Lovely 3 Bedroom Home On Tree Lined Street- Bike Ride to The Beach!

Links Augusta Virtual Tour Photo Gallery Description 0$’s down on VA or as low as 3.5% down on FHA! Here’s your chance to own a house in the wonderful neighborhood of Mesa North. This 3 bedroom, 2 bath home features new dual pane windows, updated bathrooms and furnace as well as hardwood floors. The backyard features a covered patio and lots of room for entertaining! Don’t forget to visit the virtual tour in the links tab! Features Bedrooms: 3 Bathrooms: 2 Lot Size: 6000 Garage Size: 2 Car School District: Newport Mesa Square Footage: 1303 Agent Name: Larry Weichman Broker: Weichman Realtors Location 1188 Augusta Street Costa Mesa CA 92626 Powered by vFlyer.com vFlyer Id: 2297783

Mesa Verde 4 Bedroom- New On The Market In Costa Mesa California

Light and Bright!

Location: Costa Mesa, CA

This 4 bedroom, 2 bath home features vaulted scraped ceilings, recessed lighting and new dual pane sliding doors. Over 6,500 sq. ft. lot size contains front and rear patios. This home is surrounded by a great neighborhood, shopping, schools and freeways!

Information

Contact Information

Larry Weichman

(714) 241-4532

Contact Reply Form

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Pricing

Price: $500,000.00

Flexibility: Negotiable

Property Location

3124 Bermuda Drive
Costa Mesa, CA 92626
View Map

Features

Bedrooms: 4

Bathrooms: 2

Year Built: 1958

Lot Size: 7000

School District: Newport Mesa

Square Footage: 1610

Agent Name: Larry Weichman

Broker: Weichman Realtors

Attributes

Appliances

Range/Oven

Dishwasher

Interior Amenities

Fireplace

Vaulted Ceilings

Exterior Amenities

Patio

Fenced Yard

Grass Lawn

Secluded setting

Photo Gallery

View as SlideshowView Photo Gallery (5 Photos)

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EQUAL HOUSING OPPORTUNITY

VFLYER ID: 2370986

THE LONG AND SHORT OF IT!

THE LONG AND SHORT OF IT!

You’ve been reading negative stories about the housing market, and while some are experiencing a slowdown, it’s still no reason to keep you from pursuing the American Dream. 

Anyone who’s watched the industry for the last thirty years will tell you that it’s a natural cycle, much like the adjustments the stock market experiences.  All’s well that ends well after a period of time passes.

Remember that housing is a long-term investment.  Some people tried to create high yields over the short term, and that’s part of the reason so many markets are experiencing readjustments now.

Regardless of whether housing is up or down, individuals and families will always have a need to buy or sell.  Home sales last year actually surpassed those of five years ago, which was another record year.  Interest rates and prices are at historical lows, creating an excellent atmosphere for qualified buyers.

When reading the gloom and doom about foreclosures, it’s important to keep the reports in perspective.  Most defaults are associated with sub-prime loans, which account for less than 10% of all mortgages.  Of those, only 0.6% are currently in foreclosure.

Now is the time to turn to the advice and guidance of a trusted local real estate professional, whether you’re buying or selling.  Keep a level head and take advantage of positive forces in the current housing market.

Larry has over 15 years of experience in Bank Repos and Short Sales and non foreclosed real estate, my clients include General Electric Mortgage, Home Savings, Associates Finance, Transamerica. Current clients include Bank of America, Ocwen Financial Corporation, Countrywide and Keystone Asset Management to name a few. Larry is President of Weichman Associates located in Costa Mesa California. He has sold real estate since 1976 and is a 3rd generation Real Estate Broker. Larry has closed escrow on over 1,000 properties; from townhomes to commercial buildings. Please be sure to visit us on the Internet at www.TeamWeichman.com, www.OCHomeTracker.com or www.OCRepoBroker.com or you can call me at 714-241-4532

5 Bedroom Bank Repo! Fix and Save in Costa Mesa California!

Be the first to see this Bank Repo located on a beautiful tree lined street in Mesa Verde.  This 5 Bedroom, 3 Bath home with a family room and sparkling swimming pool is coming to the market soon!  The price is anticipated to be in the area of $750,000!

One of Orange County’s premier country clubs is located just down the street- Mesa Verde Country Club is just steps away!

Larry has over 15 years of experience in Bank Repos and Short Sales and non foreclosed real estate, my clients include General Electric Mortgage, Home Savings, Associates Finance, Transamerica. Current clients include Bank of America, Ocwen Financial Corporation, Countrywide and Keystone Asset Management to name a few. Larry is President of Weichman Associates located in Costa Mesa California. He has sold real estate since 1976 and is a 3rd generation Real Estate Broker. Larry has closed escrow on over 1,000 properties; from townhomes to commercial buildings. Please be sure to visit us on the Internet at www.TeamWeichman.com, www.OCHomeTracker.com or www.OCRepoBroker.com or you can call me at 714-241-4532

Update on Making Homes Affordable Plan

On March 4, 2009, the Obama Administration released detailed guidelines for homeowners to help them determine if they qualify for the Administration’s new Making Home Affordable plan.  This is a follow up to the Administration’s announcement on February 18 outlining their plan to stem the current tide of foreclosures and stabilize the nation’s housing markets.  

The plan has two primary goals:

1.To help homeowners in existing Fannie Mae or Freddie Mac loans that are current on their mortgage payments to refinance and take advantage of today’s lower interest rates.  Many of these homeowners are unable to refinance because of lost appreciation in their homes due to the continuing decline in home prices.  These homeowners still have equity in their home, just not the necessary 20% to get a refinance.  Under the Administration’s plan, Fannie and Freddie will be allowed to refinance qualified homeowners up to a 105 percent loan-to-value of the current value of the home.

2. To help homeowners who are at risk of foreclosure.The Administration is offering loan servicers and investors government assistance to help offset the cost of modifying qualified homeowners into affordable mortgages that will allow them to keep their homes. This may be done by reducing the mortgage interest rate, extending the term of the loan, principal forbearance, and/or principal cramdown. This program is voluntary and the servicers must agree to contracts with the Treasury to participate.

In addition, the Government warns homeowners to beware of foreclosure rescue scams:

 - There should never be a fee charged for information or assistance regarding the Making Home Affordable Program.

 - Beware of anyone who says they can “save” your home if you sign or transfer over the deed to your home. Do not sign over the deed to your property to any organization or individual unless you are working directly with your mortgage company to forgive your debt.

 - Never make your mortgage payment to anyone other than your mortgage company without their approval.

To find out if you qualify for either the Making Home Affordable Refinancing Program or the Loan Modification Program please click on the appropriate link below:

Find Out If You Qualify For the Making Home Affordable Refinance
Find Out if You Qualify For the Home Affordable Modification

Please find a list of useful resources below:

Making Home Affordable Summary of Guidelines
Making Home Affordable Borrower Q&A
Making Home Affordable Detailed Program Description
Home Affordable Modification Program Guidelines

Press Releases

Treasury Press Release
Fannie Mae Press Release
Freddie Mac Press Release

Important Contact Information:

Fannie Mae 
 - 1-800-7FANNIE (8am to 8pm EST)
 - www.fanniemae.com/homeaffordable

Freddie Mac 
 - 1-800-Freddie (8am to 8pm ESP) 
 - www.freddiemac.com/avoidforeclosure

Contact Your Mortgage Company

HUD Approved Counselors

Larry has over 15 years of experience in Bank Repos and Short Sales and non foreclosed real estate, my clients include General Electric Mortgage, Home Savings, Associates Finance, Transamerica. Current clients include Bank of America, Ocwen Financial Corporation, Countrywide and Keystone Asset Management to name a few. Larry is President of Weichman Associates located in Costa Mesa California. He has sold real estate since 1976 and is a 3rd generation Real Estate Broker. Larry has closed escrow on over 1,000 properties; from townhomes to commercial buildings. Please be sure to visit us on the Internet at www.TeamWeichman.com, www.OCHomeTracker.com or www.OCRepoBroker.com or you can call me at 714-241-4532 

 

Newly Listed 3 Bedroom Lovely Home

A Classic Single Story Home

Location: Costa Mesa, CA

0$’s down on VA or as low as 3.5% down on FHA! Here’s your chance to own a house in the wonderful neighborhood of Mesa North. This 3 bedroom, 2 bath home features new dual pane windows, updated bathrooms and furnace as well as hardwood floors. The backyard features a covered patio and lots of room for entertaining!

Information

Contact Information

Larry Weichman

(714) 241-4532

Contact Reply Form

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Pricing

Price: $525,000.00

Flexibility: Negotiable

Additional Pricing Information: 0$’s down on VA or as low as 3.5% down on FHA!

Property Location

1188 Augusta Street
Costa Mesa, CA 92626
View Map

Features

Bedrooms: 3

Bathrooms: 2

Lot Size: 6000

Garage Size: 2 Car

School District: Newport Mesa

Square Footage: 1303

Agent Name: Larry Weichman

Broker: Weichman Realtors

Attributes

Appliances

Range/Oven

Dishwasher

Interior Amenities

Fireplace

Hardwood Floors

Exterior Amenities

Patio

Fenced Yard

Grass Lawn

Secluded setting

Photo Gallery

View as SlideshowView Photo Gallery (3 Photos)

Powered by vFlyer.com

EQUAL HOUSING OPPORTUNITY

VFLYER ID: 2297783

Larry has over 15 years of experience in Bank Repos and Short Sales and non foreclosed real estate, my clients include General Electric Mortgage, Home Savings, Associates Finance, Transamerica. Current clients include Bank of America, Ocwen Financial Corporation, Countrywide and Keystone Asset Management to name a few. Larry is President of Weichman Associates located in Costa Mesa California. He has sold real estate since 1976 and is a 3rd generation Real Estate Broker. Larry has closed escrow on over 1,000 properties; from townhomes to commercial buildings. Please be sure to visit us on the Internet at www.TeamWeichman.com, www.OCHomeTracker.com or www.OCRepoBroker.com or you can call me at 714-241-4532

Right there are 9 bank owned homes in Costa Mesa that can be purchased with little or 0 $’s down!

March 4, 2009.  Right there are 9 bank owned homes in Costa Mesa that can be purchased with little or 0 $’s down!  Call for details!  714-863-5739 

Larry Weichman

Residential

Wed, Mar 4, 2009 08:06 AM

Ref: 1

Single Family Residence

Detached

RES

Active

2104 Canyon Cir

Costa Mesa (CM)

Price $885,000*

Southwest Costa Mesa (C2)	Zip 92627-6818	TGNO 770D6
Orange County (OR)	XSTS Victoria/Canyon Dr	Aerial Map
S554519	Media: 12	Builder Tract Other (OTHR)
Style Spanish
Bed 4	Model (0)
Baths 4	Stories Two Levels	Floor	Floor 1 of 2
View Canyon View	HOA Dues $ 141 + $ 0
ASqFt 2,859   Builder	YrBlt 2007  Assessor	Land Fee
ALotSize 4,191	Assessor	Dim	Acres 0.1
Prkng Garage Attached
Garage, # cars 2 A	Remotes	# Uncovered Spaces	Carport	# Garages	RV Access	Range Price Listing: No

Beautiful 4 bedroom, 3.5 bath upgraded home in a nice tract just off Victoria. This home is 1 year old and has never been lived in! It has granite counters, dual master suites, SS Double oven/microwave, wet bar and cabinets in the dining room, extensive use of travertine and ceramic tile, hardwood floors, wall to wall carpet upstairs, jacuzzi tub in the master bath and much much more! Unfinished landscaping in rear yard.

Directions From Placentia, west to Canyon Dr, left on Canyon Cir

Special Conditions: REO/Lender-Owned

Contact Information

This Report was created by:
Agent: Larry Weichman	Phone: 714-444-4663	Mobile Ph: 714-863-5739	Pager:
Office: Weichman Realtors	Fax: Mongo Fax	Email: larry@teamweichman.com	Website: www.TeamWeichman.com	Blog WSite  activerain.com/blogs/larryweichman

Listing Activity

LP/SqFt $309.55

Orig Price $ 939,000

Prev Price $ 899,000

Current Price $885,000

---

 

Larry Weichman

Residential

Wed, Mar 4, 2009 08:06 AM

Ref: 2

Condominium

Attached

RES

Active

1421 Deauville Pl

Costa Mesa (CM)

Price $274,900

South Coast Metro (C3)	Zip 92626-2627	TGNO 858J4
Orange County (OR)	XSTS Gisler/College	Aerial Map
S564550	Media: 8	Builder Tract Other (OTHR)
Style Contemporary
Bed 2	Model (A)
Baths 3	Stories Two Levels	Floor	Floor 1 of 2
View Greenbelt	HOA Dues $ 220 + $ 0
ASqFt 1,010   Assessor	YrBlt 1964  Assessor	Land Fee
ALotSize 1,368	Assessor	Dim	Acres 0.03
Prkng Garage – Rear Entry, Parking Space
Garage, # cars 2	Remotes	# Uncovered Spaces	Carport	# Garages	RV Access	Range Price Listing: No

TURNKEY TURNKEY TURNKEY!!! Great end unit in quiet community. Two level property, living room, kitchen, and half bathroom on first level and 2 bedrooms upstairs. Great hardwood floors. Laundry hook ups in garage. Short walk to community pool and clubhouse.

Directions West on Baker, North on College, Left on Deauville.

Special Conditions: REO/Lender-Owned

Contact Information

This Report was created by:
Agent: Larry Weichman	Phone: 714-444-4663	Mobile Ph: 714-863-5739	Pager:
Office: Weichman Realtors	Fax: Mongo Fax	Email: larry@teamweichman.com	Website: www.TeamWeichman.com	Blog WSite  activerain.com/blogs/larryweichman

Listing Activity

LP/SqFt $272.18

Orig Price $ 274,900

Prev Price $

Current Price $274,900

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Larry Weichman

Residential

Wed, Mar 4, 2009 08:06 AM

Ref: 3

Condominium

Attached

RES

Active

762 Wingate Bay 12

Costa Mesa (CM)

Price $289,900

South Coast Metro (C3)	Zip 92626-2977	TGNO 859C5
Orange County (OR)	XSTS Baker/Bristol	Aerial Map
S565332	Media: 8	Builder Tract Pentridge Cove II (PRCV)
Style Cape Cod
Bed 1	Model (*)
Baths 1	Stories Split Level	Floor	Floor 2 of 2
View Creek/Stream View	HOA Dues $ 360 + $ 0
ASqFt 864   Assessor	YrBlt 1980  Assessor	Land Fee
ALotSize 0	Estimated	Dim	Acres
Prkng Garage Detached
Garage, # cars 2 D	Remotes	# Uncovered Spaces	Carport	# Garages	RV Access	Range Price Listing: No

Gorgeous upgraded unit with custom travertine tile-work in bathroom and kitchen! Stainless steel appliances, Roman tub, wood laminate flooring, custom paint, plantation shutters, slate fireplace, crown moulding, wainscoting in bedroom and a finished crawl-space above kitchen.

Directions Baker, rt on Randolph, lft on Wingate

Special Conditions: REO/Lender-Owned

Contact Information

This Report was created by:
Agent: Larry Weichman	Phone: 714-444-4663	Mobile Ph: 714-863-5739	Pager:
Office: Weichman Realtors	Fax: Mongo Fax	Email: larry@teamweichman.com	Website: www.TeamWeichman.com	Blog WSite  activerain.com/blogs/larryweichman

Listing Activity

LP/SqFt $335.53

Orig Price $ 289,900

Prev Price $

Current Price $289,900

---

Larry Weichman

Residential

Wed, Mar 4, 2009 08:06 AM

Ref: 4

Condominium

Attached

RES

Active

260 Victoria St 7

Costa Mesa (CM)

Price $224,900*

Central Costa Mesa (C4)	Zip 92627-6013	TGNO 889A2
Orange County (OR)	XSTS Newport / Victoria	Aerial Map
P659366	Media: 4	Builder Tract Other (OTHR)
Style Contemporary
Bed 3	Model (0)
Baths 3	Stories Two Levels	Floor	Floor 1 of 2
View Pool View	HOA Dues $ 295 + $ 0
ASqFt 1,257   Assessor	YrBlt 1984  Assessor	Land Fee
ALotSize 0		Dim	Acres
Prkng Subterranean Parking
Garage, # cars 1	Remotes	# Uncovered Spaces	Carport	# Garages	RV Access	Range Price Listing: No

THIS IS UNIT ‘A-1′…3-Bedroom, 2.5-Bath, end unit with pool view. Gated underground parking; Tiled kitchen & baths; Pergo flooring on 1st level; Berber carpet on the 2nd level. Pool & spa in gated community. Property will not qualify for financing due to high HOA delinquency rate. Cash offers only!

Directions West on Newport Ave., turn right (west) on Victoria

Special Conditions: REO/Lender-Owned

Contact Information

This Report was created by:
Agent: Larry Weichman	Phone: 714-444-4663	Mobile Ph: 714-863-5739	Pager:
Office: Weichman Realtors	Fax: Mongo Fax	Email: larry@teamweichman.com	Website: www.TeamWeichman.com	Blog WSite  activerain.com/blogs/larryweichman

Listing Activity

LP/SqFt $178.92

Orig Price $ 310,000

Prev Price $ 245,000

Current Price $224,900

 

Larry Weichman

Residential

Wed, Mar 4, 2009 08:06 AM

Ref: 5

Condominium

Attached

RES

Active

260 Victoria St H3

Costa Mesa (CM)

Price $247,500*

Central Costa Mesa (C4)	Zip 92627-6004	TGNO 889A2
Orange County (OR)	XSTS N/Victoria & W/Newport Blvd	Aerial Map
U8004337	Media: 10	Builder Tract Other (OTHR)
Style Townhouse
Bed 2	Model (0)
Baths 3	Stories Two Levels	Floor	Floor 1 of 2
View No View	HOA Dues $ 295 + $ 0
ASqFt 920   Assessor	YrBlt 1984  Assessor	Land Fee
ALotSize 0	Assessor	Dim	Acres
Prkng Assigned Parking, Subterranean Parking
Garage, # cars 0	Remotes	# Uncovered Spaces	Carport 2	# Garages	RV Access	Range Price Listing: No

CHECK OUT this 2BR/2.5BA townhome with a ‘Cape Cod’ design in well maintained security gated community of ‘Victoria Gardens’. Kitchen features newer stainless steel appliances & tan tile flooring. Master bedroom has cathedral ceilings, private bath & walk-in closet. Living room has a gas fireplace & there is a hall laundry closet on 2nd floor. Easy access to 55 Newport Freeway, close to shopping and only approx.4 miles north of Beach!

Directions North on Victoria, enter through Security gate, turn left and park in guest parking. Unit backs guest parking.

Special Conditions: REO/Lender-Owned

Contact Information

This Report was created by:
Agent: Larry Weichman	Phone: 714-444-4663	Mobile Ph: 714-863-5739	Pager:
Office: Weichman Realtors	Fax: Mongo Fax	Email: larry@teamweichman.com	Website: www.TeamWeichman.com	Blog WSite  activerain.com/blogs/larryweichman

Listing Activity

LP/SqFt $269.02

Orig Price $ 294,000

Prev Price $ 262,500

Current Price $247,500

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Larry Weichman

Residential

Wed, Mar 4, 2009 08:06 AM

Ref: 6

Single Family Residence

Detached

RES

Active

3001 Harding Way

Costa Mesa (CM)

Price $399,900

Central Costa Mesa (C4)	Zip 92626-2845	TGNO 859B5
Orange County (OR)	XSTS Baker/Grant	Aerial Map
P677485	Media: 7	Builder Tract Other (OTHR)
Style Traditional
Bed 4	Model (0)
Baths 2	Stories One Level	Floor	Floor
View No View	HOA Dues $ 0 + $ 0
ASqFt 1,426   Assessor	YrBlt 1962  Assessor	Land Fee
ALotSize 6,435	Assessor	Dim 65×99	Acres 0.15
Prkng Garage Attached
Garage, # cars 2 A	Remotes	# Uncovered Spaces	Carport	# Garages	RV Access	Range Price Listing: No

Beautiful home, newer remodeled kitchen, 4 bedrooms plus bonus room. Home located close to shopping and freeways, quiet neighborhood, must see!

Directions Baker/Grant

Special Conditions: REO/Lender-Owned

Contact Information

This Report was created by:
Agent: Larry Weichman	Phone: 714-444-4663	Mobile Ph: 714-863-5739	Pager:
Office: Weichman Realtors	Fax: Mongo Fax	Email: larry@teamweichman.com	Website: www.TeamWeichman.com	Blog WSite  activerain.com/blogs/larryweichman

Listing Activity

LP/SqFt $280.43

Orig Price $ 399,900

Prev Price $

Current Price $399,900

---

 

Larry Weichman

Residential

Wed, Mar 4, 2009 08:06 AM

Ref: 7

Single Family Residence

Detached

RES

Active

285 Princeton Dr

Costa Mesa (CM)

Price $498,900*

Central Costa Mesa (C4)	Zip 92626-6161	TGNO 859A7
Orange County (OR)	XSTS S. HARBOR BLVD. & E. PRINCETON DR.	Aerial Map
S564292	Media: 16	Builder Tract College Park (COLP)
Style Ranch
Bed 3	Model (A)
Baths 2	Stories One Level	Floor	Floor
View No View	HOA Dues $ 0 + $ 0
ASqFt 1,600   Assessor	YrBlt 1957  Assessor	Land Fee
ALotSize 6,695	Assessor	Dim 64×104	Acres 0.15
Prkng Direct Garage Access, Driveway, Driveway – Concrete, Garage – Front Entry, Garage – Single Door, Garage Attached, Garage Door Opener, Interior Access, Off Street Parking, On Street Parking, Side by Side Parking
Garage, # cars 2 A	Remotes 1	# Uncovered Spaces	Carport	# Garages	RV Access	Range Price Listing: No

GREAT OPPORTUNITY TO BUY A BEAUTIFUL FULLY REMODELED 3 BEDROOM 2 BATH 2 CAR GARAGE SINGLE STORY HOME IN QUIET INTERIOR TRACT LOCATION NEAR SHOPPING, SCHOOLS AND PUBLIC TRANSPORATION. HIGH CEILINGS THROUGHOUT THE HOME, NEWER WINDOWS AND FRENCH DOORS, COMBINATION OF WOOD + TILE & CARPET FLOORING SURFACES. HUGE GOURMET KITCHEN WITH GRANITE COUNTER TOPS, NEWER WOOD CABINETS WITH TONS OF STORAGE SPACE, DINING/SERVING BAR WITH SEATING FOR 4, SMOOTH SURFACE ELECTRIC STOVE, BUILT-IN MICROWAVE, AND LOTS OF LARGE WINDOWS. SUPER GREAT ROOM WITH GAS FIREPLACE IN MIDDLE OF AREA WITH TV/COMPUTOR AREA, DINING/LIVING ROOM AREA FLOWS TOGETHER WITH YOUR GOURMET KITCHEN. WALKING DOWN THE HALLWAY LEADING TO 1ST BATHROOM WITH 2 VANITY SINKS + GLASS ENCLOSED TUB/SHOWER COMBINATION, 2 LARGE BEDROOMS WITH CEILING LIGHT FANS, AND A LOVELY MASTER SUITE WITH MIRRORED CLOSET-CEILING LIGHT FAN & MASTER BATH WITH SHOWER STALL. BRING YOUR FUSSIET BUYERS-MUST SEE!!

Directions TRAVEL SOUTH ON HARBOR BLVD., FIRST STREET ON LEFT- PASSED MERRIMAC, TURN LEFT ONTO PRINCETON DRIVE, 1/2 MILE DOWN ON RIGHT HANDSIDE OF STREET.

Special Conditions: REO/Lender-Owned

Contact Information

This Report was created by:
Agent: Larry Weichman	Phone: 714-444-4663	Mobile Ph: 714-863-5739	Pager:
Office: Weichman Realtors	Fax: Mongo Fax	Email: larry@teamweichman.com	Website: www.TeamWeichman.com	Blog WSite  activerain.com/blogs/larryweichman

Listing Activity

LP/SqFt $311.81

Orig Price $ 507,900

Prev Price $ 507,900

Current Price $498,900

---

Larry Weichman

Residential

Wed, Mar 4, 2009 08:06 AM

Ref: 8

Condominium

Attached

RES

Active

2463 Irvine Ave B4

Costa Mesa (CM)

Price $554,900*

East Costa Mesa (C5)	Zip 92627-5403	TGNO 889C2
Orange County (OR)	XSTS Irvine & 22nd	Aerial Map
S560451	Media: 8	Builder Tract Northbay Townhomes (NBTH)
Style Traditional
Bed 3	Model (X)
Baths 3	Stories Two Levels	Floor	Floor 1 of 2
View Back Bay View, City Lights View	HOA Dues $ 213 + $ 0
ASqFt 1,976   Assessor	YrBlt 1983  Assessor	Land Fee
ALotSize 1,950	Assessor	Dim	Acres 0.04
Prkng Garage Attached
Garage, # cars 2 A	Remotes	# Uncovered Spaces	Carport	# Garages	RV Access	Range Price Listing: No

This 3bd/2.5bth Townhome features spectacular craftsmanship. The kitchen has Brazilian granite counters & floors, mosaic stone walls, Wolf appliances, hand-pounded copper lighting & faucet, & Alia French fire clay sink. The master bath and bedroom is a calming retreat with travertine floors & walls, stone fireplace, Jacuzzi tub, dual sinks, travertine mosaics, cedar closets, brass fixtures & lights, plantation shutters and much more.

Directions Irvine Blvd between Monte Vista & Riviera.

Special Conditions: REO/Lender-Owned

Contact Information

This Report was created by:
Agent: Larry Weichman	Phone: 714-444-4663	Mobile Ph: 714-863-5739	Pager:
Office: Weichman Realtors	Fax: Mongo Fax	Email: larry@teamweichman.com	Website: www.TeamWeichman.com	Blog WSite  activerain.com/blogs/larryweichman

Listing Activity

LP/SqFt $280.82

Orig Price $ 584,900

Prev Price $ 584,900

Current Price $554,900

 

 

Larry Weichman

Residential

Wed, Mar 4, 2009 08:06 AM

Ref: 9

Single Family Residence

Detached

RES

Active

438 E 16th St

Costa Mesa (CM)

Price $736,900

East Costa Mesa (C5)	Zip 92627-3202	TGNO 889A5
Orange County (OR)	XSTS E/ Tustin Ave. N/ 16th St.	Aerial Map
P674402	Media: 15	Builder Tract Other (OTHR)
Style Colonial
Bed 4	Model (*)
Baths 2	Stories Two Levels	Floor	Floor
View No View	HOA Dues $ 0 + $ 0
ASqFt 1,965   Assessor	YrBlt 1968  Assessor	Land Fee
ALotSize 5,004	Assessor	Dim 60×83	Acres 0.11
Prkng Direct Garage Access, Driveway, Garage Attached, Garage Door Opener
Garage, # cars 2 A	Remotes	# Uncovered Spaces	Carport	# Garages	RV Access	Range Price Listing: No

This large family home is located in a great Costa Mesa neighborhood! It features 4 bedrooms (2 upstairs and 2 downstairs), 2 bathrooms, approximately 1,965 sq. ft., beautiful rich hardwood flooring, large living room with fireplace, remodeled kitchen with upgraded solid wood cabinets, designer paint throughout, crown molding, huge family room with second fireplace, lush back yard with covered patio and in-ground spa.

Directions 55 Frwy south turnes into Newport Blvd. then left (east) on 16th Street

Special Conditions: REO/Lender-Owned

Contact Information

This Report was created by:
Agent: Larry Weichman	Phone: 714-444-4663	Mobile Ph: 714-863-5739	Pager:
Office: Weichman Realtors	Fax: Mongo Fax	Email: larry@teamweichman.com	Website: www.TeamWeichman.com	Blog WSite  activerain.com/blogs/larryweichman

Listing Activity

LP/SqFt $375.01

Orig Price $ 736,900

Prev Price $

Current Price $736,900

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Larry has over 15 years of experience in Bank Repos and Short Sales and non foreclosed real estate, my clients include General Electric Mortgage, Home Savings, Associates Finance, Transamerica. Current clients include Bank of America, Ocwen Financial Corporation, Countrywide and Keystone Asset Management to name a few. Larry is President of Weichman Associates located in Costa Mesa California. He has sold real estate since 1976 and is a 3rd generation Real Estate Broker. Larry has closed escrow on over 1,100 properties; from townhomes to commercial buildings. Please be sure to visit us on the Internet at www.TeamWeichman.com, www.OCHomeTracker.com or www.OCRepoBroker.com or you can call me at 714-241-452

Foreclosure Timeline For Owner Occupied Homes in California

When a real estate transaction involves a property in foreclosure, knowing the foreclosure timeline helps you as the real estate agent to assess whether you have enough time to close escrow before the foreclosure sale. Starting September 8, 2008, California has a special foreclosure timeline for loans originated between 2003 and 2007, inclusive, which are secured by owner-occupied residences. Indeed, loans involved in short sales are likely to be owner-occupied loans from the years 2003 to 2007, which was the heyday for subprime lending. The special foreclosure timeline does not apply if the borrower has filed for bankruptcy, surrendered the property, or contracted with a person or entity whose primary business is advising people, who have decided to leave their homes, on how to extend the foreclosure process and avoid their contractual obligations. The special foreclosure timeline will remain in effect until January 1, 2013. (Cal. Civ. Code § 2923.5.)

FORECLOSURE TIMELINE FOR OWNER-OCCUPIED REAL PROPERTY LOANS (made from 2003 to 2007)

The approximate minimum time frames for the non-judicial foreclosure of owner‑occupied real property loans made from 2003 to 2007 are as set forth below. In California, most lenders elect to foreclose non-judicially by conducting trustees’ sales, not by judicial foreclosure.

Pre-Foreclosure Period

A lender may initiate the foreclosure process when a borrower defaults on a loan, such as by missing a mortgage payment. However, a slight delay may not justify acceleration and foreclosure by the lender. Hence, in practice, lenders generally wait a few months after a missed payment before starting the foreclosure process.

Day 1: Lender Contacts Borrower

For owner-occupied loans from 2003 to 2007, a lender initiating the foreclosure process must generally contact the borrower by phone or in person to assess the borrower’s financial situation and explore options for avoiding foreclosure. During the conversation, the lender must inform the borrower of the right to meet with the lender within 14 days. The lender must also give the borrower the toll-free number for finding a HUD-certified housing counseling agency.

Day 31: Filing of Notice of Default

For owner-occupied loans from 2003 to 2007, the lender may file a notice of default 30 days after contacting the borrower to explore options for avoiding foreclosure. The notice of default must be filed in the county where the property is located and a copy must be mailed within 10 business days after recordation to the borrower and all other persons who have requested such notice. The notice of default informs the borrower of the default. It must also include the lender’s declaration that it has contacted the borrower to explore options for avoiding foreclosure, tried with due diligence to contact the borrower, or the borrower has surrendered the property.

Day 121: Filing of Notice of Trustee’s Sale

Three months after the filing of the notice of default, the lender may record a notice of trustee’s sale setting forth the date, time, and place of the upcoming trustee’s sale. Because of the gravity of a notice of trustee’s sale, it must be widely disseminated. The notice of trustee’s sale must be recorded, posted, mailed to the borrower and others, as well as published once a week for three consecutive weeks in a newspaper of general circulation.

Day 145: Deadline to Cure Default

Up to five business days before the trustee’s sale, the borrower may reinstate the loan by curing the default or paying the missed payments plus allowable costs. After the reinstatement period expires, the borrower still has the right to redeem the property by paying the entire debt, plus interest and costs (not just the arrearage), before the bidding begins at the trustee’s sale.

Day 152: Trustee’s Sale

Although California law allows a trustee’s sale to take place 20 days after the posting of the notice of trustee’s sale, lenders customarily wait at least 31 days instead to help protect against federal tax liens. At the trustee’s sale, the property is sold through a public auction to the highest bidder. Title is transferred to the successful bidder by trustee’s deed.

USING THIS FORECLOSURE TIMELINE

A foreclosure timeline helps you as a listing agent ascertain whether you have enough time to market and sell the property as a short sale. Depending on the stage of foreclosure the homeowner is in (“Foreclosure Stage”), the chart below gives you the total time frame you have, at a minimum, to sell a property as a short sale before the trustee’s sale occurs (“Minimum Time Left to Sell”).

Foreclosure Stage
Minimum Time Left to Sell

Homeowner just missed making mortgage payment for the first time.
About 6 to 8 months total

Homeowner has just been contacted by the lender to explore options for avoiding foreclosure.
About 5 months total

Notice of default has just been filed.
About 4 months total

Notice of trustee’s sale has just been filed.
Date of trustee’s sale is on notice of sale

As an example, if a notice of default has just been filed, you have a minimum of about four months to sell the property before the trustee’s sale may occur. That’s four months not only to find a buyer, but also to get the lender to approve the short sale and close escrow. The short sale lender may agree to postpone the trustee’s sale in some situations (such as when there’s an accepted offer), but be sure to get any agreement for a postponement in writing.

FORECLOSURE TIMELINE FOR OTHER TYPES OF LOANS

For loans that are not secured by owner-occupied real property or not made from 2003 to 2007, lenders are not required to contact the borrowers to explore options for avoiding foreclosure. For these loans, the total minimum time for the foreclosure process is roughly only 122 days, not 152 days. If the lender is not required to contact the borrower, the foreclosure process takes a minimum of about 4 months from the filing of the notice of default to the day of the trustee’s sale.

Larry has over 15 years of experience in Bank Repos and Short Sales and non foreclosed real estate, my clients include General Electric Mortgage, Home Savings, Associates Finance, Transamerica. Current clients include Bank of America, Ocwen Financial Corporation, Countrywide and Keystone Asset Management to name a few. Larry is President of Weichman Associates located in Costa Mesa California. He has sold real estate since 1976 and is a 3rd generation Real Estate Broker. Larry has closed escrow on over 1,100 properties; from townhomes to commercial buildings. Please be sure to visit us on the Internet at www.TeamWeichman.com, www.OCHomeTracker.com or www.OCRepoBroker.com or you can call me at 714-241-4532

This article is courtesy of theCALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.). Permission is granted to C.A.R. members only to reprint and use this material for non-commercial purposes provided credit is given to the C.A.R. Legal Department. Other reproduction or use is strictly prohibited without the express written permission of the C.A.R. Legal Department. All rights reserved.