PORTOLA HILLS LIVING by Kelly Turbeville

I am pleased to announce that after careful consideration, I will be offering a new service Mortgage Review for my clients. Throughout the past year, I have been asked by our valuable clients on what is the best move with their mortgage and have been happy to provide directions. With the current market conditions the number of short sales and foreclosures have increased and this makes me sad. I hate seeing the first response this crises, I guess we will need short sales or foreclose or the feeling of frustration when you call your lender and get no help. So in response I have decided to include as one of my services the option of Loan Modification and have aligned my self with a company who has great success in just that. Our goal is to save your home ! If you currently have negative equity, worried about your loan being reset, see trouble on the horizon and would like to KEEP YOUR HOME, then we may be able to help. As always my goal and service pledge is to understand your

Below I posted a new listing and wanted to do a quick update. The home has gone into escrow and it just goes to show how much the market is changing . No doubt this was deal, just a couple of weeks before the same model closed escrow at $420k. But was is key here is when the home was placed on the market. After it was bank owned and approved. Nice for the sellers, instant equity when in these days it is hard to come by!

Great condo available, 3 bed/ 3 bath and ready to move in has come on the market and it is a steal. Same model just closed escrow at $420k. Check it out!

New On the Market 18994 Canyon Tree 2 bed/1 bath/975 sq.ft. $279,000 18895 Canyon Smt. 2 bed/2 bath/1050 sq.ft. $335,000 28504 Sorano Cove 3 bed/3 bath/1205 sq.ft. $340,000 28886 Canyon Rim 2 bed/ 2.5 bath/ 971 sq.ft. $375,000 28732 Vista Santiago 4 bed/ 3 bath/1731 sq.ft. $529,000 18856 Vista Portola 3 bed/3 bath/1623 sq.ft. $549,900 19631 Highridge Way 4 bed/4.5 bath/3100 sq.ft. $899,900 Sold Properties 28896 Canyon Hts. 2 bed/2 bath/1038 sq.ft. $279,000 18946 Canyon Smt. 3 bed/2 bath/1130 sq.ft. $299,000 28361 Pueblo Drive 2 bed/2 bath/1051 sq.ft. $300,000 28651 Pendleton 3 bed/3 bath/1561 sq.ft. $425,000- Someone got a deal! 19394 Highridge Way 3 bed/3 bath/2160 sq.ft. $520,000 - Another Steal 19592 Highridge Way 2 bed/3 bath/1891 sq.ft. $533,000 28563 Malabar Rd. 5 bed/4 bath/2821 sq.ft. $689,000 - Finally! Just Listed: 4 bed/3 bath/2100 sq.ft. Mission Viejo Monterrey Masters Single Level on a 15,000 sq.ft. lot – Priced to sell $749,000 This floorplan rarely comes available.

A quick look at the new Housing Bill signed into law today! A temporary increase in mortgage revenue bonds to refinance subprime mortgages. L enders would write down qualified mortgages to 85% of the current appraised value and qualified borrowers would get a new FHA 30-year fixed mortgage at 90% of appraised value . Borrowers would have to share 50% of all future appreciation with FHA. The loan limit for this program is $550,440 nationwide. Permanent Conforming loan limit of $625,000 First-time home buyer tax credit , which allows first-time home buyers to receive a tax refund worth up to 10 percent of a home’s purchase price, up to a maximum of $7,500. The refund serves as an interest-free loan and the homeowner is required to repay it in equal installments over 15 years. New regulator for Government Sponsored Enterprises to restore investor confidence in GSE loans and help the market and economy stabilize. Temp

Did you know the city of Lake Forest has a recreation center on wheels that visits city parks each week for just some FREE plain fun. Did you catch that it is FREE ! In Portola the events take place each Wednesday from 10:00 am-12:30 pm at Concourse Park. When the Rec N' Roll group rolls into the area there will be sports activities, board games, craft projects, water fun, carnival games with prizes. Each will the group will host a different fun theme to inspire creativity and fun. July 7-10 - Fear Factor July 14-17 - Craft Craziness July 21-24 - Carnival Madness July 28-31- Parents vs. Kids Aug 4-7 Obstacle Course Fun Aug 11-14 Water World Aug 18-21 Rec ' N Roll Olymics Contact the Community Services department in Lake Forest

Portola Hills eNews New On the Market Property Details Price Comments 28474 Porsena Way 2 bed/2bath/940 sq.ft. 2 car attached garage $299,900 Investment Potential 28906 Canyon Hts. 3 bed/2 bath/1130 sq.ft. $299,999 28463 Klondike Dr . 3 bed/3 bath/1216 sq.ft. $355,000 28890 Canyon Hts 2 bed/2 bath/ 1087 sq.ft. $399,000 28751 Vista Santiago 3 bed/3 bath/1623 sq.ft. $579,000 Beautiful View 28541 Brookhill 4 bed/3 bath/2500 sq.ft. $735,000 19492 Jasper Hill 5 bed/3 bath/3200 sq.ft. $879,000 Sold Properties