Orange County – Home of Luxury Short Sales

Orange County real estate has a reputation of being glamorous. With the current economic situation even the rich and famous are facing foreclosure and some expensive homes are joining the ranks as Orange County short sales.Take a look at Tamra Barney, known for being on Real Housewives of Orange County. Her home went on the market as a Ladera Ranch short sale when she lost $600,000 on the house. The fabulous home was listed for $1.149 million as a short sale – yes, a million dollar short sale.The real estate forecast calls for more expensive short sales to hit the real estate market in Orange County in the coming months. Short sales can present a deal – if buyers can get the financing. Costa Mesa real estate broker Valerie Torelli with Torelli Realty, a company that has a high success rate with Costa Mesa short sales and Orange County short sales, notes that homes that are priced well and under a million dollars are selling quickly if the financing is secure.Orange County homes under a million dollars may be moving. What will this mean for the expensive short sales that will soon be hitting the market? The trend is starting – consider the $6 million dollar Dana Point short sale that made headlines in March 2010. Orange County has a prestigious reputation so it’s not surprising that some Orange County short sales are luxury homes.About Torelli RealtyTorelli Realty is a Costa Mesa real estate agency that specializes in Costa Mesa real estate, Mesa Verde real estate, and Orange County real estate.  Since 1984 the company has served the community and consistently been #1 in selling Costa Mesa homes for sale. Torelli Realty specializes in Costa Mesa short sales, Mesa Verde short sales, and Orange County short sales. The company has 100% success rate with short sales. Torelli Realty, Costa Mesa, CA(714) 540-7355  - info@torellirealty.comBLOG: http://torellirealty.wordpress.com/FACEBOOK: http://www.facebook.com/torellirealtyTWITTER: http://twitter.com/TorelliRealty