Monthly Archives: January 2011

HOA Finances and Reserves Should Signal Good Property Values

  Homeowners associations should be in the business at least in part to protect property values in their communities. Reserve funding is essential for California common interest developments (homeowner associations) and home loans for buyers in those communities. Bank of America has … Continue reading

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Shady Canyon at Irvine 2010 Home Sales Report

  Shady Canyon is one of the most extraordinary and exclusive residential communities in Orange County and Southern California. Located in the hills east of Turtle Rock   Shady is a private and exclusive golf-oriented community developed by The Irvine Company … Continue reading

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Homeowners Associations Should Cooperate and Negotiate Short Sales

  SHORT SALES are tricky for sellers and buyers, and working to resolve unpaid homeowner association assessments and liens can be challenging. A "SHORT SALE" is when an owner of a property seeks to avoid foreclosure by selling the property for less than … Continue reading

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Strategic Defaults on Home Loans & Mortgages

  Some homeowners are upside down on their homes during these challenging economy times and are "underwater" – where property values are less than the amount owed to lenders and lienholders.  We don't support voluntary "strategic default" on home loans and mortgages.  However, it's … Continue reading

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Turtle Rock at Irvine 2010 Home Sales Report

  Turtle Rock is a beautiful area located in the hills near the University of California campus and is one of the most popular residential communities in Irvine for buyers.    Turtle Rock home values remained strong during 2010. ________________________________________________   89 … Continue reading

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Federal Estate Tax Reinstated – Estates of People Who Die After January 1, 2011

  My article during July last year – If You're Rich, Watch Out for Greedy Heirs and Sharp Objects – pointed out that we had no U.S. Estate Tax for the one year ending December 31, 2010, and that rich people might consider staying away … Continue reading

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Eastbluff at Newport Beach Real Estate Update for 2010 Year

  Eastbluff at Newport Beach is one of the special residential villages at this ocean oriented city and place in South Orange County. Eastbluff has separate neighborhoods, including the Bluffs originals, Bluffs plaza, Bluffs park homes, Bluffs homes on the bay, Bluffs tennis … Continue reading

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Skylights at Condo Homes in California

What happens with condo homes and skylights where there is a homeowners association in California?    QUESTION:  Is the skylight in a condominium considered part of the roof?  Is it an association repair or a homeowner repair? ANSWER: It depends on … Continue reading

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Pro Investor House Flipping With a Formula

  Professional investors with cash (house flippers) are known to be active here at Orange County trustee sale auctions after foreclosure. Buying at public auctions after foreclosure has become popular, and buyers at such auctions, especially for low-priced homes, have serious competition. Important questions … Continue reading

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Investor Reasons for Using 1031 Tax Deferred Exchange of Properties

  Reasons for Investors to Consider a 1031 Tax Deferred Exchange    In addition to protection from income tax on real estate sale and purchase deals, investors have other reasons to sell and exchange property: Shelter Cash Flow A big tax … Continue reading

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