Newsweek published their annual edition/list of Top 500 U.S. High Schools and Irvine’s University High School ranks #8 in the country. This is quite an achievement and one worth considering if you are planning a move to South Irvine, University High School is the neighborhood school for the following villages in South Irvine, CA: Quail Hill, Rancho San Joaquin, Turtle Ridge, Turtle Rock, University Town Center and University Park. 

One of the most affordable neighborhoods near University High for purchasing or renting a condo or townhome, as well as conveniently located within walking or biking distance, would be those found in the village of the University Town Center. This village offers condos/townhomes for lease or for sale in the neighborhoods of Cambridge Court, Columbia Square, Oxford Court, and Princeton Townhomes  as well as those offered by the Irvine Apartment Community (for lease only).

Past experience suggests that you should double check with the Irvine Unified School District’s enrollment map (plug in the actual address) to be absolutely certain that your residence address falls within the school of your choice, as neighborhoods may be subject to changing enrollment stats, and your new residence just may be gerrymandered out of the existing neighborhood school area.

Robin and Eric : Specializing in the University Town Center Since 1986

Robin has been representing buyers and sellers in their purchase of townhomes and condos within the University Town Center’s communities of Cambridge Court, Columbia Square, Princeton Townhomes, and Oxford Court since 1986, and would delight in assisting in any way possible your move to the community. Eric has been involved in the financial, business and investment side since 1979. Together we are proud to have raised two children, Luke and Jed,  in the local school district, including graduates of University High School. Luke went on to graduate from Harvard College and earn his Juris Doctorate at Cornell University. Jed graduated from U. C. Berkeley in the fields of Economics and Computer Science and is currently working in finance in San Francisco

If Robin or Eric can further elaborate on anything contained herein or if you have any questions regarding the University Town Center’s neighborhoods of Cambridge Court, Columbia Square, Princeton Townhomes, or Oxford Court or any of the adjoining Villages of Quail Hill, Rancho San Joaquin, Turtle Rock, or Turtle Ridge please do not hesitate to e-mail Robin. Robin and Eric Fenchel would be delighted to assist in any way possible your move to the community in and around the University of California at Irvine.

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Copyright ©2006-2011 Robin  and Eric Fenchel  -  All Rights Reserved.  

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When you, the buyer, purchase a condo in a multi-unit/hi-rise building, you may not be aware of the unintended consequences that can arise due to your neighbor(s) defaulting on their mortgage(s) and/or condo/association fees.

Depending upon how many homeowners in your condominium building are in default–those of whom have stopped paying their mortgages and association dues–will directly impact the condominiums reserves and the funds necessary to operate and maintain the integrity of the building. As a result, the HOA (Homeowner’s Association) may have to vote to increase the association dues/and or propose a special assessment for each and every homeowner in the building to cover the short fall resulting from your neighbors’ defaulting on their loans and/or dues. This problem can be compounded depending upon how many of the condos in the building are in default.

You may be faced with having to cover the shortfall along with the remaining homeowners who continue to pay their obligations or be left with a building that cannot provide the basic services such as water, electricity, maintenance that you expected would be there without question when you first purchased your condo. This is not a pretty scenario, but it is one of which you should be aware.

If you are considering a purchase in a multi-unit building, you should review the Homeowner’s Association documents, such as C,C,& R’s (Covenants, Conditions, and Restrictions), Articles of Incorporation, the last 12-months of minutes, and the annual budget and audit to make sure that the association has adequate reserves which should give you an idea of the financial well-being of the building.

Moreover, you should consult with a Realtor who can give you valuable information on the number of active listings in the building that are in the process of foreclosure (short sales, notices of default), or REO’s (real estate/bank owned properties). This should send up a red flag as to the health of a particular condominium building.

Remember that what appears to be today’s good deal or “steal” may wind up being tomorrow’s bank owned property. It is wise to consult a real estate professional who is active in the local neighborhood before you jump in and become collateral damage in the future wave of further defaults.