by vbindi on February 4, 2010
We specialize in short sale listings here in Ladera Ranch. We have gathered statistics for active listings and sales statistics for all listings, short sales and bank owned REO properties for Ladera Ranch residential real estate, which is reported herein. Currently there are 69 detached homes listed for sale in Ladera Ranch, CA. Of this total, 26 are Short Sale properties, and 2 are bank owned foreclosures, for a total of 28 financially distressed homes listed for sale, which represents 40% of total.
For attached condominiums, there are a total of 31 units currently listed Active for sale in Ladera Ranch. Of this total, 17 are pre-foreclosure short sale properties listed for sale, and 4 bank owned REO condos listed for sale. This is a total of 21 financially distressed condos which represent 68% of the total.
Now will look at properties Pending under contract and sold in the past 90 days. for detached homes in Ladera Ranch, there are a total of 90 detached homes under contract Pending in escrow. Of this total, 75 are short sale properties, and another 5 detached homes in escrow are bank owned foreclosures. There is a total of 80 distressed properties, which represents a whopping 88% of all detached homes in escrow are financially distressed in Ladera Ranch at this time.
For condos, there are currently 71 attached units pending in escrow in Ladera Ranch. Of this sum, 58 are short sales pending in escrow, and 8 are bank owned REO condos in escrow. This is a grand total of 66 financially distressed units in escrow, which is 93% of the total.
In the past 90 days, there have been a total of 84 detached homes that have sold and closed escrow in Ladera Ranch in the past 90 days. Of this total, 28 are short sale listings that have closed escrow, and 7 were bank owned REO properties. This is a total of 35 financially distressed homes that have sold and closed, which results in 41% of the detached homes sold in the past 90 days were financially distressed in Ladera Ranch.
For condos, the results are very similar. There were 40 attached condos that have sold and closed escrow in Ladera Ranch. Of this amount, 21 are short sale listings, and 3 were bank owned foreclosure condos. This represents a total of 24 financial distressed condos that have sold, which is 60% of the total sold condominiums in Ladera Ranch.
Of note, is the fact that most of the properties that are selling in Ladera Ranch are financially distressed. We find this same result in many other Orange County cities for buyers are currently shopping for bargain priced homes.
Also of interest is the fact that for properties under contract Pending in escrow, about 90% of all escrows are financially distressed properties. Although when you look at properties that have actually closed escrow, that ratio drops down substantially to 41% for detached homes, and 60% for condos. We also find this large decrease in other Orange County cities as well. This is due to the fact that many short sale properties are being conducted by Realtors who have very little experience in these complex transactions and this results in a high failure rate.
An important fact for Ladera Ranch homeowners is there are only a handful of short sale experts who specialize in bank negotiations and sales, and close at a rate of 95% or more, such as our team at Short Sales ASAP. For questions, please feel free to email us at: Info@ShortSalesASAP.com or call us at: (949) 254-4775.
by vbindi on March 29, 2009
Another successful Short Sale case study for a detached home located in Ladera Ranch, Ca. This single family detached home was 4 bedroom, 4 bath, 3,568 square foot home, with 3 car garage. This property was sold and closed escrow in September of 2008, via a Short Sale by ShortSalesASAP.
This spacious home was bought by the homeowner in December 2006′ for $1,200,000. There was 1st Mortgage with a loan balance of $960,000 serviced by Countrywide Mortgage, and a 2nd Mortgage with a balance of $240,000 serviced by Wells Fargo. Both loans were fixed rate mortgages.
Real Estate prices have taken a beating in the past 2 years throughout Orange County, CA. and prices have also decreased sharply in Ladera Ranch as well. This Ladera Ranch home has dropped in value by about 28% in the past 2 years. The homeowner had a financial hardship and was having difficulty keeping up with their mortgage payments. They looked into a Loan Modification, but decided to conduct a Short Sale since they still would have been $325,000 in the hole with this property after the Loan Modification.
PHASE I: This Ladera Ranch home was initially put in our Short Sale Preparation Phase. Here we gather all of the required documents from the homeowner and contact the banks to present our short sale case. With some hard knock negotiations, our expert team was able to obtain preliminary approval for the Short Sale along with terms and conditions. This Preparation Phase took about 4 weeks to complete. During that time the homeowner was able to live in the property as normal, with no interruptions from other agents or prospective home buyers, and due to their hardship, were forced to stop making their mortgage payments and lived rent free.
PHASE II: Phase II was the start of the our Short Sale Marketing-Sales Phase where we market the property for sale extensively on the Internet and in the Multiple Listing Service (MLS) for a price of at a price of $925,000. After a period of about 2 weeks, we obtained a solid offer from a qualified buyer for $850,000. After a couple days of negotiations headed up by our short sale Realtor, we obtained a purchase price of $875,000.
PHASE III: This final Phase is the Short Sale Bank Closing. After we obtain the signed offer from the Buyer, we packaged the purchase offer, along with required Short Sale disclosures and Buyers loan qualification paperwork. We submit the updated package to the 1st and 2nd mortgage banks, to conduct the final short sale adjustments of the terms, conditions and costs. After some tough negotiations with our expert short sale Realtor team, our attorney and the bank officials, we got both the 1st and 2nd Mortgage Banks to agree to this short sale offer of $875,000. Once we received the bank short sale approval letters, we moved forward with the buyers closing through escrow. The last Phase was completed in about 27 days.
The result was that the entire debt on the home was removed from the homeowner. The homeowner was able to live in their home during this short sale process and did not make any mortgage payments payments. They were also able to rent a comparable home for substantially less then what their payments used to be. In addition, the homeowners credit was not as badly damaged as it would have been if the banks had foreclosed. They are now working with our credit restoration affiliate and their credit rating should be repaired to a level where they should be able to buy again home in Irvine by the end of 2009′ .
ShortSaleASAP is licensed with the California Department of Real Estate, and our services are free to the homeowner, for we are paid by the mortgage bank(s). If you have any questions regarding Short Sales, contact our team of experts at: (949) 388-3396 or drop us an email at: Info@ShortSalesASAP.com
by Vincent Bindi on January 10, 2008
Price (subject to change): $595,000
Type: Detached sfr
Bedrooms: 3
Baths: 2.5
Living Area (SqFt): 2,100
No. of Garages: 2
Stories: 2
Year Built: 2004
Lot Size (SqFt): smaller
City: Ladera Ranch
Tract: Arborage
Street: Ferrensby
School District: Capistrano Unified
Property Description: MODEL PERFECT HOME! LOCATED IN THE BEAUTIFUL TERRAMOR VILLAGE,LADERA RANCH. 3 BEDROOMS, 2.5 BATHS 4TH ROOM USED AS A HUGE BONUS ROOM. BRAND NEW FLOORING. CUSTOM CEILIING FANS, CUSTOM WOVEN BLINDS,CUSTOM PAINT AND MANY MORE UPGRADES. LARGE MASTER BEDROOM WITH BALCONY. GORGEOUS HOME IN GREAT LOCATION!!!
Financing: Conventional financing with 10% or 20% down is available. Interest rates have recently dropped to 6.6% with No Points for Jumbo loans greater then $417,000. Seller needs to sell this Short Sale property quickly and is priced as such..
Contact: To view this Short Sale home, feel free to Call Us at: 949-388-3396, or email us at: Info@SearchOCHomes.com , or Text Message at: 949-283-4679. We’re easy to talk too. Let us negotiate a great price for you on this Short Sale property for sale in Orange County. Join our FREE and No Obligation Bank Foreclosure and Short Sale home finder service at: www.OCBargainHomes.com
by Vincent Bindi on December 26, 2007
Price (subject to change): $499,000
Type: Attached Condo
Bedrooms: 3
Baths: 2.5
Living Area (SqFt): 1,800
No. of Garages: 2
Stories: 2
Year Built: 2003
Lot Size (SqFt): smaller
City: Ladera Ranch
Tract: Atherton Glen
Street: Notchbrook Ln
School District: Capistrano Unified
Property Description: HIGHLY DESIRABLE TWO STORY END UNIT TOWNHOME AT ATHERTON GLEN IN LADERA RANCH W MOUNTAIN AND GREEN BELT VIEWS. LARGE BALCONY OFF MASTER AND 2ND BEDROOM. WALKING PATH TO LADERA SCHOOLS AND LIBRARY. CLOSE TO SHOPPING, PARKS AND LADERA FACILITIES.
Financing: Conventional financing with 10% or 20% down is available. Interest rates have recently dropped to 6.6% with No Points for Jumbo loans greater then $417,000. Seller needs to sell this Short Sale property quickly and is priced as such..
Contact: To view this Short Sale home, feel free to Call Us at: 949-388-3396, or email us at: Info@SearchOCHomes.com , or Text Message at: 949-283-4679. We’re easy to talk too. Let us negotiate a great price for you on this Short Sale property for sale in Orange County. Join our FREE and No Obligation Bank Foreclosure and Short Sale home finder service at: www.OCBargainHomes.com
by Vincent Bindi on December 26, 2007
Price (subject to change): $399,999
Type: Attached Condo
Bedrooms: 2
Baths: 2.5 + Loft
Living Area (SqFt): 1,675
No. of Garages: 2
Stories: 3
Year Built: 2001
Lot Size (SqFt): smaller
City: Ladera Ranch
Tract: HAldenhouse
Street: Granville St.
School District: Capistrano Unified
Property Description: UPGRADES THROUGHOUT. TRAVERTINE FLOORS. KITCHEN WITH GRANITE COUNTERS AND STAINLESS STEEL APPLIANCES. LOFT CAN BE USED AS OFFICE OR CONVERTED TO A 3RD BEDROOM. GREAT QUIET LOCATION. LADERA RANCH AMENITIES.
Financing: Conventional financing with 10% or 20% down is available. Interest rates have recently dropped to 6.6% with No Points for Jumbo loans greater then $417,000. Seller needs to sell this Short Sale property quickly and is priced as such..
Contact: To view this Short Sale home, feel free to Call Us at: 949-388-3396, or email us at: Info@SearchOCHomes.com , or Text Message at: 949-283-4679. We’re easy to talk too. Let us negotiate a great price for you on this Short Sale property for sale in Orange County. Join our FREE and No Obligation Bank Foreclosure and Short Sale home finder service at: www.OCBargainHomes.com
by Vincent Bindi on December 26, 2007
Price (subject to change): $779,000
Type: Detached SFR
Bedrooms: 5
Baths: 3.5
Living Area (SqFt): 2,556
No. of Garages: 2
Stories: 2
Year Built: 2004
Lot Size (SqFt): smaller
City: Ladera Ranch
Tract: Claiborne
Street: Bedstraw Loop
School District: Capistrano Unified
Property Description: THIS SPACIOUS AND BRIGHT HOME OFFERS A SEPARATE CASITAS GREAT FOR THE HOME OFFICE, OR FOR AN OLDER CHILD. PRIVATE ENTRANCE. CUSTOM PAINT THROUGHOUT! GREAT LOCATION, CLOSE TO SHOPPING AND WONDERFUL SCHOOL DISTRICT.
Financing: Conventional financing with 10% or 20% down is available. Interest rates have recently dropped to 6.6% with No Points for Jumbo loans greater then $417,000. Seller needs to sell this Short Sale property quickly and is priced as such..
Contact: To view this Short Sale home, feel free to Call Us at: 949-388-3396, or email us at: Info@SearchOCHomes.com , or Text Message at: 949-283-4679. We’re easy to talk too. Let us negotiate a great price for you on this Short Sale property for sale in Orange County. Join our FREE and No Obligation Bank Foreclosure and Short Sale home finder service at: www.OCBargainHomes.com
by Vincent Bindi on December 26, 2007
Price (subject to change): $425,000
Type: Attached Condo
Bedrooms: 3
Baths: 2.5
Living Area (SqFt): 1,350
No. of Garages: 2
Stories: 2
Year Built: 2000
Lot Size (SqFt): smaller
City: Ladera Ranch
Tract: Sycamore Grove
Street: Harwick
School District: Capistrano Unified
Property Description: HIGHLY UPGRADED, PRIVATE END UNIT TOWNHOME. TRAVERTINE TILE DOWNSTAIRS WITH RECESSED LIGHTING THROUGH OUT. CUSTOM WINDOW COVERINGS, UPGRADED BASEBOARDS. COZY FIREPLACE WITH SLATE FACING. ENCLOSED YARD BEAUTIFULLY LANDSCAPED WITH BBQ. JUST STEPS TO COMMUNITY POOL/SPA. CLOSE TO SHOPPING. GREAT SCHOOLS.
Financing: Conventional financing with 10% or 20% down is available. Interest rates have recently dropped to 6.6% with No Points for Jumbo loans greater then $417,000. Seller needs to sell this Short Sale property quickly and is priced as such..
Contact: To view this Short Sale home, feel free to Call Us at: 949-388-3396, or email us at: Info@SearchOCHomes.com , or Text Message at: 949-283-4679. We’re easy to talk too. Let us negotiate a great price for you on this Short Sale property for sale in Orange County. Join our FREE and No Obligation Bank Foreclosure and Short Sale home finder service at: www.OCBargainHomes.com
