Weekly Wednesday Orange County Foreclosures And Short Sales Market Update July 28, 2010

The OC Register reported that the inventory of Orange County distressed homes has grown the most this year during the last 2 weeks.  Here's a look at the inventory in Costa Mesa, Newport Beach, Huntington Beach, and Laguna Beach.Below is a look at the number of homes identified in the MLS as being ‘in the foreclosure process,' ‘short sale offer submitted,' or  ’short sale/subject to lender approval,' 'notice of default,' 'REO/Lender-owned,' 'REO Offer(s) submitted.'  These homes are currently either active listings, accepting backup offers or pending sales.Costa Mesa:161 total homes listed as in the above categoriesHuntington Beach:370 total homes listed as in the above categoriesNewport Beach:126 total homes listed as in the above categoriesLaguna Beach:58 total homes listed as in the above categoriesPlease note that these numbers only reflect what is reported in the SoCal Multiple Listing Service. We will continue to follow the numbers and share the changes in the local Orange County real estate market. Please comment or email us at shortsales@torellirealty.com if you’d like additional information.See some of our short sale listings here.About Torelli Realty: Torelli Realty  has been servicing the Orange County real estate market for over 25 years. The company is located in Mesa Verde Costa Mesa and has 100% success with short sales. Feel free to contact Torelli Realty for a consultation and for all your Orange County real estate needs.WEBSITESHORT SALE WEBSITETWITTER  – FACEBOOK - COMPANY BLOG