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Just Listed! Buena Park HUD Home for Sale in Orange County!

HUD Home for Sale

8572 Travistuck Pl
Buena Park, CA, 90621
Orange County

Offered at $665,000

Spacious tri-level home has been upgraded and has wonderful pool, spa and large yard on three sides of home. Walk to Los Coyotes Golf & Country Club. Large lot over 10,000 Sq Feet! 3 Beds and 3 Baths! Located in an excellent neighborhood zoned for Sunny Hills High School. Double Door entry, Separated Family Room with Fireplace. Dry And Wet Bar, Huge Living Room And Dining Area. Wide Open Driveway To Three Car Garage.

This home Eligible for FHA Financing! Only 3.5% down required! Absolutely No repairs are required for this home to obtain FHA Financing.

HUD Home For Sale

HUD Home For Sale





Must See this Buena Park HUD Home for Sale in Orange County. FHA approved home can be purchased with only 3.5% down using FHA financing. Buyer may also use conventional financing or cash. Call or email Jesse Madison to purchase this HUD Home for Sale in Orange County.


Property Information:

BED / BATH:   3/3,0,0,0
SQFT(src):   2,410 (AP)
PRICE PER SQFT:   $275.93
LOT(src):   0.24/10,440 (A)
GARAGE:  3/Attached
YEAR BLT(src):  1974 (APP)
DOM / CDOM:  1/1
APN:  28910128
ML#:   OC15252207
ORIGINAL $:  $665,000
FIREPLACE:  Family Room   
COOLING:  Central   
HEATING:  Central Furnace, Forced Air   
ROOMS:  All Bedrooms Up, Family Room, Formal Entry, Foyer, Living Room   
INTERIOR:  Built-Ins, Copper Plumbing Full, Wet Bar   
EATING AREA:  Separated   
FLOOR:  Partially Carpeted, Hardwood   
APPLIANCES:  Dishwasher, Garbage Disposal
LAUNDRY:  Gas Dryer Hookup, Inside
POOL:  Private, In Ground, Fenced, Filtered, Heated, Heated with Gas, Tile   
SPA:  In Ground, Private, Heated   
VIEWS:  None   
PATIO:  Covered, Concrete   
LOT:  Front Yard, Lot-Level/Flat, Sprinkler System   
PARKING:  Driveway
  • Subject to FHA Appraisal
  • Buyer Selects Closing Agent/ Escrow firm.
  • Bids due by 12-02-15 11:59 PM Central Time then daily until sold. FHA Case #048-575454. Insured. Eligible for FHA 203K

Orange County Market Update | Real Estate FastStats from OCAR

Orange County Market Update


OC FastStats Market Update – September from OCAR on Vimeo.

Here are the highlights from the OC FastStats market update:

According to CAR the overall economic data indicates job market improvements

September Pending Sales

Pending Sales up 4.5% for Detached homes

Pending Sales up 17.7% for Attached homes

Orange County Market Update

September pending sales


September closed sales:

Increased 9.4% for Detached homes

Increased 14.1% for Attached homes

Orange County Market Update

September closed sales


Inventory Levels:

Down 14.3% for detached homes

Down 26.2% for Attached homes



Orange County Market Update Analysis:

Current interest rates are still low and fewer homes on market are increasing values of homes that are for sale.

The percent of Sale value vs original list price has increased for both detached and attached homes.

Conclusion: This is a good time to sell in Orange County.

Orange County Market Update

Call Jesse for a FREE Market Analysis 949-306-8416

Please contact me for a FREE market analysis of your home and see what your home is worth today!

Jesse Madison



What Is OC FastStats from Orange County Association of Realtors?

OC FastStats is a bundle of local housing market products draw from the Orange County MLS each month. This data tells us where the market has been going and what we can expect from the data on homes listed and sold. Inventory levels are managed and tracked as well. Sales data relative to all listings in the Orange County MLS is analyzed for accuracy and analyzed to provide data with which market trends can be studied and analyzed. Data is released through Market Reports and Video. Stay tuned for our next Orange County Market update from data provided by the Orange County Association of Realtors ( OCAR). You can learn more about OCAR at

Reduced! Entertaining offers from $1,999,876 -$2,199,876. Laguna Beach Open House This Sat and Sun!

Laguna Beach Open House this weekend Sat and Sun 1-4pm

Don’t miss out on this opportunity to see a stunning Laguna Beach home at a terrific reduced price!


Laguna Beach Home

Panoramic Ocean and Canyon Views

Panoramic Ocean Views on a Large Private Lot

Property Description

Reduced! Back on Market! Panoramic Ocean Views with an Extremely Private Location on over 26,000 Square Foot Lot. Truly a unique Laguna Beach Home! Two large wrap around patios with panoramic ocean views from the Living Room and Master Bedroom. Modern kitchen with new granite counters, center island, breakfast bar and a spacious eating area. Newly refinished cabinetry, stainless appliances, new light fixtures. Beautiful new hard wood floors throughout the living room, dining room kitchen and entry. The living room features a massive brick wall leading into the vaulted ceilings in the upper level. Enjoy the waterfront scenery from all rooms on the upper level. Easy indoor-outdoor access to the

Panoramic Ocean and Canyon Views

large patios in the living room, master bedroom and the additional back patio off the kitchen. New large double paned windows throughout the home providing breathtaking ocean views. New Paint, Epoxy coating on Garage, Newly tiled driveway, Granite Counters in bathrooms, Enclosed Glass Patio area offering 180 degree views, New flooring throughout. Utility/ storage room under the home is perfect for home workshop. Architectural plans completed to add an additional 800 Sq ft. of Living space if desired! Seller will entertain all offers between $1,999,876 to $2,199,876.

Year Built: 1977
Sq Footage: 2031 sqft.
Bedrooms: 3 Beds
Bathrooms: 2.5 Baths
Floors: 2
Parking: 2 Garage
Laundry: In Unit
Lot Size: 26136 Square Feet
Property Type: Single Family House



  • Living room
  • Dining room
  • Walk-in closet
  • Master bath
  • Storage space
  • Sun room
  • Range / Oven
  • Dishwasher
  • Microwave
  • Garbage disposal
  • Stainless steel appliances
  • Balcony, Deck, or Patio
  • Yard
  • Porch
  • Heat: forced air
  • Hardwood floor
  • Fireplace
  • High / Vaulted ceiling

Visit us at our Laguna Beach Open House Sat and Sun 1-4pm

22191 Paseo Del Sur, Laguna Beach, CA

Nov 21 and Nov 22

Contact info: 
Jesse Madison
Madison Realty

Virtual Tour

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Murrieta Single Level FHA Approved Home! $267,900

FHA Approved Home REDUCED!

FHA Approved Home

FHA Approved Home. Bids due daily at midnight CST for consideration.


23886 Corte Cajan, Murrieta 92562

Wonderful Opportunity for this Golf Community home at an affordable price.

BRIGHT SPACIOUS LIVING A wonderful opportunity to acquire this quietly located HUD HOME in the 55+ Golf Community of The Colony. A high, vaulted ceiling in the living area enhances its spacious look, the informal living area incorporates the kitchen and the laundry is conveniently located close to the kitchen. The master bedroom is a place to retreat, reflect and rejuvenate, twin basins and a luxuriously large mirror are features of the master bathroom. Spacious backyard with huge potential for sophisticated low maintenance living. Every convenience just minutes away. Act quickly as you will not get a second chance at this price! Price Recently Reduced. Murrieta Single Level Home. FHA Approved Home. Insured with repair escrow. Also Eligible for FHA 203k.


Listed at $267,900


BED / BATH:   2/2,0,0,0

SQFT(src):   1,329 (AP)

PRICE PER SQFT:   $201.58

LOT(src):   0.1/4,356 (A)

GARAGE:  2/Attached

YEAR BLT(src):  1995 (ASR)


DOM / CDOM:  45/45


APN:  947581019

ML#:   SW15219091

ORIGINAL $:  $282,000

HOA $210/ Mo.


Financing: FHA Approved Home will go FHA 203b, CONV Loan or FHA 203k. Learn about these options! call 949-306-8416

Call Jesse to get started and learn about low down payment FHA loans! 949-306-8416


NEW FHA GUIDELINES | See the major changes that can affect your purchase loan

New FHA Guidelines

On September 14 FHA issued a new handbook for FHA mortgages. You can download the new guidelines here.

Some of the major changes are listed here below:

Tax Liens ( Improvement): 

Tax liens may remain unpaid if the borrower has entered into a valid repayment agreement and has made at least 3 months of timely payments (formerly it was 6).

Payments may not be “pre-paid” and the tax authority must agree to subordinate the lien to the 1st TD.

Commissions Income ( Improvement):

Commissions can be used to qualify with just a 1 year history (formerly 2 years).

Voluntary Alimony or Child Support Payments (Good News):

They can now be counted if there is a 6-12 month history of receipts.

Multiple FHA loans:

Borrower may now ONLY obtain second FHA loan for new principal residence when relocating for employment and their current residence is more than 100 miles from new residence area.

Mixed Use Condos (Improvement):

Formerly: No more than 25% of the total floor space could be devoted to commercial use, now 51% can be commercial.

Satisfactory Credit -this has been more clearly defined to include:

  • No 90 day  late payments for revolving, installment debt payments accounts in the last 12 months.
  • The borrower has made all housing payments on time for the previous 12 months – no 30 day late payments.
  • no more than (2) 30 day mortgage late in the last 24 months

New FHA Guidelines


Looking to buy real estate in Orange County, CA? email Jesse Madison now and get started!



NEW FHA Guideline Changes by category:

FHA Changes affecting credit:

  • IRS Tax Liens- tax liens are allowed to remain open with repayment plan, three months payments and subordination agreement are required. MORE RESTRICTIVE
  • judgments are allowed to remain open with repayment plan and three-month payments. MORE RESTRICTIVE
  • Deferred debt must be included in debt ratio MORE RESTRICTIVE
  • Authorized user accounts must always be included in debt ratios. MORE RESTRICTIVE
  • For all revolving accounts and deferred installment loans, including student loans when no payment exists on the credit report, we will use the greater of $10 or 2% on student loans; greater of $10 or 5% on all other debt. IMPROVEMENT
  • When an installment loan in repayment, including student loans in repayment, shows no monthly payment on the credit report, a statement is required. MORE RESTRICTIVE
  • On re-established credit, we will allow one collection account with a maximum of $500. Account must be dated more than 12 months prior to application. IMPROVEMENT
  • When an account is paid by a business, we must show the business related debt on the tax return. Now, we must also show that the debt was considered in the cash flow analysis of the borrower’s business. MORE RESTRICTIVE
  • Cumulative outstanding collection account balances of $2,000 or greater must be paid off at or prior to settlement or verify borrower has made payment arrangements and hit the DTI, or, use 5% of the balance in the DTI. MORE RESTRICTIVE
    • See Hud handbook for additional guidance if borrower’s reside in a community property state.
  • For a short sale borrower if they were current at the time of the short sale, we can finance before 3 years if the loan is manually downgraded with no mortgage or installment lates in the 12 months prior to short sale date AND 12 months prior to application date. MORE RESTRICTIVE
  • 30 day accounts must now have 0x30 in the past 12 months AND must document they have funds to pay the account in full. If the credit report reflects any late payments in the last 12 months, the Mortgagee must utilize 5% of the outstanding balance as the Borrower’s monthly debt to be included in the DTI. In addition to the 5% the borrower must have the assets to cover the outstanding balance. MORE RESTRICTIVE

FHA Changes for Income Requirements:Via-Cartama-opt

  • Balance sheet is not required for schedule C self- employed borrowers .IMPROVEMENT
  • If the borrower has more than 3 jobs in 12 months, we need to show required schooling or consistent increase in pay to qualify.MORE RESTRICTIVE

-transcripts of training and education demonstration qualification for a new position; or

-employment documentation evidencing continual increases in income and/or benefits.

  • In addition to a copy of the VA Award Letter, a copy of VA Form 26-8937 (Verification of VA Benefits) is required to prove income. MORE RESTRICTIVE
  • Capital gains or losses generally occur only one time, and should not be considered when determining Effective Income. However if a consistent gain or loss, 3 years tax returns are required to evaluate. CLARIFICATION
  • Future income no longer requires a paystub. The loan can close with an offer letter, provided that employment begins prior to close. IMPROVEMENT
  • Non-taxable income gross-up rate is capped at 15% instead of 25%. MORE RESTRICTIVE
  • When qualifying a borrower receiving commission income, a 1-year history receiving commission with the same employer is required. IMPROVEMENT
  • For borrowers serving in our military, the active duty expiration date on their LES must be at least 12 months out, OR we must have a LOX from the borrower stating their intention to re-enlist. CLARIFICATION
  • When a rental property is not listed on the Schedule E, we must obtain a 12 month lease agreement, verify 25% equity in the property, and date of acquisition. MORE RESTRICTIVE
  • We must obtain documentation from the private disability insurance provider showing the amount of the assistance with the expiration date of the benefits, if any, and the Federal tax return OR the most recent bank statement to evidence receipt of income . MORE RESTRICTIVE
  • Expected income from a family-owned business is not allowed. CLARIFICATION

FHA Changes regarding Assets:

  • Large deposits are defined as 1% of adjusted purchase price or appraised value. MORE RESTRICTIVE
  • For borrowers using joint bank statements; all non- Borrower parties (even spouses) on the account must provide a written statement that the Borrower has full access to use of the funds. CLARIFICATION
  • A salary advance cannot be used for funds to close. CLARIFICATION

FHA Changes regarding Property

  • Max age of appraisal is 240 days with an update (update extends appraisal, instead of update good for 120). IMPROVEMENT
  • Veterans on active duty are allowed to finance their home as a primary residence, provided we can document the home is occupied by the Veteran’s spouse . IMPROVEMENT
  • There are a number of site considerations. Refer to FHA 4000.1 handbook for guidance. CLARIFICATION
  • All common areas/common elements for condominium properties are to be included. This included, but are not limited to lobby/foyer, hallways, laundry facilities, storage areas, recreation facilities. CLARIFICATION
  • Comparable photos taken by the appraiser are to be shot at an angle, such that one of the sides is available . CLARIFICATION

FHA Changes regarding Purchase specific Changes:

  • Letter from homeowner is required if borrower is living rent free. CLARIFICATION
  • When a borrower is relocating, the new home must be at least 100 miles away from their current residence. MORE RESTRICTIVE
  • If a borrower is converting their primary residence to an investment property, it must be 100 miles away, they must have a security deposit, one year lease, AND 25% equity in the converted property. MORE RESTRICTIVE
  • There are no more HOC vacancy factors – 25% vacancy rate across the board. MORE RESTRICTIVE
  • Any EMD greater than 1% of the value of the home must be documented . MORE RESTRICTIVE
  • Any gift funds used toward an EMD must be documented, even if it is less than 1% of the value of the home.  CLARIFICATION
  • Gifts of equity always require a gift letter. Purchase Agreement is not acceptable . MORE RESTRICTIVE
  • On a Purchase transaction, a second lien from a HUD-approved nonprofit cannot cover a borrower’s minimum required investment . MORE RESTRICTIVE

Juan and Gloria smallMiscellaneous Changes:

  • If subordinate financing exists, the total of both mortgages may not exceed the national mortgage limit. IMPROVEMENT
  • For a non-permanent resident alien, an Employment Authorization Document (EAD) is required. MORE RESTRICTIVE


For more information on purchasing Orange County Real Estate with just 3.5% dow using new FHA guidelines please call Jesse Madison at 949-306-8416

Open House in Laguna Beach Sun 1-4pm

Open House Laguna Beach

Join us at 22191 Paseo Del Sur, Laguna Beach CA and see what this amazing 3 bedroom ocean view home has to offer! Or call Jesse at 949-306-8416 to schedule a private showing!

Laguna Beach Ocean Views

Laguna Beach Ocean Views

CAR Market Forecast | CAR is predicting a 3.2% market increase in 2016

CAR Market Forecast

CAR is predicting a 3.2% market increase in 2016 citing a strong foundation and credit easing as leading factors. Read the whole story here.

CAR Market forecast

Emi looking up 2016 forecast

October 8, 2015

C.A.R. releases its 2016 California Housing Market Forecast

California home sales to increase slightly, while prices post slowest gain in five years

LOS ANGELES (Oct. 8) – California’s housing market will continue to improve into 2016, but a shortage of homes on the market and a crimp in housing affordability also will persist, according to the CALIFORNIA ASSOCIATION OF REALTORS®’ (C.A.R.) “2016 California Housing Market Forecast,” released today.

The C.A.R. forecast sees an increase in existing home sales of 6.3 percent next year to reach 433,000 units, up from the projected 2015 sales figure of 407,500 homes sold.  Sales in 2015 also will be up 6.3 percent from the 383,300 existing, single-family homes sold in 2014.

“Solid job growth and favorable interest rates will drive a strong demand for housing next year,” said C.A.R. President Chris Kutzkey.  “However, in regions where inventory is tight, such as the San Francisco Bay Area, sales growth could be limited by stiff market competition and diminishing housing affordability. On the other hand, demand in less expensive areas such as Solano County, the Central Valley, and Riverside/San Bernardino areas will remain strong thanks to solid job growth in warehousing, transportation, logistics, and manufacturing in these areas.”

C.A.R.’s forecast projects growth in the U.S. Gross Domestic Product of 2.7 percent in 2016, after a projected gain of 2.4 percent in 2015.  With nonfarm job growth of 2.3 percent in California, the state’s unemployment rate should decrease to 5.5 percent in 2016 from 6.3 percent in 2015 and 7.5 percent in 2014.

The average for 30-year, fixed mortgage interest rates will rise only slightly to 4.5 percent but will still remain at historically low levels.

The California median home price is forecast to increase 3.2 percent to $491,300 in 2016, following a projected 6.5 percent increase in 2015 to $476,300.  This is the slowest rate of price appreciation in five years.

“The foundation for California’s housing market remains strong, with moderating home prices, signs of credit easing, and the state continuing to lead the nation in economic and job growth,” said C.A.R. Vice President and Chief Economist Leslie Appleton-Young. “However, the global economic slowdown, financial market volatility, and the anticipation of higher interest rates are some of the challenges that may have an adverse impact on the market’s momentum next year. Additionally, as we see more sales shift to inland regions of the state, the change in mix of sales will keep increases in the statewide median price tempered.”


2016 California Housing Market Forecast 

CAR Market Forecast

CAR Market Forecast

p = projected

f = forecast

Leading the way …® in real estate news and information for more than 110 years, the CALIFORNIA ASSOCIATION OF REALTORS® ( is one of the largest state trade organizations in the United States, with more than 175,000 members dedicated to the advancement of professionalism in real estate. C.A.R. is headquartered in Los Angeles.

CAR Market forecast for 2016 directly from CAR Website

Back on Market! OCEAN VIEWS! PRIVATE LOCATION in Laguna Beach!

Hurry! Don’t miss this opportunity to see this amazing Laguna Beach 3 Bedroom home.

Enjoy stunning Laguna Beach sunsets and ocean views from both the living room and master bedroom.

The home boasts added privacy as it nestles up to Laguna Beach parkland. Truly unique! Call Jesse Madison for a showing today! 949-306-8416

Laguna Beach Ocean Views

Laguna Beach Ocean Views!