Torelli Realty Sees Rise in Orange County's Luxury Short Sales

Costa Mesa, CA, April 30, 2010 --(PR.com)-- Costa Mesa real estate company Torelli Realty follows the short sale market in Orange County, California. 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 one of the infmaous Real Housewives of Orange County. One of the star's homes 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. Torelli Realty also notes an increase in the number of short sales in Costa Mesa and throughout Orange County, thanks to more lenders giving them consideration.

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 Realty
Torelli 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.com
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