From the category archives:

Laguna Niguel Short Sale Real Estate

Laguna Niguel Short Sale Homes report.

by vbindi on December 28, 2011

This Market Update is brought to you by the experts at the ShortSalesASAP group, who specialize in short sale negotiations, marketing and sales here in Laguna Niguel . This article will report the statistics for Active for Sale and Sold standard listing properties, as compared to short sales. Currently, there are 152 detached homes listed for sale in Laguna Niguel , California. The median price of these homes for sale is $789,000 and the average price per square foot is $338 . 26 of these active listings are short sales, which represent 26% of the total inventory of detached homes for sale. The median price of these short sale properties is $400,000 and the average price per square foot is $246 .

For homes under contract, there are 92 detached homes in escrow on this date, and the median price is $598,000 . Of this total, 60 are short sales in escrow, which is 65% of the total detached properties in escrow in Laguna Niguel , and the short sale median price in escrow is $550,000 .

In the past 3 months, there have been a total of 96 detached homes that have sold and closed escrow in Fullerton . The median price was $680,000 and the average price per square foot was $296 . Of this total were 24 were short sale properties in the city of Laguna Niguel in the past 3 months. This number of sold short sales is 25% of the total. The median price was $635,000 , and the average price per square foot was $266 .

If you would like more information about short sale real estate, feel free to click the following link to visit our website at: Laguna Niguel Short Sale Homes and Condos for Sale. To speak with a Short Sale Realtor, or to set an appointment, feel free to call: (888) 201-7066, or email us at: Info@ShortSalesASAP.com.

{ 0 comments }

Laguna Niguel Short Sale Analysis

by vbindi on February 4, 2011

This report is for standard sales and short sales in Laguna Niguel . This article is brought to you by the Realtor experts at the Short Sales ASAP group, who are #1 in short sale property listings and closings in Orange County. Currently, there are a total of 196 detached homes listed for sale in Laguna Niguel, California. The median price of these active homes for sale is $749,000 and the average price per square foot is $375 . Of this total, 67 are short sale listings active for sale. . These short sale listings represent 34% of the total inventory of detached homes for sale. The median price of these short sale properties is $625,000 and the average price per square foot is $295 .

For attached condominiums, there are 134 condo units currently listed for sale in Laguna Niguel. The median price for these listed condominiums is $285,000 and the average price per square foot is $253 . Of this total, 70 are short sale condo listings. The median price of these short sale condos is $249,000 , and the average price per square foot is $233 . The ratio of short sale condo listings to listings is 52% .

Currently, there are 81 detached homes under contract in escrow, and the median price of these pending properties is $599,000 . Of this total pending properties, 49 are short sales, which is 60% of the total detached properties in escrow in Laguna Niguel. The median price is $550,000 .

For condominiums, there are now 65 attached units in escrow, and the median price is $280,000 . Of this number, 42 are short sales in escrow in Laguna Niguel. These short sale condos are 65% of the total units in escrow, and the median price is $279,000 .

In the past 90 days, there have been a total of 127 detached homes that have sold and closed escrow in Laguna Niguel. The median price of these sold homes was $665,000 and the average price per square foot was $300 . Of this total were 25 short sale properties, which was 20% of the total sales. The median price was $545,000 , and the average price per square foot was $282 .

For attached condos, there have been a total of 79 condominium sales in the past 3 months. The median price was $300,000 , and the average price per square foot was $256 in Laguna Niguel. In addition, there were 22 short sale condos that sold and closed escrow during this same period of time, which was 28% of the total number of units sold. The median price of the sold short sale condos was $273,000 , and the average price per square foot was $240 .

As can be seen above, the ratio of Pending in Escrow short sale listings, to Pending total listings is a much higher percentage, compared to the ratio of Sold short sale properties to Sold total properties. This illustrates that short sales fail at a high rate. Property owners who owe more than their home is worth, should seek to work with an experienced Laguna Niguel short sale Realtor. For more information, feel free to call: (888) 201-7066, or email us at: Info@ShortSalesASAP.com.

Laguna Niguel Short Sale Realtor report.

by vbindi on June 15, 2010

This report is for standard sales and short sales in Laguna Niguel . This article is brought to you by the realtor experts at the Short Sales ASAP group, who are #1 in short sale property listings and closings in Orange County. Currently, there are a total of 182 detached homes listed for sale in Laguna Niguel, California. The median price of these active homes for sale is $889,000 and the average price per square foot is $381 . Of this total, 36 are short sale listings active for sale.  These short sale listings represent 20% of the total inventory of detached homes for sale. The median price of these short sale properties is $640,000 and the average price per square foot is $316 .

For attached condominiums, there are 91 condo units currently listed for sale in Laguna Niguel . The median price for these listed condominiums is $360,000 and the average price per square foot is $294 . Of this total, 44 are short sale condo listings. The median price of these short sale condos is $265,000 , and the average price per square foot is $264 . The ratio of short sale condo listings to listings is 48% .

Currently, there are 118 detached homes under contract in escrow, and the median price of these pending properties is $664,500 . Of this total pending properties, 64 are short sales, which is 54% of the total detached properties in escrow in Laguna Niguel . The median price is $599,000 .

For condominiums, there are now 116 attached units in escrow, and the median price is $266,000 . Of this number, 79 are short sales in escrow in Laguna Niguel . These short sale condos are 68% of the total units in escrow, and the median price is $260,000 .

In the past 90 days, there have been a total of 108 detached homes that have sold and closed escrow in Laguna Niguel . The median price of these sold homes was $705,000 and the average price per square foot was $309 . Of this total were 31 short sale properties, which was 29% of the total sales. The median price was $655,000 , and the average price per square foot was $277 .

For attached condos, there have been a total of 102 condominium sales in the past 3 months. The median price was $278,000 , and the average price per square foot was $251 in Laguna Niguel . In addition, there were 36 short sale condos that sold and closed escrow during this same period of time, which was 35% of the total number of units sold. The median price of the sold short sale condos was $250,000 , and the average price per square foot was $217 .

As can be seen above, the ratio of Pending in Escrow short sale listings, to Pending total listings is a much higher percentage, compared to the ratio of Sold short sale properties to Sold total properties. This illustrates that short sales fail at a high rate. Property owners who owe more than their home is worth, should seek to work with an experienced Laguna Niguel short sale realtor. For more information, feel free to call: (888) 201-7066, or email us at: Info@ShortSalesASAP.com.

{ 0 comments }

Laguna Niguel Short Sale Stats

by vbindi on May 7, 2009

Laguna Niguel, CA: Local home values have been hit hard due to the regional real estate correction, the national mortgage loan crisis. and the subsequent recession. Short Sales have been a growing and significant real estate transaction for homeowners who are caught in today’s mortgage loan crisis.   A short sale is often times the best solution for a homeowner whose house is worth less then the debts owed on the home, or for homeowners who are not able to keep up with their mortgage payments. A Short Sale is simply a real estate sale in which the mortgage bank(s) are persuaded to agree to reduce the loan balance so that the home can be sold to a another new home purchaser, in order to cover all of the property debts and sales costs.

Currently, there are 95 Short Sale homes and condos listed for sale in Laguna Niguel, ranging in price from a low of $235,000 for a 2 Bedroom, 2 Bath condo, with 980 square feet of living are, up to $2,399,000 for a 4 bedroom, 5 bath, estate with 5,400 square feet of living area. In addition, there are 99 short sale listings under contract in Escrow.

In the past 6 months, there have been 79 short sale transactions that have sold and closed escrow in Laguna Niguel. But of concern, is there was also 105 failed short sale transactions in that same 6 month period. That translates into a success rate of only 43%. That’s a poor closing rate for such an important transaction for a homeowner in dire need of a dignified solution that is less damaging to ones credit then a foreclosure.  Whats’ worse, is the California Association of Reactors recently reported that only 19% of short sales are successful statewide.   Our team of experts at the ShortSaleASAP Group have a short sale closing rate of over 93%.

Many peple ask why the low rate of success statewide.  The reasons are complex and many. Short Sales are the most complex of all residential real estate transactions.  They present a wide variety of  obstacles that can easily trip up a Realtor who is a Short Sale novice.  Some of the most common issues that cause many Real Estate Agents to fail are;  pricing the short sale too high or too low,  weak loss mitigation negotiation skills, too small of a team causing Realtor to be spread to thin, hiring a 3rd party short sale negotiation company, not knowing how to package a Short Sale, and not managing the independent Bank BPO/Appraisal process.

Our team has a verifiable track record of success, and have closed more sort sales in Orange County then any other team.  For more information, please visit our website for Laguna Niguel Short Sales, or give us a call at:  949-388-3396

Laguna Niguel Short Sale – Case Study #32

by vbindi on April 5, 2009

Short Sale Case Study #32 -  We will describe another successful Short Sale for a detached home located in Laguna Niguel, Ca.  The details of the short sale such as; property  address, exact loan amounts, and names will not be revealed to protect the privacy of the previous homeowner.

Property and Finance  Details: This Laguna Niguel home was a 4 bedroom, 3 bath, 3 car garage with 3,150 square feet of living area.  This detached home was originally purchased in the Spring of 2004′ for $885,000 with a 10% down mortgage.  In the summer of 2007′ an equity loan (HELOC) was also taken out on the home for about $245,000 with National City Mortgage.   This property was sold via a Short Sale in the winter time of 2009′ by the ShortSalesASAP team.

Market Condition: Home prices have dropped dramatically in southern California due to the severe recession and nationwide financial crisis.  More specifically, prices have been dropping about 1% per month for the past 2.5 years in Laguna Niguel, although there are now signs that prices may be leveling off.   The homeowner experienced a financial hardship and was no longer able to keep current on the mortgage loan payments.   They inquired into a Loan Modification, but even in the most optimistic scenario, they still would have been about $300,000 upside down on their home mortgage.

Preparation Stage: After we signed the listing agreement with the homeowner, we gathered all of the required documents from the homeowner.  After review and packaging, we delivered these documents to the 1st and 2nd banks to present our short sale case.   After some tricky and difficult negotiations, our expert team was able to obtain preliminary approval for the Short Sale with tentative terms and conditions.  During this preliminary short sale approval phase, the homeowner was able to live in the property as normal.  There were no interruptions from other agents or prospective home buyers, and due to their hardship, they were living rent  free.  This Preparation Phase took about 6 weeks to complete.

Sales and marketing Stage: Once the short sale was tentatively approved, we placed this Laguna Niguel property on the market for sale.  It was listed in the Multiple Listing Service (MLS) for a price of at a price of $825,000.   After a period of about 3 weeks with no offers, we dropped the price to $789,000.   A week later we received an offer from a loan qualified buyer for $735,000.    After several days of counter negotiations,  we obtained a purchase price of  approximately $750,000.

Closing Stage: In the final stage of this short sale process, we obtained the signed offer from the Buyer, and gathered the other required Short Sale disclosures and Buyers loan qualification paperwork.  We submitted this  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 specialists obtained the updated short sale approval letter from the 1st and 2nd Mortgage Banks.  Once we received these bank  approval letters, we moved forward with the closing of escrow. The last Phase was completed in about 21 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.  Most importantly, if this home were to been lost in Foreclosure,  the 2nd Mortgage HELOC loan would still be owed by the homeowner after the 1st mortgage lender foreclosed.  As a result of this short sale though, the convinced to the 2nd Mortgage Bank to accept to small pay-off we generated for them as a settlement in full.     The homeowner is 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 by 2010′ .

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

Short Sale Condo – Priced to Sell Fast – Laguna Niguel

by Vincent Bindi on October 24, 2007

Price (subject to change):  $319,900
Bedrooms:  2
Baths:  2
Living Area (SqFt):   920
No. of Garages:  1
Stories:  One – Carriage Unit
Year Built:  1989
Lot Size (SqFt):  – condo -
City:  Laguna Niguel
Area:  Laguna Niguel North
Tract:  Village Niguel Terrace II
Address:  27372 Young Dr.
School District:  Capistrano Unified

Property Description:   It’s a Short Sale and in Foreclosure, and the Seller needs to sell now, and is priced low for that reason.   It’s an Upper Level – End Unit – Carriage Style Condo with No One Below. Great central Laguna N. location in Gated Community with Lots of Association Amenities! There are 2 Patios, Lots Of Morning Light, High Ceilings, Mirrored Wardrobes, Lots Of Linen Storage, interior Laundry, 2 Private Baths. Private Garage and guest parking plus a second parking spot decal is available for owners with two vehicles. 

Financing:    Two sources of Government Subsidized loans are available to purchase this low priced home with Zero Down payment.  One of these 100% Financed loans offers 6.5% Fixed interest rate, and one needs to be a first time home buyer.  The other Zero Down loan offers 6.9% Fixed interest rate over 30 years, and does not charge PMI, and one need not be a first time home buyer.   Seller needs to sell now.

Contact:  To view this Bank Foreclosed 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

Laguna Niguel Short Sale – 2 Bdrm, 2 Ba – $375,000 !

by Vincent Bindi on April 28, 2007

This is an exciting opportunity that won’t last long… it is an approved Short Sale for a 2 bedroom, 2 bath End Unit Condo in Laguna Niguel on Ryan Dr.  This condo is in turn key, move-in condition with many upgrades such as: New appliances, fixtures, lighting. Ceramic tile in kitchen, baths & entry. Like new carpet, mirrored wardrobes in bedrooms, designer ceiling fans with vaulted ceilings in Master bedroom & living room. It also has two patios, a 1 Car detached garage and is an Carriage style end unit with no one above or below you.

This condo is located in Village Niguel Terrace which is a gated community and the association includes a swimming pool, spa, tennis courts and private park.  The association dues of approximately $265 per month also include property insurance, landscape maintenance and exterior property maintenance.

The most exciting thing about this property is the price.  There are three other 2 bedroom, 2 bath condos for sale in Village Nigel Terrace and the asking prices are $379,900, $414,000 and $418,500…. and the $379,500 property is adjacent to the busy street La Paz.

Village Niguel Terrace is centrally located in Laguna Niguel, and is close to highway 5 and 73 toll road, shopping, restaurants and other entertainment options.  Village Niguel Terrace is serviced by the Capistrano Unified School district.  The grade school classes are conducted at Laguna Niguel elementary school and the intermediate classes are at Aliso Viejo Middle school.  the upper grades are serviced by the Aliso Viejo High School. 

If you would like to view the inside of the this home, or obtain more information about other Short Sale homes for sale, please call us at:  949-388-3396 or drop us an email at:  Info@SearchOCHomes.com  Click on the following link to view all homes for sale in Laguna Niguel.