CA

Irvine Real Estate link, CA – House Says NO to bailout by a 228-205 vote

by Robert Mack September 30, 2008 Irvine Real Estate

Nowadays it seems everyone is talking about history—sub-prime rates. They seem to be beating a dead horse and crying over spilled milk. I understand all these sentiments, but these are not going to provide a solution to our current predicament. The situation is grave and must be dealt with rationally instead of calling each other [...]

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Irvine Real Estate Link, CA – The president and the $700 billion bailout

by Robert Mack September 25, 2008 Irvine Real Estate

I am sure most of us who are interested in the current US economic situation, particularly the housing situation and mortgage blunders, have heard the President’s address to the nation—September 24th 2008—which took about twelve minutes to explain to the nation as to what happened and what the feds should do to possibly correct it. [...]

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Irvine Real Estate Link, CA – Bailouts by the federal government

by Robert Mack September 21, 2008 Irvine Real Estate

I do Irvine real estate in Orange County, CA. Although my concentration is predominantly focused on Irvine homes, however I (I should say, we, because my wife is also working with me) keep myself in touch as to what’s happening nationwide regarding the housing market and the general economy. Today, September 20th 2008, I was [...]

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Irvine Real Estate link, CA – Can anyone answer this question?

by Robert Mack September 17, 2008 Irvine Real Estate

Now that Irvine property prices have fallen over 20% since sometime in 2006 (almost 32 months), why is it that people are not so enthusiastic in putting their best foot forward and attack the market and purchase their Irvine home for 20% less than what they would have paid in 2006? This question keeps lingering [...]

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Irvine Real Estate link, CA – Why did it happen to Freddie Mac & Fannie Mae?

by Robert Mack September 14, 2008 Irvine Real Estate

Financial giants, Fannie Mae and Freddie Mac, were mortgage icons as long as anyone can remember. Certainly they existed even before I was born. They grew and grew to a proportion so scary that for any reason if they toppled the effects on the overall economy would be almost irreparable for many years to come. [...]

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Irvine Real Estate Link, CA – REO properties vs. foreclosure

by Robert Mack September 3, 2008 Irvine Real Estate

An REO is a foreclosure-gone-bad. This is how I see it. The acronym stands for Real Estate Owned, which really doesn’t convey the true meaning of the term. In fact an REO is a real property that is now owned by the bank, or the mortgage company or the financial institution after an unsuccessful foreclosure [...]

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Irvine Real Estate Link, CA – Renting out your property – pros and cons

by Robert Mack August 20, 2008 Irvine Real Estate

Your personal character plays an integral part in renting out your Irvine property to total strangers. You have no idea who the tenants are, therefore you take a risk. To minimize this risk, you have their credits, places of employment and monthly incomes checked, and perhaps interview them personally in order to build an impression, [...]

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Irvine Real Estate Link, CA – When to buy property

by Robert Mack August 18, 2008 Irvine Real Estate

For an investor in Irvine properties there is no such thing as bad times. Fluctuating times, yes, but not bad times. An established investor harvests his or her crop during sellers’ market period and sows the seeds during buyers’ market time. The only drawback may be the ability to forecast Irvine real estate market situation. [...]

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Irvine Real Estate Link, CA – *The Great Park Connection

by Robert Mack August 17, 2008 Irvine Real Estate

One of the perks of having an Irvine property is what goes in and around this relatively new, active and extremely clean city: The Great Park Connection is one. City of Irvine and Orange County Great Park Corporation have invited residents of the city and Orange County, in general, to join for the Festival of [...]

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Irvine Real Estate link, CA – Banks and foreclosures

by Robert Mack August 13, 2008 Irvine Real Estate

I don’t want to insult the intelligence of the reader, but there are folks who don’t know what foreclosures mean, and for the benefit of those few I would like to define this term in the layman’s language. When one borrows money from a financial institution to purchase a property and for some reason or [...]

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