Real Estate Los Angeles CA, Orange County Real Estate, Los Angeles Foreclosure

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Our team of REO Brokers and REO Specialist Agents have the reputation & commitment level you deserve from a full-service REO listing realty company. We are an energetic group of REO Brokers and REO Selling Agents covering Los Angeles and Orange Counties. As top producers we always welcome new clients & look forward to developing a strong work relationship with you. We are standing by to handle any of your Southern California REO and Real Estate Buying or Selling needs. Find out more about Modern Realty Company.

Los Angeles Real Estate & Orange County Real Estate
Los Angeles CA, the City of Angels, is the second largest city in the United States. Well known for its culture, technology and international trade, Los Angeles is a great place to work & live. Real Estate in Los Angeles is very diverse. When considering buying real estate in Los Angeles you will have many great suburbs, neighborhoods and cities to choose from. Los Angeles County is divided into many neighborhoods, cities and towns including Hollywood, Highland Park, Wilshire, San Fernando, Venice Beach, Bel Air, Burbank, Long Beach, Huntinton Beach, Newport Beach, Inglewood, Corona and many more.		Orange County, CA is located just south of Los Angeles County and is considered a suburb of LA. Otherwise known as the OC, Orange county residents take their county name as a label of their cultural identity. You will never be bored in the OC as there are a plethora of places to see and things to do! A famous tourist destination and a thriving community, Orange county is the place to be. You will find that Orange County has a history of large master planned communities. OC housing ranges from beachfront estates, gated communities and luxury town homes to tract homes, condominiums and apartment rentals.
You Can Search all Southern California Real Estate, Orange County Real Estate and Los Angeles CA Real Estate by using the buttons above.

Los Angeles CA Real Estate MLS

You can use our valuable Los Angeles MLS & Orange County MLS (Multiple Listing Service) searches above and search the entire MLS like the REALTORS do! Instantly view all Los Angeles Homes for Sale, Orange County Homes for Sale, Virtual Tours, detailed home information, Maps and much more!

You will also find very useful tools on this site. Whether you are a first time home buyer, Selling your home in Los Angeles, Purchasing an investment property or a Los Angeles Foreclosure property, you will find everything you need here.

Real Estate Los Angeles CA & Orange County CA:

Hot Property: Scarlett Johansson, Ryan Reynolds buy Los Feliz house for $2.9 million

9/4/2010 2:00 AM

The 1960s Buff & Hensman-designed Wong House has a pool, a walled garden and downtown and ocean views.....It seems as though actress Scarlett Johansson had no sooner sold her old place in the Hollywood Hills than she and her husband, actor Ryan Reynolds, closed on a house in Los Feliz for $2.9 million.

Home of the Week: Chateau on Lake Arrowhead

9/5/2010 2:00 AM

Completed a few years ago, a Normandy-style estate was built to look a century old.....Glen and Linda Keane felt guilty about tearing down the O'Melveny family home. After all, John O'Melveny was part of a group of Los Angeles businessmen who formed Lake Arrowhead Co. in the 1920s and oversaw the lake's development into a popular resort desti...Read More

Fannie Mae tries to stimulate market for foreclosed homes

9/5/2010 2:00 AM

The mortgage giant quietly launches the HomePath program, which offers subprime-era terms for buyers: minimal down payments, no appraisals, no mortgage insurance and lower minimum credit scores. ....If you're a buyer with little cash or a small-scale investor looking for a deal on a foreclosed house, a little-publicized national lending progr...Read More

Home of the week update

9/5/2010 2:00 AM

How some of our previously featured properties have fared in the sales market.....Buff & Hensman-designed beach house

9/5/2010 2:00 AM

Lenders lose an estimated $310 million annually in undervalued short-sale transactions, according to a study released in August.

9/5/2010 2:00 AM

Question: I am fed up with my homeowners association and successive boards for sabotaging owner requests for records and refusing to fix maintenance problems in common areas that directly affect individual units. I believe I have no other choice than to sue the association and the boards. What are the steps I have to take?

Locking out tenant is probably illegal

9/5/2010 2:00 AM

Keeping tenant out over concerns of illegal activities may be viewed as a 'constructive eviction.' Such moves as changing the locks to prevent access can bring significant penalties.....Question: I own a couple of houses that I rent out for extra income. Unfortunately, they are not in the best part of our town. I have a tenant living in one ...Read More

Index of pending home sales rises 5.2%

9/2/2010 11:31 PM

July's increase from June in the National Assn. of Realtors' gauge for previously owned residences follows two straight months of declines and a report that sales of such homes dived 27.2%.....An index of home purchase contracts for previously owned dwellings unexpectedly increased 5.2% in July over June, the National Assn. of Realtors said T...Read More

Mortgage rates set new record lows, might hold steady next week

9/2/2010 11:30 PM

Treasury bond yields, which influence the home-loan rates, have surged since Tuesday.....Mortgage rates fell for the 10th time in 11 weeks, setting fresh record lows, Freddie Mac reported Thursday. But a rebound in Treasury yields in the last two days raises the possibility that home-loan interest costs won't fall again next week.

KB Home says SEC investigation over

9/2/2010 2:00 AM

The home builder's stock soars 11% after an announcement that there will be no action taken as result of an investigation into the company's accounting procedures.....Shares of Los Angeles-based KB Home soared on Wednesday after the home builder said an investigation by the Securities and Exchange Commission into the company's accounting and ...Read More

Real Estate Los Angeles CA & Orange County CA:

Do the state's OT rules hurt workers?

9/8/2010 8:21 AM

Some workers say they are at a competitive disadvantage because of California’s overtime rules, which require employers to pay overtime after eight hours in one day rather than after 40 hours in one week. Here’s the experience of one worker,.....Read More

Key lawmaker drops O.C. fairgrounds deal

9/7/2010 6:19 PM

The sponsor of legislation to sell the Orange County fairgrounds to Costa Mesa threatened to derail the deal Tuesday.Assemblyman Jose Solorio, D-Anaheim, said "I am now recommending to the Governor that he consider dropping the sale altogether," in a.....Read More

Spitzer may run for supervisor

9/7/2010 7:12 PM

Todd Spitzer for ... county supervisor? Yes, even post-firing, Spitzer has said he still plans to run for district attorney in 2014. But what is he going to do to maintain his profile and increase his fundraising ability until then? Well, his old 3rd.....Read More

Column: Homeless woman lands the job of her lifetime

9/7/2010 3:20 PM

Wearing black slacks and a pink dress shirt, Carol West stepped off the bus at Main Street in Santa Ana and sat down to await her transfer. She'd traveled this road many times in the last five months, since she and her husband, Mark West, had slipped.....Read More

Excessive force case costs county $260,000

9/7/2010 7:45 PM

We hate to say we told you so… but …. Recently, we not-so-gently suggested that the county might consider settling a lawsuit involving an Old English sheep dog, a woman named Toy (who suffered a nasty black eye), and Orange County Sheriff’s.....Read More

4-year-old dies after falling out of moving vehicle

9/7/2010 9:47 PM

SANTA ANA - A 4-year-old boy died Tuesday after falling out of his family's van as it drove down Bristol Street, police said. Paul Ramirez of Santa Ana was fatally injured after falling out of the moving vehicle as it accelerated through the 3000.....Read More

Authorities find body in car with biohazard stickers on windows

9/8/2010 12:09 AM

ANAHEIM – Police and a hazardous-materials crew responded to a body found in a vehicle decorated with biohazard stickers, authorities said. Authorities believe that someone may have used cyanide to kill themselves in a vehicle that was found parked.....Read More

Off-duty firefighter killed by big-rig on 22

9/7/2010 12:40 PM

GARDEN GROVE – An off-duty Los Angeles County firefighter died Tuesday morning after being struck by a big-rig traveling on the eastbound 22 freeway. Dean Stewart, 47, appears to have died after walking in front of a big-rig traveling in the No. 3.....Read More

Baby dies after being hit in crosswalk

9/7/2010 1:45 PM

HUNTINGTON BEACH – A baby was fatally injured and a woman and 11-year-old are in critical condition after being struck while crossing the street Tuesday morning. The accident occurred shortly before 10 a.m. at Springdale Street and Croupier Drive.....Read More

World's best surfers coming to Trestles

9/7/2010 5:50 PM

The world’s top talent of surfers will be taking on the waves at Lower Trestles next week, as the Hurley Pro gets underway at the secluded surf break. It’s the sixth stop of 10 on the Association of Surfing Professional World Tour, and the first.....Read More

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