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Tamra Barney, one of the stars of cable TV’s “Real Housewives of Orange County,” has listed her home in Ladera Ranch for $1.6 million.
Barney told me that she and her husband, Simon, are trying to be opportunistic about the weak housing conditions. They hope to sell the 4,300-square-foot, 5-bedroom, 5.5-bathroom home and then pounce on one of the many bargains created by economic turmoil. (Click on the pictures above for a larger view!)
Photo by Jebb Harris
“We’ve been wanting to sell, but watching prices going down … So we’ve decided we’ll bite the bullet.”
Tamra says the couple “isn’t upside down, like a lot of people” with their housing financing – public records say the home was bought in 2005 for $1.3 million. And “if it sells, it sells. If it doesn’t, that fine, too.”
If the couple can sell the home, Tamra says, she’d like a new place that offers the family some additional privacy. The couple is raising four kids and Tamra says their current neighborhood offers little in the way of security against folks wanting to occasionally gaze at a celebrity’s home. And this Ladera home, located on a small cul de sac, often appears in the show.
“We’d (like to) pick up a foreclosure, or a vacant lot — where ever. We know we can get a hell of a deal,” Tamra says.
Part of last season’s story line on the Housewives reality show included discussion about Tamra’s work in real estate. She says that won’t happen in the upcoming season — which starts later this month on Bravo — because (1) she was unhappy about how her business acumen was portrayed; and (2) she’s taking a break from real estate as the market stays chilled. (Tamra is listed as the agent for her home.)
“It was easy money,” she says of real estate a few years back. “Right now, it wouldn’t be worth what I’d pay a babysitter.”
“I haven’t given up, it’s just that I don’t have to pound the pavement, so I won’t.”
Other celebrity Orange County home sales:
- Actor Nicolas Cage sells Newport home for record $35 million
- Adult actress pays $3.4 million for Surf City home
Other Orange County business news:
- Wyndham opens big timeshare in Anaheim
- Fund for jobless pay down 45% since May
- The home: $4,950,000. The neighbors? Priceless
- 10 ways for guys to kill time at South Coast
- Lamborghini O.C., largest dealer of exotic cars, closes
- O.C. property broker cuts 100 sellers, hiring 100 new ones
- CEO: Broadcom strongest ever, despite economy
- Arbitrator backs Fisker over Tesla in green car spat
- Verizon Wireless improves cell coverage in O.C.
- Tell us: ‘Who’s to blame for the housing mess?’
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She thinks the place is worth more now than it was in ‘05?? Only in Realtorville, good luck with that.
Comps are max 1.370M for this size in Covenant Hills. After she pays the buyers commish and closing costs she is upside down. Maybe somebody will pay more to live in a Real Housewife house.
1.3 mil in 2005? = $800 in 2008, unless there is some start struck person with more money than cents.
Why would she choose to live in Ladera Ranch to begin with. If you have money, live closer to the beach. If you pretend to have money, you can get a lot of square footage under 1.5 Million in Ladera Ranch.
Real Bimbo of OC has again shown us why people think we are greed driven morons…more now than in 05′ a the peak…GENIUS!
HILARIOUS! That McMansion, wedged in between two other McMansions 15 feet on either side of the yard, isn’t worth what she paid for it back in ‘05. The tiny rooms, the small kitchen with giant overpriced commercial-grade steel appliances, and the white-bread “staging” from last years Pottery Barn catalog won’t help much, although in a realtors delusional mind that probably adds 250 Grand to her inflated asking price.
This McMansion that sold for 1.3 Million in ‘05 will be worth 850 thousand in ‘09, and 775 thousand in 2010. She won’t see her 1.6 Million asking price until around 2022.
Keep the Sunday funnies coming OC Register. I love a good laugh!
The second picture is my favorite!….
The gracefully mossy 10 square foot “sitting garden” off of her short stamped concrete driveway with the lovely stone art piece from Smith & Hawken plays nicely off of the blue plastic Port-A-Potty staged delicately in the background.
Classy! Elite! Ladera! OC! Hold Your Nose When You Go In!
There’s Frank Mickadeit’s story for next week.. A sissy story just like him.
Cant you all read between the lines? They, just like most of the South County fakes must have now owe 1.6M and cant handle the new payments. Its going to be fun this year to watch the new show and see how they spin OC ?? Will they show all the empty houses and people out of work??
It is priced well above nearby listings by 300 - 500k, but the silly thing is there is probably some OC Housewife-wannabe out there who will be all over this “famous” house. I wouldn’t be surprised if she actually managed to capitalize off of her pseudo-stardom.
It’s MLS #S552635 is anyone is interested, you can see the full listing (as well as comps) on the socalmls website.
This house will be a f/c in 6-9 months…this mindless bimbo will be working the streets in a year..
The best line was needing privacy as a celebrity….uh, ok hun. Celebrity? Maybe on your street.
Why can’t Tamra Barney admit to the truth that she & her husband (car saleman at Fletcher Jones) can no longer afford to live in a pretentious world that they have money. There is a difference between people who live in Coronda Del Mar /Newport Coast for many years with real money instead of people wanted to pretend that they are wealthy and show offs who only live in mediocre area like Ladera Ranch. Real bimbo who is so pretendious. They should rename the show from Real Housewives of OC to the Real Bimbo/Pretentious/Low Class Housewives of OC.
HAHAHAHHAH! what a laff. Taking a break from real estate..teeeheeee! more like U cant sell anyways U dumb faux blonde
“We’d (like to) pick up a foreclosure, or a vacant lot — where ever. We know we can get a hell of a deal,” Tamra says.”
A vacant lot? Where, Victorville? Is the birthday watch at the pawn shop yet?
Pure comedy I’ll tell ya!
No publicity please…but i will agree to do an interview for the OCR, and I will be back on the Desperate HW of the OC…comical.
she’s not a celebrity. And if she wanted privacy for her family she would’nt be on that stupid a$$ show in the first place. and stop trying to pose so sexy on the lounge chair.
Tamra Barney , there are alot of empty lots in Riveside or San Berndino mountains , move there and take Frank Mickadeit with you.
They are trailer park trash - let them move to a suitable location!
For some odd reason, this story reminded me of that lady in Newport who had 500,000 of jewelry stolen. I think her name was Vonda Simon. Anyone know what ever came of that?
A Celebrity ? Maybe in your own mind. What a joke. These reality shows actually make these people think they are somebody. She is in fact a spoiled, full of herself female. She needs a dose of “reality”
Wow, these posts are comical. Great reading.
DID YOU KNOW LADERA RANCH MEANS “WHITETRASH” IN SPANGLISH?
Quote: Tamra says the couple “isn’t upside down, like a lot of people”
Unless they used one of those silly 95% financing Neg/Am loan with a piggy back 2nd mortgage at time of closing, and then refinanced the equity back out 1 month later.
“Celebrity” status? You have got to be kidding. Right?!
Not all people in Orange County who own homes have lost money on their homes. Not all people in Orange County have lost their jobs.
I bet hubby isn’t selling as many cars at fletcher jones anymore . After they get foreclosed on I am sure Tamra can walk to streets of Harbor Blvd. for some extra cash. By the way, not seeing as many new cars on the road in OC. Hmm wonder why. The home atms are closed.
These people are truly hilarious…Celebrity? That is classic all by itself.. Lady, let me revisit some old memories…You are some trash bin who was hired on by your typical fake ass pasty who needed a fake blond arm trinket. You have zero education and have zero marketable skills. You could not make rent in a One Bedroom Apt in Desert Mission Viejo (Ladera Ranch), I mean Covenant Hills…lol
What we have here is a couple of fronting fakes who bought way over their heads and are feeling the pinch. Dear Barney,
Why would you agree to do an interview with OCR when you are obviously hurting? You people are the real reason I will be leaving OC asap!! This place use to be chill about 20 years back. People weren’t as pretentious and so concerned how everyone else views them.. Now all I see are fakies driving Range Rovers and Mercedes E350′S rushing off to work so they can pay that 1250/mo. pmt…….Just fantastic…At least you look super awesome when you drop the kids at St Mary’s and pick up the Ten Star Grade AAA Boars Head from Gelsons..Man I wanna be successful some day:).
OK, I’ll stop for now..
Nothing ventured, nothing gained.
Wanna LOL … watch this:
http://www.youtube.com/watch?v=bNmcf4Y3lGM&eurl
Her husband works at Fletcher Jones?! Really?
No wonder they are selling. Mercedes-Benz sales dropped 25% last month, litterally fell off a cliff, after a year of steadily declining monthly sales in the 5-10% range. Sales at MB were already very weak and weakening month to month, and then October they just froze up completely. The poor guy is probably up to his eyeballs in debt and his paycheck just got slashed. I almost feel sorry for him, but his pretentious and fake wife kind of ruins it for me.
A realtor and a Mercedes salesman, living in a McMansion in Ladera during the great big-ticket sales crash of ‘08. It’s almost like you couldn’t write a more tragic love story if you tried.
She is way upside down on the home. On Friday a larger home on Bell Pasture in Covenent Hills sold for $1.15m. Or how about the custom 5800sq foot colonial on Forest with the original asking price of $3.8m and Washington Mutual took back for $1.8m at the trustee sale and just sold for $1.4m, the hard and soft costs were over $2m.
My dear 15 NOD’s were filed in Covenent Hills just in Sept. It’s a hard sell to move the home at this time, don’t waste your time. At best it’s going to sell for $250sq foot, and that would be a getting real lucky. You are going to need to write a check to get out of the home.
What disgusting comments from angry renters.
ladera ranch is the OC equivalent of Riverside, way out in the boonies where it is HOT HOT HOT. Maybe Hefner will write her a check for a pose, any takers?
Kick back and enjoy your stunning home with your beautiful family, Tamra. Don’t sweat these losers.
This is typical for Ladera Ranch, especially Covenent Hills. A better story than Tamra’s? How about a mortgage salesman and his wife (also in mortgages) buy at the peak with $100k down (on a $2M+ home at the time), and then go into foreclosure on it and one other place they own in south O.C that they leveraged to the hilt with trips to the mortgage ATM……what a joke. A non-Kool Aid drinking realtor friend told me their place in Covenent is likely worth $1.4M now. Gulp. Unfortunately this is a true story.
Ladera is easily the nicest off coast community in OC. And since OC is arguably the nicest county in the US then you get the point.
This bimbo is just that, a wannabee 15 minutes of famer. You boneheads watched the show to even give her the 15 minutes.
Like many in OC and around the country, she is probably overleveraged…yeah they bought at 1.3, but can we say REFI?
Yeah, her next 15 minutes will be in vegas doing some low grade porn, then a sweet little speed addiction to follow.
This nutlick is not a Ladera Housewife by any means.
I don’t know that everyone commenting negatively here is a renter, but there does seem to be a lot of unwarranted and misdirected anger.
Dont be a queen Jason, Anger, Ignorance and occassional facts are the lifeblood of any good blog.
Simple…slamming a fine community for over one filthy leg splitter is not acceptable.
This pig and the dude she rode in on will end up foreclosing and moving to their new silver bullet tripple wide in the outskirts of Vegas so she can keep her fledgling ‘acting’ career alive.
There’s really nothing for me to add other than ~ NO!
Since when did car salesmen and realtors live in $1.3M homes?
Her taxes are over 21K a year (and they are current). That’s over $1,750 a month for just property tax. Looking at her 1st loan amount she doesn’t own this house the bank does. Thanks but no thanks.
If she thinks her place is worth more than she paid I guess she will not ask the County to lower her taxes.
I am sad that their situation and many others are in the same pot. I will tell you that car sales are dead. While Simon may have been making over $150,000 a year, if he makes 12,000 a year now he is doing well. I am soooo happy we did not buy in Covenant Hills. Wait until the 73 goes thru and her house will be worth 500,000!
Are we supposed to actually care about this or her? When did the Register lose touch with actual news??
I wish her luck, she will need it. Most the homes in the area appear to have been on the market 150 days or more. That doenst take into account those that have been off the market than back on again.
I know a few couples like these, they are not in a good situation. Both are going through a divorce and trying to figure out who is going to be on the hook for a house that neither can afford. I hope it works out for them. I get a feeling it wont.
This house is nearby, I like it even better and it is 500K lower.
http://www.redfin.com/CA/Ladera-Ranch/33-Lewiston-Ct-92694/home/5862904
SO, so typical in “Fraudera Ranch!” Good luck!
Hey, give her a break, she’s a lot better looking than Rants.
Ladera Ranch is a great community!
She owes $1,750 per month in property tax.
Plus $400 per month in Covenant Hills HOA dues.
That’s $2,150 per month in just taxes and dues, and doesn’t even touch her mortgage. Let alone the Nordstrom card and her leased Mercedes from Fletcher Jones.
This woman is a sham, and now that neither she nor her husband are pulling in a decent paycheck from their collapsed sham industries (realty and leased luxury cars) it should be interesting to see how long she can hang in there and keep up appearances for the viewing audience at home.
Simon quit Mercedes and is working at home.
“Last season viewers saw Tamra Barney building her real estate business and trying to balance work, kids and husband. This year, she’s traded it all in to be a stay-at-home mom. Her husband, Simon, has decided to quit his job at the car dealership and stay home to spend more time with his wife and family and pursue various entrepreneurial opportunities. He’s working out of their Ladera Ranch, CA home and driving Tamra crazy.”
$2,150 in property taxes and HOA is not that much.
Troy, why do you care? Think positive and wish others well!
Celebrity!!???? Right….. The home is not worth that. It is the typical Ladera Home. What a joke.
A realtor and a mercedes dealer are trying to sell their “$1.5 Million” home to take advantage of great recession deals….
lllooolll@ribsplitter….
… that’s not a reality TV show, that’s a comedy of errors…
What haters! How is it that they are frauds when they had the income to support this home? If you believe the diarreah spilled here, their circumstances have changed due to the overall economy. I repeat: how is it that they are frauds when they had the income to support this home? You lowlifes and your mongrel kiddies will never live like this on your best day!
I actually like Ladera. And my previous comments were not of joy due to their misfortune in their respective industries. Auto sales and RE are fine careers…people will always buy homes and cars. Contrary to what you bears want to believe. This economic contraction is not just affecting them…there are many others who will be hurt by all of this…small business owners who own eateries, insurance companies, boutiques, etc.
No matter what many of you say here, you cannot hurt them anymore than what they have done to themselves if in fact they are facing serious economic problems. Do not take joy in the misery of others…God is keeping score. And if you do not believe in God, taking said joy just makes you appear an immature, mean-spirited “human being.”
What I found comical was the “celebrity” lookers they need privacy from. Ohhhhh, ok.
brad, any income they once had to support his home was fake and unsustainable…
…. now the chips will fall where they may….
As much I am put off by the phoney celebrity bestowed on this woman and by the starried eyed adoration by the register, I will tell you that I do feel a real sense of saddness for the people who live in Ladera Ranch. I have seen where new homes in CH which formerly sold for $1,400,000 are now being offered at $650,000 just to close out the tract. There are beautiful homes listed more than 2 years ago for $3,000,000 now selling for $1,500,000. Admittedly some of the buyers in the area were speculators but they have mostly moved on and tossed the keys back to the bank rather than go negative, leaving many families that honestly purchased a home never imagining what was about to happen, holding the bag. I had hoped that things were beginnig to improve and it appeared they were; however with the election of Obama and his tax programs I’m afraid things may get worse before they get better. Many of the people that own homes in these areas are small business owners, Obama will increase their burden. Obama wiil take away the 25/500 exclusion on capital gains thus removing any reason for people to hold on for a recovery, this will cause another round of forced sales into the market depressing prices further. President Obama may even take away the mortgage interest deduction which would be the death knell. The good news is that if these things do occur and the country slides into a deep recession, 4 years from now Obama, Pelosi, Ried, Frank and Dodd will have to set sail in the dark of night in a row boat bound for politcal asylum in Cuba.
How is it fake, mav? What’s your point, besides that you’re a jerk?
Mav On High, tell us, in your infinite wisdom: what professions are acceptable for homebuyers?
Does she make any money from being on the show? I imagine she earned something for making a complete arss out herself..
brad, keep your clown show going, as I enjoy it…..
…. any profession that had vastly infated income from the QUADRILLION DOLLARS in credt default swaps was fake and unsustainable… it’s not coming back…and this neutron bomb is ticking closer to zero in 2009…. why do you need me to explain this to you?
as Helen Highwater intelligently points out, Ladera Ranch was a giant Credit Default swap that went TILT
Didn’t her husband buy her a 50,000 watch. He’s rich , he’s a car salesman. LOL!!! These people get everything they deserve. By the way, Brad is actually Tamra.
I thought I was long past the point of being shocked by comments on this blog, but the above remark about “mongrel kiddies” made me ill.
Can’t wait for January 20, 2009.
I lived in Rancho for years and then moved to Ladera Ranch (years ago). Ladera is actually not hot like it is in Rancho. When I lived in Ladera I was working in Ranch, I’d come home from work and it would be about 10-15 degrees cooler in Ladera. You have to remember, Ladera is just a couple of minutes away from San Juan. There are even parts of Ladera that you can see the ocean. Now I live in MV but I’m just over the bridge to Ladera so that’s where I do all my grocery shopping/Blockbuster/CVS etc. Ladera is going to fall and fall hard. Almost everyone there bought in the bubble. I’ve also noticed that the women of Ladera are starting to look older than they did a couple years back, I guess they are running out of money for the botox.
Hey OC Sucks, how do YOU know that Brad is Tamra? Are you one of those creepy stalkers peeping through the windows? Or do you hack into computers?
And the rest of you, how do you know the intimate details of the Barney household finances? Why can’t anyone simply accept an article at face value? Tamra wants to sell her home, whether it’s worth what she’s asking in today’s economy is another story.
well put les…well put.
Tamra is actually Brad and now Leslie.
Not even close and that just proves you don’t know JACK.
It is just a sad society in which we live…gays protesting against Christians…people reveling in the misfortune of others…hoping to get a glimpse of the carnage of a wreck…etc. Our society is charred morally. Nothing more.
It is fun make jokes about the misery of other. Keep the nasty comments coming! I have an hour to kill before my fight
Mulliganville is unemployed.
I think Ladera is a beautiful area and community for families. I don’t live there but it is way too far from any freeway for me to put up with. And yeah, kinda hot out there in the summertime.
Well said Mulligan
Actually the level of vitriol in our society and the lack of any empathy leads me to expect something akin to M. Knight Shamalans’ “The Happening” to occur at anytime.
I Think that Ladera Is Beautiful, I wish i could live there .. My friends live there and its a great place to raise a family.
public record shows first with WAMU 1,240,000(probably pay option) and 2nd of $77,500 for total of $1,317,500. Most likely payoff on first is much higher due to negative amortization. So this house is underwater sorry
Unreal….
I had several clients who bought in Ladera through the arms of “the liar loan”…I feel terrible for the folks who were really just trying to live the American dream and things went sour.. As for the many who bought way over their heads, I say good luck to you as you will definitely need it..
I know so many people who were doing just fine in their small Costa Mesa Homes, 100k in equity and deided to buy up and move to Newp or Turtle. Many of these guys had your typical trophy wife with the White H2 or Escalade on 22 inch rims running from play date to play date.. The Amex cards were being pushed to the tune of 6k per month while these jacks slaved away. Sadly, 80% of those “relationships” have exxpired like spoiled milk…
Orange County is so full of poop and many who live here don’t even recognize it..So caught up in appearing a certain way that they lose “self”….
As for Helen Hightower, I understand that you may have some concerns about Obama and many of his ideas may frighten you but how much worse can Obama be than the current administration? I sickens me to hear the so-called conservative mindset spew what they really don’t know..Obama has his work cut out for him and it will not be easy.. At least we will repair torn and flared relationships to start and revisit some peace and courtesy with others Countries we desperately need to remain cordial with..I really hate to take it here but I think the real issue is that many of O.C’s closet bigots just can’t handle a man and family of color holding the highest seat in Gov and having those keys to The White House…
Gotta say, Get over it..It’s real!!!1Take the sour disgruntled looks from those sun beaten brows and buck up..The looks on the faces of those at the McCain landslide speech was truly priceless…Astonishment had set in and the rally was as somber as an Immigration roundup in front of Home Depot…
Change has occurred and it was extremely necessary. American has let their voice be heard. Orange County didn’t want to but got served like certified mail…It is a wrap… Have a great balance of the week..
Does anyone know a Walter Serrano, formerly of Ultimate One on One Personal Training? Unfinished business and need whereabouts. He was known to frolic through these parts..
she does look better than rants.
9 handicap,
We know that the hypnotized never lie——Do Yah?
I have bad news for you but at this moment Obama is surrounding himself with the same Wall Street one worlders that Bush had surrounded himself with. The very same bunch that put us in the economic mess we are in now, Goldman Sachs, Citi, Merrill, etc. The CFR won and we all lost. Meet the new boss same as the old boss. You are in for a terrible let down. By the way I am not a Conservative, I am a Libertarian. And I would venture a guess that I voted for an African American before you did. Alan Keyes 1996.
She may be Hwood in his comfies
Brad is Simon! Shiesh…take a chill pill.
Laura-Ladera is only 3 miles from the 405. You may be thinking of Coto…now that’s off the beaten path!
I think she is still hot enough to get a new sponsor for her and her kids. Not much time left though.
Actually it’s the 5.
First of all, according to county records she isnt even on the deed of this house. Her husband owns it soley, secondly he bled the equity in 2007 by refinancing the first on a 40yr mortgage and taking out a line of credit…..grand total = $1,317,500.00. Yes Ms.Bimbo I would say you are upside down because you are not going to get 1.6 for it. I guess she thought she was the only one with access to county records.
Al & OC888,
lllooolll@ribsplitter…. thanks for making my day….
…. now to commiserate with Helen….. the sad part is we all know how this is going to end…. economically and socially……..
…… mercedes sales go up, the housing bubble comes back… they sell the home for $1.8M….. and they live happily ever after in 2009… lllooolll
They are into it (or at least he is) for over 1.3M and there are 30 properties within .5 miles either foreclosure or bank owned. Good times in Ladera.
So does Steve Thomas call this a distressed sale?……
or was this shadow inventory a month ago……….
……. or is this what realtors are calling a normal sale?
Oh, if anyone has any doubts about Obama surrounding himself with The Guys That Got Us Here, check out his selection for Sec of Commerce Penny Pritzker; Heiress to the Hyatt Hotel fortune and former head of Superior Bank in Illinois. In 1991 she came up with the bright idea of securitizing Sub Prime Mortgages into Mortgage Backed Securities. In 2001 with her still on the Board at the Bank, it folded up due to so many stinky loans made to ACORN types. They still owe depositors half a billion. We are screwed, glued and tatooed
How do you get access to see what someone owes on their home? Just curious what the owner of my place owes.
I’d love to know what my owner owes as well.
Just another point…if they bought the place for 1.3ish, the landscape job they did was no small piece of change. They are way upside down at this point. My guess is that landscape job is 200k!
That is what you call pent up supply. Hundreds to thousands of homeowners in OC waiting for the market to pick up before they list their homes - most will soon realize it will be years before the market will pick up again.
id offer about 300k for it. cmon give me a break tamra we all live in OC, so we know whats up. husband works in the car business, which is majorly tanking, so his income has probably dropped to almost 0. real estate, even the good agents r lucky to get a sale these days, and shes far from good. hmm i think the vacant land in victorville idea someone had might work out for them.
Those wanting to know the property info: contact a title company (preferably the one involved in your home) and ask them for the title report.
Ladera isn’t a bad place to buy if you understand the taxes and HOA’s involved. If one didn’t factor that in to their buying decision? That’s just bad business.
Savinginla…you can already see it happening..live…go to Redfin or Zillow and check out the newest listing and you’ll see how many are now being priced well below their comps. The smart people see the writing on the wall and are getting out now. Only problem is…the door way is too narrow so many will perish in the RE firestorm that is raging.
We live in Ladera and this summer we ran our air conditioner 3 times all summer. It really is not that hot. In the late afternoon the ocean breezes blow through. We lived in Dana Point and the weather actually is nicer in Ladera.
Also, not everyone in Ladera is upside down. We bought our home 6 years ago for $529K and homes are still selling for $950K+. I know that the early phases sold in the low $400,000’s for a homes around 3500 square feet. Ladera Ranch will go up again and is a great long term investment. Great planning and great schools!
Jonathan Lansner writes these stories like he thinks the readers are really stupid! Seriously do you think they are going to get 1.5 million? Seriously do you think they are not hurting? Seriously do you think that Covenant Hills can even hold value? The houses are not “custom” they are upgraded tract homes built to the lowest quality.
She’s not an agent anymore because she came in at the height of the market, when you didn’t have to even know how to spell agent. This is the time where Darwin’s theory of natural selection comes in to play, weeding out the weak and stupid.
But I’m sure the 40,000 Rolex she has may come in handy.
I agree with bestocmom and digdoug.
How a realtor could think a modified cookie cutter home will sell in the current crisis at a value over peak bubble prices is insanity.
This person is out of touch with reality.
I’m starting to wonder if the only way we will end this crisis is to stop bailing out these warped individuals and start putting them in to institutions.
Or they will just get a loan mod and pay 1% interest only for 10 years. On your dime!
Whats wrong with Victorville?
This saga sounds all too familiar.. These people wanted to roll the HIGHLIFE and ended up in a east Mission Viejo firestorm…
It’s not that I wish any harm on these folks, it’s just the way she comes off always fronting..Everytime there was a question about something that would make one assume that they were hurting, she would answer with some bull-ish and say something like “I don’t need to pound the pavement right now”……This is the problem with these types.. DELUSIONAL? !!!
Similar to the Repugnicans and as my friend Johnathan McCain wouls say, “My friends, we got em right where we want em”…..LOL
In Covenant Hills, they can see Riverside from their backyard….
brad, LMFAO….. Obama is drafting the plan now to save the housewives of OC…
these phonies are TOAST, a relic of the credit bubble
You could give them 0% for 40 years and they would still foreclose.
Most of these people will be out of work by the end of this crisis.
These people were buying porta-potties with tile roofs in Ladera for a million dollars.
The world has learned their lesson and this will never happen again.
These greedy people won’t stay in a home with negative equity hanging over their head for the rest of their life, no matter what the loan terms are.
Interest on a $1,000,000 for 30 years at 6% is $1,158,000. That same loan at 3% will pay $517,775 over 30 years. Problem solved! Kids, the cost of a home is only half the cost of the home. Man up! Anybody hear today’s Citibank news? Today’s Fannie news? Loan mods. Loan mods. Rah rah rah!
LMFAO
http://www.ocregister.com/articles/real-estate-market-1923233-one-housewives
your right brad, the credit bubble is just starting…..
LMFAO
http://www.ocregister.com/articles/real-estate-market-1923233-one-housewives
Brad, do you really think most people think about what they pay over the term of the loan? They worry about their monthly payments. A 1.3M loan at 5% would be $7,542 plus Ladera is at about a 1.8% tax rate for property tax plus Mello Roos which is an additional $1,733 per month. So they are looking at $9,275 per month plus HOA’s and Insurance. Almost $10,000 a month is a lot of money for a house!
Which they have been paying. If they really are in trouble, which I doubt, they will soon be paying much less.
brad, you honesty believe that people like this, with $1M+ mortgages, will be paying less?….. off topic question, when does your option arm recast?
Yeah, they’ve been paying it because he refinanced in 2007, guess that ATM house money is running out. That’s why they need to sell now. What a viscous cycle that must be, pulling money out of your house just to put it back into your house. How sad.
(hopefully I don’t post this twice, it says I posted it but I don’t see it, trying again)
“To qualify, borrowers would have to be at least three months behind on their home loans, and would need to have home loans worth at least 90 percent their house’s value. The interest rate or principal amount of the loan would be reduced so that borrowers would not pay more than 38 percent of their income on housing expenses, the industry official said.”
http://www.msnbc.msn.com/id/27660450/
Do you think they still have 90% of their homes value??? And do you think once the mod is worked, their payment won’t be more than 38% of their income? I don’t think so.
She is what you call an agent who “comes out of the woodwork” when the market is good. In other words, NOT a real agent!
The information that people have gotten about the mortgage is more than likely from the MLS Realist. You have to be an MLS member to access the tax records. Real estate agents have access to this.
She’s just covering up her soon-to-be foreclosure for the show & she’s probably doing the show to pay the mortgage. Sad!
God I love stories about these morons! What makes them think they’re anything special? No education, no real job (anyone who could fog a mirror could sell real estate the last 10 years), and most important, no intelligence! All these women have is big breast implants and hair extensions……and a warped sense of entitlement.
CAT
You don’t need to be a member of MLS to access recorded records. Anyone can go down to the county and request it. MLS pays companies like First American and Fidelity for this info. Anyone in real estate that has access to First American or Fidelity can get those records too.
Ok you people bashing Ladera, Riverside, and Victorville, you may not know that there are alot of beautiful places in So. Calif, than Orange County. Have you ever been to Temecula, it;s one of the most beautiful places I have ever seen. Orange county is not the premier be all of everything. It certainly is not very nice to put down other people’s place of living along with other people’s struggles, you never know when it might be you! I hope and pray that you do not sufffer the fate of others who are on hard time, Im sure that they do not wish you ill’s in your life. Tisha Barela, Temecula Ca, formerly of Fountain Valley, Ca, P.S. I moved to Temecula 19 years ago from O.C. with my husband and raised a family in Temecula, not because we could not afford Orange County, but because we wanted to raise our children in a country atmosphere where there our rolling hills, horses and quite lifestyle, obviously word got out how beautiful it is out here and thousands have followed, and may I say most of the people who moved to the Temecula Valley have come from Orange County and San Deigo County and we are a very rich city indeed.
Bankrupt Barbie!
Pick up a house anywhere… Looks like its back to Corona for you.
She thinks she is a star?
Good luck selling it….’tis garish, ostentatious, cooky cutter, and lacks character. And…as many have said, they are probably living beyond their means.
For “Seeking Fraudulent:” Walter Serrano is living in Ladera off Eton (off O’Neill) in the homes that have a business on the first floor. He is personal training out of his home.
For sure, the price is a joke. No one stupid enough will buy the house for the price being asked.
However, she is signed up for another season with the TV show and is probably getting some money for it. Not sure if he is a commissioned employee or salaried. If a valued salaried employee, he will probably get to keep his job. So, they may have some money to get by for awhile. . . .
The part you all missed is that Simon put them in to a 1 month Adjustable 40 year term Option Arm with WAMU. So they actually owe much more that 1.3 mil beacuse they are deferring about 3k to 4k a month back to their principal balance. She just wants to live the OC lifestyle, good thing Simon bought her that Diamond Rolex because it may be the only thing she will have left. I see a short sale in their future.
Hey Tamra,
Before you head to Van Nuys or Vegas to do cheap porn to support your stupid OC lifestyle and make the mortgage payment, please email me. Since you can’t use your overvalued POS house as an ATM, I don’t mind throwing you a few bucks from some “ATM” if you know what I mean ;) I’m sure you’d be pretty good at it. I won’t need to refi to pay for your slutty a$$, I actually started buying gold/silver in 2002 knowing the bust would be coming and have savings.
Your biggest fan who wants you “ATM style”
MJ
These disgusting, shallow, self centered people are the best argument that I know of for higher taxes on the rich!
Tamra and Simon Barney are NOT rich. They are, at best, middle class. They are typical of Ladera Ranch and other OC communities though where residents try desperately to appear a couple steps higher up the socio-economic ladder than they really are. The Barney’s were desperately trying to appear upper-middle class on their middle class Realtor and Car Salesman salaries. They lived on HELOC funny money and credit cards and the cash Bravo gave them.
Tamra hasn’t sold a house in a year, and Simon left his car salesman job at Fletcher-Jones last year just as car sales tanked. Neither of them have a college degree.
But most interestingly, their Ladera home has been taken off the market recently. There’s no info yet on whether or not the property is slipping into foreclosure, or if they are just retrenching as their value shrinks by 30% or more and the inflated price tag they had looks increasingly ridiculous.
It should be fascinating to see where the Barney’s are by the end of this year. Their son Ryan Vieth has already cemented his reputation as one of the creepiest men in South County via the medium of national television, so they might be trying to leave Southern California and their tarnished image. Stay tuned!
I think you people in CA are on another planet as I sit here in my house in Wisconsin on 2 acres. It is 1600 sq ft 3bd, 3 bath, 4 years old. I paid $150K and my prop taxes are $250 a month.
WTF is it about California that people hawk it all for the pleasure of spending millions over their lifetime paying banks? I don’t get it.
hi tamara,
Good for you being a true and honest person!!
I feel that you, Vicki and Lynn - are the only honest housewives on the show.
I am writing to you - because i felt that you were unfarily “misrepresented” and unfortunately, edited to be “the bitch”. I feel that you are a great wife to your husband Simon - and the (2) of you are doing a great job building a great family live for your (4) beautiful kids. (A good relationship w/ your husband is a great foudation for kid’s home life - hats off to you!)
I feel the editing to show you “mean” to Gretchen was unfair to you. It was inaccurate portrayal of you as a person. You were only questioning what type of action (e.g., going to Lake Havasu) went one’s mate is in I.C.U. (E.G., hugging/kissing other men and wearing hot outfits - when one’s spouse is clinging to the last days of life.)
The fact that you were singled out as “the mean person” when this, obviously shameful activity is occuring - says more about American society than it says about you. You look out for your kids/husband - that’s the honorable road. Flirting with other men while one’s mate is dieing - well, that’s a little less than admirable.
I believe the biggest item that BravoTV tried to make you bad was the “7 course” meal was that they made you out as the “instigator” to get Gretchen “Naked Drunk”. It is OBVIOUS to anyone that Gretchen needs NO encouragement to “party” and “take” drinks. This is who Gretchen is. The fact that she blamed you for what is an obvious pattern of behavoir in this “grown woman” is, well, laughable. (The other shots of Gretchen in O.C. bars drinking and cavorting with men - is well, more the sufficient proof of Gretchen’s typical evening behavoir.) And to blame you for her flirting with Ryan, your son, is well even more laughable - and a bit despicable. The boy is 22 years old - is pretty obvious how he is going to behave. Gretchen pulled out the “hot girl flirting” routine pretty early in the evening.
I believe the reason why Gretchen points you out - is that Gretchen is jealous of you. Gretchen knows that:
* You have the handsome husband
* The (4) beautiful kids
* The beautiful home
* The wonderful live
So, in essence - it’s the opposite. Gretchen is jealous of you - whereas, you, of course, have nothing to be jealous of Gretchen.
I saw you give Gretchn many chances. She has shown 100% incapable of recipricoated your kindness. And she’s obviously not a sincere person. (The whole “I love Jeff” while flirting with men at every rest-stop she can find, is well more than laughable.)
Fun stuff! I just felt the need to write to you. I think you are a good person, good wife and good family person - and that Bravo should be ashamed for making you out as the “bad girl”
All the best!!!
xxoo,
julie
“julie”?!! i doubt it. this must have been written by tamara herself. no moral, decent person could think tamara is a “good person, good family person and good wife”. thats an obvious “misrepresentation”. therefore, i believe the previous comment had to be written by tamara or one of her friends, Vicki?! the real give-away is all of the misspellings, can you say white-trash skank? wasn’t tamara a high school drop-out?