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Here are a few notes on legal issues from the California Association of Realtors Board of Directors meeting in Sacramento on June 5, 2008.REO and vacant properties are being rented by crooks. They collect the first and last months rent plus the security deposit and then skip town.Some cities are cleaning up the REO properties and attaching liens ...
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[photo:listing:1811082]
Hills and City Lights Views • 4,206 sq. ft., 5 bath, 5 bdrm 2 story "Exceptional Design" - MLS® $1,100,000 - Reduced $50,000
Alta Loma, Rancho Cucamonga - This beauty of a home provides a gracious interior. Formal dining and living rooms. 5 relaxing bedrms along with 5 full bathrooms. ...
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Per DataQuick, foreclosures in California were at the highest level in the first quarter of 2008 in more than 15 years. The lending industry's irresponsible practices during the real estate boom in 2005 and 2006 are the main reason for foreclosures and declining home values.
"The main factor behind this foreclosure surge remains ...
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Below are home price medians amd home sales comparisions from April 2007 to April 2008 for San Bernardino and Riverside Counties. This information is reported by DataQuick. These figures include resale single family homes and condos as well as new homes where the city is known.
County/City/Area# SoldApril ...
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Have home prices bottomed out? This is a question I receive all the time from my clients. I have not been able to say for sure, but it now looks like it may be coming close. The link below is from a Yahoo message board regarding a market review from John Dessauer, editor of John Dessauer's Investor's ...
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[photo:listing:1576256]
Near Claremont Club Premier Fitness Ctr!
• 1,177 sq. ft., 3 bath, 2 bdrm 2 story - MLS® $379,900 - Range $379,900 - $369,900
Claremont, Los Angeles County - Elegant upgraded Claremont condo near the Claremont Club! Stunning French pattern Travertine tile recently installed ...
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Per DataQuick, Chino Hills median home price rose by 3.68% in 2007. DataQuick reported 812 single family homes, condos and new homes sold in Chino Hills last year at a median price of $591,000 compared to the median price of $570,000 in 2006.
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The Villa Borbara Development in Chino Hills is on hold until the market changes. The development plans consist of 351 single family homes and about 280 multi-family units located on 336 acres on both sides of Butterfield Ranch Road, west side of Highway 71 between Hunter's Hill and Butterfield Ranch on the ...
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Be aware of what you sign and who you are dealing with before entering into any agreement!
Never pay upfront fees to anyone or any organization promising to help you keep your home from a foreclosure. Never sign a grant deed, quitclaim deed or transfer deed unless you intend to sell or give away your property. Deeds of Trust, used to secure ...
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REO vs Foreclosure
A REO (Real Estate Owned) property is a property that is owned by the bank or mortgage company after an unsuccessful foreclosure auction. Most property owners sell the property and pay off the bank if they have enough equity. If they do not have enough equity and a short sale is not possible, the ...
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