Under the loan terms, borrowers do not have to pay off the loan until they sell their house or refinance the first trust deed. The city is close to stores, freeways and Los Angeles, and it gets the overflow of Newport Beach. Everyone wants to live here. If the Burkhardts are willing to settle for only 1,000 square feet and two bedrooms, Knapp found about 30 available townhomes in Irvine. My advice is, if you see a home you like, don't squabble about the price, just move on it.
Chances are there are several others waiting in line to get it.
It's worth it in the long run to get into our own home. Larry Garcia is the branch manager at Wells Fargo Bank in Long Beach. He has sold real estate for 12 years, and is a member of the Orange County Assn. of Realtors. Search the archives of the Los Angeles Times for similar stories. You will not be charged to look for stories, only to retrieve one.