Villa Rockledge Set For Foreclosure Auction

$30 million beach estate on ocean front in Laguna beach known as Villa Rockledge a family compound is in default. It is not only in default but has a date set for the foreclosure auction.




The home was built in 1921 it sits over the sand on a bluff, it sits on a 1/2 acre lot and has the main home and six villas. Over 12 bedrooms with 9 bathrooms. The compound was first listed in 2009 for $34.9 million.



The Wall Street Journal did an article on the home titled, "A Castle by the Sea". The home was purchased in 1973 for $420,000. The unpaid amount on the loan for Villa Rockledge is $6,212,511.04. If the owner cannot come up with the lenders payment in full it will be auctioned June 30th.



Once again the mortgage meltdown is not just some individules that were first time home buyers.

Tim Lorenz

Instant MLS Listings & Free Market Analysis

"We have actually closed many short sales!"

http://www.markandtim.com/

949-874-2247

Tim Lorenz . Over 40 Years Experience Representing South Orange County Home Buyers, Sellers, Investors and Relocations!

Jumbo and Super Jumbo Mortgages

Jumbo mortgage and super jumbo mortgages are available and are used more frenquently lately. The percentage of homes bought with loans greater than $729,750 has been increasing and loans over $2 milion a sign that the market has taken a good turn.
Jumbo and super jumbo mortgages are up 27.8 percent for the loans issued in Feb. in this area still below the normal market. Just 6 months ago the interest rates were around 7 to 8 percent. Now the jumbo rate is closer to 5.75 percent.

This is especially important to the agents who work with the luxury, estate, and mansion part of the market. The fact that the market is releasing more money in the form of Jumbo and Super Jumbo mortgages to these homes indicates the market is healing.

Tim Lorenz

Instant MLS Listings & Free Market Analysis

"We have actually closed many short sales!"

http://www.markandtim.com/

949-282-2521

Tim Lorenz . Over 40 Years Experience Representing South Orange County Home Buyers, Sellers, Investors and Relocations!

Irvine's Most Expensive New Home

Irvine's newest estate or luxury home could become the most expensive new home, or most expensive home. Today The Orange County Register had an article on this very large home 13,779 square foot home that is to be completed in 5 months.  This home is truly a mansion and it feels like an estate.

This home will have 6 bedrooms and has been under construction for a year and 1/2 with an expected completion in 5 more months. The home is located at 28 Boulder View it sits on a lot just under an acre of land.

Some of the features of the home:

• Master bedroom with his and her full bathrooms and separate walkin closets.
• An 850 square foot home theater with reclining theater seats.
• An 80 foot long pool.
• A five car garage
• An elevator and spiral staircase
• bonus room
• wine cellar and wine tasting area
• exercise room
• great room
• tennis court with cabana
• Office
• Library

It borders the Shady Canyon Golf Course. The architect is Brion Jeannette and this is going to be the pride of Irvine.

The most expensive listing in Irvine is just under $16 million, is 13,500 square feet of home and it sits on a 1.73 acre lot. That is why the are claiming the new home could become Irvine's most expensive properties ever.

If you would like to purchase an mansions, estate home or luxury home please call.

Tim Lorenz

Instant MLS Listings & Free Market Analysis

"We have actually closed many short sales!"

http://www.markandtim.com/

949-282-2521

Tim Lorenz . Over 40 Years Experience Representing South Orange County Home Buyers, Sellers, Investors and Relocations!

Dana Point 13.9 Million Dollar Home

Dana Point has a 13.95 Million Dollar Home that is going up for auction.

In Dana Point there is a home that is listed at 13.95 million dollars and is a 8100 square foot home. The home is at 49 Beach View Ave, Dana Point and had been listed at 13.95 million dollars for the home that is now going up for auction at a starting price of 7.5 million.

This Dana Point home is a 4 bedroom 7 bath home which is 6.45 millon less than the 13.5 million dollar price on the origional listing. The home has an elevator, his and hers master baths and closets, a home theater, a circular wine cellar, an exercise room, and outdoor kitchen and a library. This home is 3 stories tall and is expected to sell for more than the starting bid.

For information on luxury homes visit us at our website.

Tim Lorenz

Instant MLS Listings & Free Market Analysis

"We have actually closed many short sales!"

http://www.markandtim.com/

949-282-2521

Tim Lorenz . Over 40 Years Experience Representing South Orange County Home Buyers, Sellers, Investors and Relocations!

Two More Ocean Front Mansions

Two more houses enter that the rare $30 million market or more in the last month. One is Corona del Mar and the other in Laguna Beach.
That brings the number to six in the Orange County area.

You could own one of these breathtaking, Water Front homes One at 3729 Ocean Blvd. Corona del Mar and has been completely remodeled, the home is 3 stories and is carved into the sea front bluff.

The other is at 31887 Circle Dr., Laugun Beach and has approximetly 80 feet of beach frontage. Remarkably the home has a 270 degree view of the ocean.

For the other listing in this rare luxury home mansions just look on the website.

Tim Lorenz

Instant MLS Listings & Free Market Analysis

"We have actually closed many short sales!"

http://www.markandtim.com/

949-282-2521

Tim Lorenz . Over 40 Years Experience Representing South Orange County Home Buyers, Sellers, Investors and Relocations!