SALE ~PROPERTY SOLD AS IS WITHOUT REPAIR OR WARRANTY. Subject property is located at a very conformed community with similar condo size, year built and room counts. It is in an affluent neighborhood.

Directions

Special Conditions: REO/Lender-Owned

Contact Information

This Report was created by:

Agent: Gail McClendon Phone: 949-422-4343 Mobile Ph: Pager: 000-0000

Office: Century 21 Beachside MV Fax: 949-597-4015 Email: viphousesearch@yahoo.com Website: www.viphousesearch.com

Listing Activity

LP/SqFt $181.29 Orig Price $ 159,900 Prev Price $ Current Price $159,900

Gail McClendon Residential Fri, Jun 12, 2009 10:54 AM Ref: 3

Condominium Attached RES Active 81 Gaviota 163 Rancho Santa Margarita (RSM) Price $180,000

Rancho Santa Margarita North (R1) Zip 92688- TGNO 893B2

Orange County (OR) XSTS RSM/Alma Aldea Aerial Map

P678039 Media: 3 Builder Tract Other (OTHR)

Style Traditional
Bed 2 Model (0)

Baths 2 Stories One Level Floor Floor 1 of 2

View No View HOA Dues $ 242 + $ 0

ASqFt 737 Estimated YrBlt 1987 Estimated Land Fee

ALotSize 0 Estimated Dim Acres

Prkng

Garage, # cars 0 Remotes # Uncovered Spaces Carport 1 # Garages RV Access Range Price Listing: No

Live in beautiful Rancho Santa Margarita! This is a perfect starter condo with 2 bedrooms, 2 bathrooms, a fireplace in the living room, inside washer/dryer, and a front patio area. This a corner unit in a very private condo complex. Also has a one car carport.

Directions RSM/Alma Aldea

Special Conditions: REO/Lender-Owned

Contact Information

This Report was created by:

Agent: Gail McClendon Phone: 949-422-4343 Mobile Ph: Pager: 000-0000

Office: Century 21 Beachside MV Fax: 949-597-4015 Email: viphousesearch@yahoo.com Website: www.viphousesearch.com

Listing Activity

LP/SqFt $244.23 Orig Price $ 180,000 Prev Price $ Current Price $180,000

Gail McClendon Residential Fri, Jun 12, 2009 10:54 AM Ref: 4

Condominium Attached RES Active 110 TIMBRE Rancho Santa Margarita (RSM) Price $199,900

Rancho Santa Margarita North (R1) Zip 92688- TGNO 892H3

Orange County (OR) XSTS Santa Margarita Pkwy Aerial Map

MRM-I09056374 Media: 1 Builder Tract ()

Style
Bed 2 Model ()

Baths 2 Stories One Level Floor Floor

View No View HOA Dues $ 232 + $

ASqFt 1,000 Assessor YrBlt 1993 Land Fee

ALotSize 1,367 Dim Acres

Prkng Garage Attached

Garage, # cars 1 A Remotes # Uncovered Spaces Carport # Garages RV Access Range Price Listing: No

BANK OWNED - REO SALE - PROPERTY SOLD AS IS WITHOUT REPAIRS OR WARRANTY

Directions

Special Conditions: REO/Lender-Owned

Contact Information

This Report was created by:

Agent: Gail McClendon Phone: 949-422-4343 Mobile Ph: Pager: 000-0000

Office: Century 21 Beachside MV Fax: 949-597-4015 Email: viphousesearch@yahoo.com Website: www.viphousesearch.com

Listing Activity

LP/SqFt $199.90 Orig Price $ 199,900 Prev Price $ Current Price $199,900

Gail McClendon Residential Fri, Jun 12, 2009 10:54 AM Ref: 5

Condominium Attached RES Active 15 Silktassel Rancho Santa Margarita (RSM) Price $209,800

Rancho Santa Margarita North (R1) Zip 92688-1112 TGNO 893B1

Orange County (OR) XSTS Fundadores/Via Ricardo Aerial Map

S576304 Media: 1 Builder Tract Mission Courts (R2) (MC)

Style Traditional
Bed 2 Model San Fernando (C)

Baths 3 Stories Two Levels Floor Floor 1 of 2

View Peek-A-Boo View HOA Dues $ 216 + $ 55

ASqFt 1,031 Assessor YrBlt 1987 Assessor Land Fee

ALotSize 0 Dim Acres

Prkng Garage - Single Door, Garage Detached

Garage, # cars 1 D Remotes # Uncovered Spaces Carport # Garages RV Access Range Price Listing: No

End unit 2 level condo facing greenbelt with cozy living room and fireplace, new carpet, paint, tub & some fixtures. Offering a breakfast bar and separate dining room, sliders to private patio, dual master bedrooms upstairs, peek mountain views from bedroom and living room, 2' blinds, 1-car garage and just a pleasant walk away from Santa Margarita Lake!

Directions **NO FHA IN TRACT (Withdrawn from FHA 4-9-09) Fundadores to Via Ricardo. Via Ricardo to 1st right into Mission Courts. Take first right again and then quick left to northeast corner. Subject is furthest northeast corner of tract.

Special Conditions: REO/Lender-Owned

Contact Information

This Report was created by:

Agent: Gail McClendon Phone: 949-422-4343 Mobile Ph: Pager: 000-0000

Office: Century 21 Beachside MV Fax: 949-597-4015 Email: viphousesearch@yahoo.com Website: www.viphousesearch.com

Listing Activity

LP/SqFt $203.49 Orig Price $ 209,800 Prev Price $ Current Price $209,800

Gail McClendon Residential Fri, Jun 12, 2009 10:54 AM Ref: 6

Condominium Attached RES Active 13 Cetrino Rancho Santa Margarita (RSM) Price $210,000

Rancho Santa Margarita North (R1) Zip 92688-1634 TGNO 893B2

Orange County (OR) XSTS RSM Alma Aldea Aerial Map

S577054 Media: 6 Builder Tract Belflora (BLF)

Style Mediterranean
Bed 2 Model Daisey (E)

Baths 2 Stories One Level Floor Floor 1 of 2

View Greenbelt HOA Dues $ 218 + $ 56

ASqFt 1,000 Assessor YrBlt 1989 Assessor Land Fee

ALotSize 0 Assessor Dim Acres

Prkng Garage Attached

Garage, # cars 1 A Remotes 0 # Uncovered Spaces Carport # Garages RV Access Range Price Listing: No

Great 2 bedroom, 2 bath lower unit w/direct access 1 car garage, very rare in this range. laminate floors through out and some custom base board. Hurry this won't last.

Directions Santa Margarita Pkwy to Alma Aldea

Special Conditions: REO/Lender-Owned

Contact Information

This Report was created by:

Agent: Gail McClendon Phone: 949-422-4343 Mobile Ph: Pager: 000-0000

Office: Century 21 Beachside MV Fax: 949-597-4015 Email: viphousesearch@yahoo.com Website: www.viphousesearch.com

Listing Activity

LP/SqFt $210.00 Orig Price $ 210,000 Prev Price $ Current Price $210,000

Gail McClendon Residential Fri, Jun 12, 2009 10:54 AM Ref: 7

Condominium Attached RES Active 53 Gavilan 116 Rancho Santa Margarita (RSM) Price $113,950

Rancho Santa Margarita Central (R2) Zip 92688-1601 TGNO 893B2

Orange County (OR) XSTS Santa Margarita Pkwy Aerial Map

S577483 Media: 5 Builder Tract Las Flores (R1) (LF)

Style Mediterranean
Bed 1 Model (B)

Baths 1 Stories One Level Floor Floor 2 of 2

View Greenbelt HOA Dues $ 242 + $ 46

ASqFt 560 Assessor YrBlt 1989 Assessor Land Fee

ALotSize 0 Dim Acres

Prkng

Garage, # cars 0 Remotes # Uncovered Spaces Carport 1 # Garages RV Access Range Price Listing: No

Great 1 bed/1 bath upper unit. Condo includes stacked washer/dryer, newer carpet and paint, tile kitchen counters, dishwasher and patio/deck area for entertaining.

Directions Off of Santa Margarita Pkway, East of the 241. Take Gavilan.

Special Conditions: REO/Lender-Owned

Contact Information

This Report was created by:

Agent: Gail McClendon Phone: 949-422-4343 Mobile Ph: Pager: 000-0000

Office: Century 21 Beachside MV Fax: 949-597-4015 Email: viphousesearch@yahoo.com Website: www.viphousesearch.com

Listing Activity

LP/SqFt $203.48 Orig Price $ 113,950 Prev Price $ Current Price $113,950

Gail McClendon Residential Fri, Jun 12, 2009 10:54 AM Ref: 8

Condominium Attached RES Active 11 Islay 72 Rancho Santa Margarita (RSM) Price $219,990

Rancho Santa Margarita Central (R2) Zip 92688-1100 TGNO 893B1

Orange County (OR) XSTS Fundadores/Santa Aerial Map

F1810660 Media: 3 Builder Tract Mission Courts (R1) (MC)

Style Contemporary/Modern
Bed 2 Model (C)

Baths 2 Stories One Level Floor Floor 2 of 2

View Mountain View HOA Dues $ 156 + $ 39

ASqFt 850 Assessor YrBlt 1988 Assessor Land Fee

ALotSize 0 Assessor Dim Acres

Prkng Garage Detached

Garage, # cars 1 D Remotes # Uncovered Spaces 2 Carport # Garages RV Access Range Price Listing: No

REO/Bank Owned. 2 Bedroom 2 Bath Condo. New paint throughout. New molding in living and dining room. New kitchen counter tops, stainless steel appliances, tile and wood floors and new door knobs. New master bedroom wardrobe doors and new front door. Property sold AS-IS w/no warranties. HomePath Renovation Mortgage Financing available.

Directions Fundadores/Santa Margarita Pkwy

Special Conditions: REO/Lender-Owned

Contact Information

This Report was created by:

Agent: Gail McClendon Phone: 949-422-4343 Mobile Ph: Pager: 000-0000

Office: Century 21 Beachside MV Fax: 949-597-4015 Email: viphousesearch@yahoo.com Website: www.viphousesearch.com

Listing Activity

LP/SqFt $258.81 Orig Price $ 219,990 Prev Price $ Current Price $219,990

Gail McClendon Residential Fri, Jun 12, 2009 10:54 AM Ref: 9

Condominium Attached RES Active 12 Via Esperanza Rancho Santa Margarita (RSM) Price $225,000

Rancho Santa Margarita Central (R2) Zip 92688-1941 TGNO 893C2

Orange County (OR) XSTS Antonio & Santa Margarita Pkwy Aerial Map

S563351 Media: 17 Builder Tract Mission Courts (R1) (MC)

Style Spanish
Bed 2 Model a (a)

Baths 2 Stories One Level Floor Floor 1 of 2

View Greenbelt HOA Dues $ 228 + $ 48

ASqFt 882 Assessor YrBlt 1986 Assessor Land Fee

ALotSize 882 Estimated Dim Acres

Prkng Garage - Front Entry, Garage Detached, Guest Parking, On Street Parking

Garage, # cars 1 D Remotes 1 # Uncovered Spaces Carport # Garages 1 RV Access Range Price Listing: No

Darling lower level, end unit condo walking distance to Rancho Santa Margarita Lake. Located in a beautifully maintained tract & a central part of the city. This spacious condo has 2 Master bedrooms & 2 bathrooms. Kitchen overlooks the greenbelt & was recently remodelled with new cabinets & counters. Dining area with a bay window & Familyroom has a romantic fireplace. Ample closet space & storage in the multiple linen closets & walk-in. Upgrades include Plantaion Shutters, ceiling fans, recessed lighting & lovely neutral tile flooring. Entry has an enclosed yard with room for entertaining or do your entertaining at the resort like community pool & spa area. One car garage with a built-in workshop & more storage. Ownership includes access to Rancho Santa Margarita Lake. Property located within walking distance to Lake, great schools, shopping, resturants & entertainment complex. Priced to sell quickly.

Directions Take a Right on to Antonio PKWY and a quick Left into the tract

Special Conditions: REO/Lender-Owned

Contact Information

This Report was created by:

Agent: Gail McClendon Phone: 949-422-4343 Mobile Ph: Pager: 000-0000

Office: Century 21 Beachside MV Fax: 949-597-4015 Email: viphousesearch@yahoo.com Website: www.viphousesearch.com

Listing Activity

LP/SqFt $255.10 Orig Price $ 225,000 Prev Price $ Current Price $225,000

Gail McClendon Residential Fri, Jun 12, 2009 10:54 AM Ref: 10

Single Family Residence Detached RES Active 15 Berlamo Rancho Santa Margarita (RSM) Price $475,200

Rancho Santa Margarita Central (R2) Zip 92688-2656 TGNO 892J5

Orange County (OR) XSTS Ave de Las Banderas, Camino Altozano, Coluso Aerial Map

S577209 Media: 14 Builder Tract Corazon (CORZ)

Style Other
Bed 4 Model Plan 1 (A)

Baths 3 Stories Two Levels Floor Floor 1 of 2

View No View HOA Dues $ 55 + $ 0

ASqFt 2,049 Builder YrBlt 1999 Assessor Land Fee

ALotSize 4,329 Assessor Dim Acres 0.1

Prkng Direct Garage Access, Driveway, Garage - Single Door, Garage Attached, Tandem

Garage, # cars 3 A Remotes 0 # Uncovered Spaces 0 Carport 0 # Garages 1 RV Access Range Price Listing: No

Bring your paintbrush and imagination to this one and make it your own!!! It features 4 bedrooms (all up), 2.5 baths and a 3 car tandem garage. The kitchen is in wonderful condition with a center island, wood cabinetry, granite counters, wood flooring plus recessed lighting. The kitchen opens into the family room that features a cozy fireplace and built in cabinetry for an entertainment center. The master bedroom suite features marble flooring in the bathroom, a HUGE walk in closet and separate tub and shower! It just needs paint, carpet and a 'little' TLC and it will be a great home! It does back to Banderas but that is reflected in the price!

Directions Avenida de las Banderas, turn on Camino Altozano then right on Coluso and a quick right on Berlamo. The home is located on the right hand side of the street.

Special Conditions: REO/Lender-Owned

Contact Information

This Report was created by:

Agent: Gail McClendon Phone: 949-422-4343 Mobile Ph: Pager: 000-0000

Office: Century 21 Beachside MV Fax: 949-597-4015 Email: viphousesearch@yahoo.com Website: www.viphousesearch.com

Listing Activity

LP/SqFt $231.92 Orig Price $ 475,200 Prev Price $ Current Price $475,200

Gail McClendon Residential Fri, Jun 12, 2009 10:54 AM Ref: 11

Single Family Residence Detached RES Active 32056 Camino Del Cielo Rancho Santa Margarita (RSM) Price $608,000

Rancho Cielo (RCLO) Zip 92679-3439 TGNO 893D2

Orange County (OR) XSTS SM Pkwy, Plano Trabuco, Rancho Cielo Aerial Map

S577226 Media: 10 Builder Tract Brighton Glen (BG)

Style Other
Bed 3 Model Larkspur (B)

Baths 3 Stories Two Levels Floor Floor 1 of 2

View Greenbelt, Hills View, Trees/Woods View HOA Dues $ 260 + $ 0

ASqFt 2,751 Assessor YrBlt 1990 Builder Land Fee

ALotSize 8,617 Assessor Dim Acres 0.2

Prkng Direct Garage Access, Driveway, Garage - Front Entry, Garage Attached

Garage, # cars 3 A Remotes 0 # Uncovered Spaces Carport 0 # Garages 1 RV Access Range Price Listing: No

This property is in wonderful condition and sits on a large lot with a HUGE front yard and a wrap around back yard, that affords great privacy. You enter to a formal living and dining room with used brick fireplace and plantation shutters. The kitchen and wet bar area feature wood cabinetry with glass inserts, granite counters and tumble tile backsplash plus in the kitchen stainless appliances, recessed lights and crown molding and tile flooring!! The family room has a used brick fireplace and plantation shutters. The downstairs bedroom is currently a den/study (no closet) and there is also a bedroom/bonus room upstairs which does not have a closet. The master bedroom suite includes sliding patio door to a small balcony to enjoy the privacy of the greenbelt behind, plus a large walk in closet and separate shower and tub. It truly is a wonderful fairly large home for the price!

Directions Take Santa Margarita Parkway, turn right on Plano Trabuco, left into the gated community of Rancho Cielo and then an immediate right on Camino del Cielo. Property is on the right hand side nearly to the end of Camino del Cielo.

Special Conditions: REO/Lender-Owned

Contact Information

This Report was created by:

Agent: Gail McClendon Phone: 949-422-4343 Mobile Ph: Pager: 000-0000

Office: Century 21 Beachside MV Fax: 949-597-4015 Email: viphousesearch@yahoo.com Website: www.viphousesearch.com

Listing Activity

LP/SqFt $221.01 Orig Price $ 608,000 Prev Price $ Current Price $608,000

Gail McClendon Residential Fri, Jun 12, 2009 10:54 AM Ref: 12

Condominium Attached RES Active 57 White Sands Rancho Santa Margarita (RSM) Price $300,900

Wagon Wheel (WW) Zip 92679-5352 TGNO 923A2

Orange County (OR) XSTS Oso Pkwy / Altura Aerial Map

S576252 Media: 17 Builder Tract Dakota (DAKO)

Style Traditional
Bed 2 Model Aspen (C)

Baths 3 Stories Two Levels Floor Floor 1 of 2

View Hills View, Panoramic View HOA Dues $ 179 + $ 0

ASqFt 1,010 Estimated YrBlt 1997 Estimated Land Fee

ALotSize 0 Dim Acres

Prkng Garage Detached

Garage, # cars 2 D Remotes # Uncovered Spaces Carport # Garages RV Access Range Price Listing: No

Townhome with View from Patio of Surrounding Hills & Canyon, Upgraded Ceramic Tile Flooring Throughout Lower Level, Crown Moulding, Ceiling Fans, Recessed Lighting, Inside Full Size Laundry Area, 2 Bedrooms Each With Their Own Private Bathrooms, 2 Garages, Community Pool & Spa.

Directions Take Oso Parkway to Altura, make a left on Altura and a left on Solano, left on White Sands.

Special Conditions: REO/Lender-Owned

Contact Information

This Report was created by:

Agent: Gail McClendon Phone: 949-422-4343 Mobile Ph: Pager: 000-0000

Office: Century 21 Beachside MV Fax: 949-597-4015 Email: viphousesearch@yahoo.com Website: www.viphousesearch.com

Listing Activity

LP/SqFt $297.92 Orig Price $ 300,900 Prev Price $ Current Price $300,900

Posted by Gail McClendon on June 12th, 2009 11:08 AMPost a Comment (0)

Overlooked Signs the U.S. Housing Market is Turning

June 12th, 2009 10:41 AM

By Chris PummerRISMEDIA, June 12, 2009-(MCT)-In the Sacramento Delta suburbs east of San Francisco - where home prices soared and fell as viciously as anywhere in the country - a housing market rebound is feverishly under way.

A 1,600-square foot rancher listed for $179,000 - after last selling for $425,000 in 2004 - drew multiple offers last month with a high of $210,000 in cash. The topper: The property was a “short sale” whose owner needs lender approval to sell for less than the mortgage owed-and which buyers wouldn’t touch just three months ago.

“My phone was ringing off the hook, my voice mail was on overload and people were coming into the office receptionist saying they couldn’t reach me,” said Christy Howard, a Coldwell Banker Coon and McCreary agent who listed the Antioch house. “Everyone was waiting for the bottom, and the problem is they waited to long, because the bottom has already come and gone.”

Spurred by markdowns up to 80% from market highs, first-time buyers and investors both American and foreign descended en masse in the last three months on San Francisco’s hardest-hit hinterlands as Wall Street and the economic climate improved. They’re picking clean the Delta region’s banked-owned inventory as soon as properties hit the market and are engaged in unprecedented bidding wars even on short sales.

The panicked buying - fueled by buyers’ fear they’ll miss out on fire-sale prices - belies the doom-and-gloom evoked by recent reports of rising mortgage delinquency rates and foreclosure activity. It is one of several overlooked signs the U.S. housing-market turnaround has started in the nation’s hardest-hit markets, which is critical to driving an overall recovery:

- After spending most of the 1990s in the $250,000 range, the median-priced home that was sold in the seven-county San Francisco area rose to a staggering $850,000 by its May 2007 peak. It since fell to a low of $399,000 in February - a 53% drop in just 21 months - before posting its first monthly gain in March, albeit a 1% uptick. The median is expected to continue rising at a healthy clip in months ahead since it’s now at the level of nine years ago, before the bubble began inflating.

- California’s statewide inventory of unsold homes - based on the number on the market divided by the present monthly sales rate - stood at a 15.2 months supply in February, 2008. That figure was down to 5.8 months in March, near the historic average.

- At roughly 22,000 units, Las Vegas’ inventory is not far off its recent record high. Yet total sales closed in March showed flourishing demand, the fourth best on record. That monthly record - set during the height of the boom - is expected to be broken this summer.

“Things have been looking up but it’s going unnoticed,” says Forrest Barbee, a board member with the Greater Las Vegas Association of Realtors and a broker for Prudential American Group Realtors. “It’s just going to take the data a little longer to catch up with reality.” Listen to one analyst’s thoughts about housing having hit bottom.

Adds Rick Sharga, senior vice president of RealtyTrac, which compiles home sales and foreclosure data: “We’ve overshot the market in places like Las Vegas and Arizona in terms of fair value and buyers are bidding prices up again on many properties. The challenge is going to be whether there is enough financing to eat up the inventory that’s yet to come.”

The specter of rising foreclosures - born now of the recession rather than just overleveraged subprime borrowers - is the wild card in future health of the U.S. housing market and the economy by extension. Read about the difficulty borrowers are having with mortgage modifications.

The number of U.S. homeowners behind on payments or in foreclosure shattered the record in the first quarter, the Mortgage Bankers Association reported last week. Nearly one in eight mortgage holders were either delinquent or in the foreclosure process - and prime mortgages in trouble for the first time outnumbered subprime loans on a percentage basis. Read more on the record jump in foreclosures in the first quarter.

Yet the number of pending sales of existing U.S. homes took a surprising upswing in April, rising 6.7% in the biggest monthly gain in more than seven years, the National Association of Realtors reported Tuesday. That increase lags the 9.2% jump in October 2001, but that spike owed to buyers temporarily putting off home shopping following 9/11. See the latest data on pending home sales.

And in an overlooked report that belies the first-quarter delinquency numbers, defaults on privately insured mortgages - where borrowers are more than 60 days behind - fell 3% in April and were down 24% from a record 106,482 in February, the trade group Mortgage Insurance Companies of America reported Friday.

Most important for gauging the strength of the nationwide market is how conditions are improving in the most-depressed regional markets.

With those markets now stabilizing, banks are no longer anxious to dump real-estate owned properties, as houses in their foreclosure portfolios are called, fearing they’ll get appreciably less three months from now for their foreclosed properties.

As a result, they’ll be more judicious about the pace at which they release foreclosures onto the market. The new goal: To maximize the value of supplies in hand rather than unload it helter-skelter and torpedo the housing market like they did while they were shell-shocked by the devastation they’d wrought.

With the banks themselves now somewhat more stable, they’ll also be less likely to want to part with their “toxic assets” knowing the most-scorched, still-serviceable mortgages will be the most valuable on a credit-risk markup once the economy recovers. In fact, the price stabilization in the most-depressed U.S. markets will allow a clearer valuation of the toxic assets we now all hold by virtue of bank bailouts - a modicum of certainty that will hasten the overall recovery.

Homeowners in most of America know by their own property’s value that the spike in U.S. median home values was driven in considerable measure by soaring prices and volume in major markets, especially in California, Florida, Nevada and Arizona. By virtue of their climates and economic-growth rates, those four states have been on the extremes of the U.S. boom-and-bust housing cycle since the 1950s.

You can’t discount how critical an upturn in those states will be, considering they account for 46% of foreclosures nationwide. If foreclosures there are more quickly consumed as they’re starting to be now - fueled in part by foreign buyers who recognize their value - we’ll all reap a return on our bailout money a lot faster.

“The banks are getting smarter and realizing that if they don’t sell it in a short sale, they lose more money going the foreclosure route,” Barbee said.

Adds Sharga: “The banks will be very particular and thoughtful about how they’ll release new foreclosures, because they know now how flooding the market will have a disastrous effect.”

That, and if the chastened lenders would just swallow crow and pony up for rights to an encouraging Beatles song to play on their delinquent-payers’ hold line: “We can work it out.”

------------------------------

In Mission Viejo and surrounding cities there is a shortage of homes on the market for sale in all price ranges. With more buyers looking for homes and less homes on the market it has created multiple offers being seen on almost every home. Offers are being submitted at list price and over list price. This will be driving prices up. Now is the time to buy a home before interest rates and home prices go up higher.

For more information call Gail @ 949 422-4343 or visit www.viphousesearch.com

Posted by Gail McClendon on June 12th, 2009 10:41 AMPost a Comment (0)