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New Home Sales Increase for the 2nd Straight Month…

by Kurt Galitski | May 26, 2011 | Consumer Information, For Buyers, For Sellers, Real Estate News

Sales of newly-built homes surprised Wall Street, jumping 7 percent to an seasonally-adjusted, annualized 323,000 units last month. In addition, the supply of new homes dropped to 6.5 months — a 2-month decrease from October 2010 and the best reading in a year. The...

Foreclosure auction set for $37 million mansion

by Kurt Galitski | May 25, 2011 | Foreclosure, Kurt Suggests, Real Estate News

May 24th, 2011, 4:44 pm ·  Marilyn Kalfus, real estate reporter Orange County Register Reported by Marilyn Kalfus and Jeff Collins The priciest mansion on the Orange County housing market – Newport Coast’s $37 million Villa del Lago – has been set for a foreclosure...
Kurt Galitski’s Real Estate Newsletter

Kurt Galitski’s Real Estate Newsletter

by Kurt Galitski | May 25, 2011 | Kurt's Thoughts, Monthly Newsletter

Welcome to the latest issue of my newsletter! As a your Realtor and Broker, I strive to keep in touch with my clients and provide them with information that I hope they will find useful. This newsletter is an opportunity to let you know about the state of the market...
Real Estate Week In Review

Real Estate Week In Review

by Kurt Galitski | May 25, 2011 | Costa Mesa, Foreclosure, Kurt's Thoughts, Real Estate News

   For the week of May 23, 2011 — Vol. 9, Issue 21   In This Issue… Last Week in Review: The economy appears to be slowing… but what’s going on with home loan rates? Read the answer. Forecast for the Week: A second chance for a better outlook?...

California Borrowers Eliminating 2nds in Bankruptcy

by Kurt Galitski | May 20, 2011 | Costa Mesa, For Sellers, Foreclosure, Kurt's Thoughts, Loan Modification, Loans, Real Estate News

Increasing use of Chapter 13 plans cited by bankruptcy attorneys May 18, 2011 By PETE CAREY San Jose Mercury News – McClatchy-Tribune Information Services      Bankruptcy lawyers say delinquent borrowers in California are increasingly turning to Chapter 13...

Costa Mesa-Two foreclosed homes are on the market for first-time homebuyers

by Kurt Galitski | May 20, 2011 | Community Information, Consumer Information, Costa Mesa, For Buyers, Foreclosure, Real Estate News

From the Daily Pilot COSTA MESA — Two foreclosed homes are on the market for first-time homebuyers through a public-private partnership between the city and a national nonprofit organization, Mercy Housing. The two homes, in north Costa Mesa at 3004 Harding Way and at...
Real Estate Week In Review

Real Estate Week In Review

by Kurt Galitski | May 17, 2011 | Costa Mesa, For Buyers, For Sellers, Foreclosure, Kurt Suggests, Marketing Reports, Real Estate News

In This Issue… Last Week in Review: Inflation is heating up, but what does that mean for home loan rates? Forecast for the Week: Thursday will be an especially busy day when it comes to reports this week, with news on jobs, housing, and manufacturing. View: Ever...

Real Estate Week In Review

by Kurt Galitski | May 13, 2011 | Consumer Information, Kurt Suggests, Real Estate News

In This Issue… Last Week in Review: Find out the story behind the latest employment numbers – and what they mean to home loan rates. Forecast for the Week: Don’t let the slow start fool you! Find out why the second half of this week is so important. View:...

O.C. Real Housewives’ Peggy Tanous in Danger of Foreclosure

by Kurt Galitski | May 12, 2011 | Foreclosure

O.C. Real Housewives’ Peggy Tanous in Danger of Foreclosure May 10, 2011 · Orange County Register Peggy Tanous made her debut this season as the latest member of Bravo’s Real Housewives of Orange County series, but she’s already following the trend of foreclosures and...
First-time homebuyers to receive a federal income tax credit of 15%

First-time homebuyers to receive a federal income tax credit of 15%

by Kurt Galitski | May 7, 2011 | For Buyers, Kurt In the News, Kurt Suggests, Loans

Mortgage Credit Certificate Program Fact Sheet The Mortgage Credit Certificate (MCC) Program enables first-time homebuyers to receive a federal income tax credit of 15% of the annual mortgage interest paid. MCC’s reduce federal income tax, increase take-home pay, and...
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