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What you should know about REO vs Standard vs Short Sale

The homes for sale in Temecula, Murrieta and French Valley areas of Riverside county can be put into 3-4 main categories. This image provides an example of the types of sales in French Valley Winchester California for the previous 30 day period. 1) Foreclosure properties. When a bank has taken a property back they refer it as Real Estate Owned or REO. When a borrower has missed several payments, the note provides a mechanism whereby a trustee authorizes the sale of that home at public auction (called a Trustee’s Sale) – the proceeds of which are applied to the outstanding balance of the note. If a minimum “reserve” … [Read more...]
Market Report for French Valley Winchester California September 2011

This is a September 2011 market report for the French Valley area of Winchester California. The past 5 months have been slower in volume than last year by almost 10%. Previous months sales were 84 compared with 92 during the same time period in 2010. There seems to be some significant amount of inventory not being released by banks with REO properties. As for Average Price and Days on Market: The average price in French Valley has remained pretty flat over the last 24 months with the actual figure for last month coming in at $241,000. The Days on Market continues to dance around quite a bit. I believe it's just a matter … [Read more...]
31906 Odyssey Dr , Winchester

Property Description: Great opportunity to put your finishing touches on a great Van Daele home in French Valley. Property Details: Property Photos: … [Read more...]
29791 Yorkton Rd, Murrieta

Property Description: Beautiful two story home in Murrieta. This home features 4 bedrooms and 3 baths with 1 bedroom and bath on the ground floor. Master bedroom features a sitting area and fireplace with views from the Santa Rosa Plateau to the north-west to the Palomar Mountain Range to the south. No neighbors directly behind, instead enjoy a very private block wall and nice views of the community park from the second story windows. Peace and tranquility await the lucky buyer. Property Details: Property Photos: … [Read more...]
29165 Azara, Murrieta

Property Description: ONE OF A KIND! This home is exquisite. This home comes with lots of upgrades. Starting with the outside you can see the front yard is beautifully landscaped. The backyard is where this home truly shines. From the custom pebble tech, triple dancing light show, saltwater, fully digital, solar system, to the custom built in table to entertain the best. You'll sit by the built in fire pit that a large group could enjoy. With a 6 pillar custom patio cover overhead you can get out of the sun and into some shade while enjoying all that the backyard paradise has to offer. This home offers a 3 car garage and an extra work … [Read more...]
What’s my Riverside County Property Tax going to be?
How to - find out what your property taxes will be on a Riverside County California home. Step by step instruction on how to find out what your property taxes will be on your new home in Riverside County California. Check it out! … [Read more...]
8463 Syracuse St, Riverside

BIG and BEAUTIFUL! Over 3,800 SF home and a nearly 3,500 SF backyard! The nicely landscaped front yard will welcome you home to this open floor plan two-story gem. It is an entertainer's delight! You'll love the great-room area; perfect for get-togethers with friends or just being together in spacious comfort. Newly refurbished kitchen includes a large center island and brand new stainless steel appliances. Rooms galore in this home with family room, living room, office w/ door, bedroom, laundry w/ upper and lower cabinets and a ¾ bath all on the 1st floor. Master w/ 2 door walk in closet, 3 more bedrooms (1 is nearly 14' x 22') and an … [Read more...]
6761 Morab St, Corona

A beautifully landscaped front yard will welcome you home to this open floor plan two-story gem on a quiet street in Corona. Room to entertain on the main floor with a large Kitchen, big Family Room, Living Room and Dining Room. 4 Bedrooms and a Loft upstairs! RV parking and a nice backyard finish off this beautiful home. This home is a must see! - STANDARD SALE! Can close quickly. View Larger Map … [Read more...]
30527 Muir Ct, Murrieta

Property Description: Wonderful home in a beautiful Murrieta community. This Corner-Lot home boasts 4 bedrooms, 3 1/2 baths in 2,618 SF of living space and a 3 car (tandem) garage. Plenty of Murrieta/Temecula amenities nearby. No HOA! This one will not last long. Property Details: View Larger Map … [Read more...]
32107 Corte Eldorado, Temecula

Property Description: Wonderful opportunity to own a home on a quite cul-de-sac in Temecula's Redhawk community. Home features vaulted ceilings in the Living/Dining Rooms as well as the Master Bedroom and 4th bedroom upstairs. 1 Bedroom and 3/4 bath downstairs. 3 bedrooms and 2 full baths with dual vanities upstairs. Patio yard. No neighbors in back. Just a little TLC with this one and you'll have the home of your dreams. Hurry, this one is going to go quick. Video of 32107 Corte Eldorado, Temecula Property Details: Property Photos: Property Map: View Larger Map … [Read more...]
39353 Bonaire Way, Murrieta

Property Description: Beautiful East Side Murrieta Home for sale. 4 bedroom 2 bath 1,829 square foot home built in 2003 is located just a few blocks off of Winchester road and sits right on the Temecula city limit. Just minutes from the 15 and 215 freeways and the Promenade Mall, this centrally located home will provide easy access to all that Temecula and Murrieta have to offer. LOW TAXES!!! 1.09891% Tax rate w/ less than $300/yr in other assessments. Effective tax rate will be close to 1.23% (Information deemed reliable but not guaranteed - buyer to verify before submitting an offer). Property Details: Property Photos: … [Read more...]
45776 Klamath Ct, Temecula

This beautiful home was built by William Lyon Homes in Temecula's Sequoia at Wolf Creek community. The kitchen features Granite counter tops, 18" tile floors, raised panel cabinets, built in microwave, cook top and oven and a large walk in pantry. The Dining area, Living Room area and a half bath complete the 1 floor. Upstairs there are 3 nice sized bedrooms and the Master Bedroom and bath. The Laundry room is conveniently located upstairs as well. The association offers many amenities including front yard landscaping (maintained by the HOA) and a community areas complete with BBQs, gym/exercise room, pool, spa, wading pool, miles of exercise … [Read more...]
Making Home Affordable – The banks get another report card
According to the most recent Servicer Performance Report, there has been a dramatic increase in the number of loans modified under the Home Affordable Loan Modification Program or (HAMP). The HAMP program is part of the Making Home Affordable Program launched by the Obama Administration in February 2009. So how are the banks doing? What level of participation are different banks demonstrating? Let's take a look. First an overview of the entire program. Here are some interesting statistics: The number of permanent loan modifications is up by 45% since last month More than 170,000 permanent modifications have been done … [Read more...]
Wachovia / Wells Fargo reaching out to Winchester Homeowners
Wachovia has been very aggressive in recent months, training some Winchester Realtors® to work within the system they've set up to Fast-Track qualifying Short Sales. They've also sent out over sixty-six thousand packages to borrowers who are struggling with their payments, notifying them of their Fast-Track program. Owners of Winchester Real Estate who are having a tough time paying their mortgage (or even those who can forecast a hardship in the near future) are advised to seek the help of a Wachovia Fast-Track Trained Realtor® who can help them understand their options. Benefits to the seller include: Quick approval of hardship … [Read more...]


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