Looking For A Realtor To Market Your REOs?
Sat, 29/11/08 – 19:07 | No Comment

As a previous Asset Manager, I’ve managed hundreds of assets in my inventory. I have a working knowledge of REO Policies, Procedures and Practices. Benefit from the hands on corporate REO experience and knowledge I have gained by having the unique advantage of being exposed to this dynamic industry from both sides of the perspective . . . As an REO Asset Manager and as an REO Agent. (909) 476-9600

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Foreclosure/REO

REO is an abbreviation for a Real Estate Owned property. REOs and FORECLOSUREs are not the same thing. However, an REO is only produced as a result of a foreclosure where the lender has repossessed the property to re-sell.

Local Interest

Welcome to So California’s Inland Empire; Known as “The IE,” to locals. Find local and regional news, market conditions, and homes for sale; stay informed about issues that affect the San Bernardino / Riverside county economy.

Loss Mitigation

Loss Mitigation is used to describe a third party assisting in the process of negotiation between a homeowner and their lender. Loss Mitigation works to negotiate terms for the homeowner that prevents foreclosure.

Short Sales

A short sale is a sales transaction in which the seller’s mortgage lender agrees to accept a payoff less than the balance due on the loan typically executed to prevent foreclosure, but may or may not involve a property in foreclosure.

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Articles in Foreclosure/REO

FHA Makes Exception On 90-Day FHA Anti-Flipping Rule
Sunday, 17 Jan, 2010 – 2:14 | No Comment
FHA Makes Exception On 90-Day FHA Anti-Flipping Rule

Yesterday HUD Secretary, Shaun Donovan announced that they will temporarily remove the 90-day restriction on flipping properties. This change in policy will take effect on February 1, 2010 and is effective for one year. There …

$269,900 – 29600 Water St
Wednesday, 21 Oct, 2009 – 9:29 | Comments Off
$269,900 – 29600 Water St

Bedrooms: 4 Bathrooms: 3
Square Foot: 1,946 Garage: 3
Lot Size: 12,450 sq.ft. County: San Bernardino
Property Type: Single Family Detached Year Built: 1997
MLS Number: CO9036462
Property Description
This …

$169,900 – 2338 N. Sycamore Ave
Wednesday, 21 Oct, 2009 – 9:23 | Comments Off
$169,900 – 2338 N. Sycamore Ave

Bedrooms: 4 Bathrooms: 3
Square Foot: 2,368 Garage: 2
Lot Size: 8 sq.ft. County: San Bernardino
Property Type: Single Family Detached Year Built: 1980
MLS Number: C09090490
Property Description
A …

$109,000 – 1226 Bayport Circle
Friday, 16 Oct, 2009 – 13:37 | No Comment
$109,000 – 1226 Bayport Circle

Bedrooms: 
2
Bathrooms: 
3

Square Foot: 
1,243
Garage: 
2

Lot Size: 
3,284 sq.ft.
County: 
Los Angeles

Property Type: 
Condo or Townhouse
Year Built: 
1985

MLS Number: 
C09106091

Property Description

This 2 bedroom, 3 bathroom condominium is perfect for first time home buyer looking for a starter home or an investor looking for a positive …

$151,900 – Elizabeth Court
Friday, 16 Oct, 2009 – 13:14 | No Comment
$151,900 – Elizabeth Court

Bedrooms: 
3
Bathrooms: 
2.5

Square Foot: 
1,349
Garage: 
2

Lot Size: 
4,000 sq.ft.
County: 
Ssan Bernardino

Property Type: 
Single Family Detached
Year Built: 
1987

MLS Number: 
C09103943

Property Description

Gheck out this 2 bedroom, 2.5 bath pool home. Nestled in a quant Southridge cul de sac with over 1330 sf of living space. This …

$234,900 – 32395 Windemere Dr
Friday, 16 Oct, 2009 – 12:57 | No Comment
$234,900 – 32395 Windemere Dr

Bedrooms: 
4
Bathrooms: 
3

Square Foot: 
3,242
Garage: 
3

Lot Size: 
8,276 sq.ft.
County: 
Western Riverside

Property Type: 
Single Family Detached
Year Built: 
2004

MLS Number: 
C09102595

Property Description

Four spacious bedrooms, 3 bathrooms, over 3200 square SF. Create the perfect environment for your family holiday gatherings around the cozy fireplace in the heart …

Up Front Fees For Loan Modifications Now Prohibited
Wednesday, 14 Oct, 2009 – 21:26 | No Comment
Up Front Fees For Loan Modifications Now Prohibited

Gov. Arnold Schwarzenegger bans all foreclosure consultants, including loan modification firms and attorneys who specialize in loan mods, from asking for any upfront fees. 
On October 11, 2009, Governor Schwarzenegger signed Senate Bill 94 (Calderon), and …

Renovation Loans/Rehab 203K Financing
Friday, 21 Aug, 2009 – 23:24 | No Comment
Renovation Loans/Rehab 203K Financing

If you’ve been passing up homes that require repairs, there’s renewed interest in the 203(k) FHA loan program that lets qualifying candidates borrow a single loan with a 3.5 percent down payment to cover both …

New Modification Assistance for FHA Borrowers
Thursday, 6 Aug, 2009 – 1:42 | No Comment
New Modification Assistance for FHA Borrowers

Recently, HUD passed new guidelines allowing FHA borrowers to cut down their monthly payments on their mortgage through a Making Home Affordable loan modification program starting August 15th. Prior to this, homeowners struggling to make …

SOLD – $284,900 – 7469 Holloway Road
Tuesday, 17 Feb, 2009 – 18:34 | No Comment
SOLD – $284,900 – 7469 Holloway Road

MLS # C09003076
Price $284,900
Type 2 Story
Bedrooms 4

Bathrooms 2.5

This Corporate Owned home features soaring vaulted ceilings, Gourmet kitchen w/center island. Family room with cozy fireplace that leads out to a low maintenance rear yard with pool, …

SOLD – 9892 Meadowood Drive
Tuesday, 17 Feb, 2009 – 18:26 | No Comment
SOLD – 9892 Meadowood Drive

MLS # I08123707
Price SOLD
Type Single Story
Bedrooms 4

Bathrooms 2.5
BEAUTIFUL CUCAMONGA HOME!!!!!! VERY NICE SINGLE-STORY “BARRATT” HOME OFFERS 2,874 SQ.FT, 4 BEDROOMS 1 CONVERTED TO EXECUTIVE OFFICE, 2.5 BATHS, GRANITE KITCHEN COUNTERS, 20″ TILE FLOORS, UPGRADED LAUNDRY …

SOLD – $265,000 – 7622 Rio Del Sol Place
Sunday, 15 Feb, 2009 – 11:15 | No Comment
SOLD – $265,000 – 7622 Rio Del Sol Place

MLS # C09010669
Price $265,000
Type 2 Story
Bedrooms 5
Bathrooms 2.75

CORPORATE OWNED 2 STORY; 5 BEDROOM, 2.75 BATH, BUILT IN 2004 LOCATED IN VICTORY HOMES’ BURGUNDY CREEK COMMUNITY! GRANITE KITCHEN COUNTER TOP, MASTER BDRM W/WALK-IN CLOSET,CEILING FAN & …

Special Homepath Financing On Certain Homes
Saturday, 14 Feb, 2009 – 22:14 | No Comment
Special Homepath Financing On Certain Homes

Did you know . . . Fannie Mae is offering special financing when you buy one of their bank owned homes! 
This special financing is available on Fannie Mae homes with this logo:
How does this …

Freddie Mac Extends Eviction, Launches Rental Option For Foreclosed Borrowers
Sunday, 1 Feb, 2009 – 5:38 | No Comment
Freddie Mac Extends Eviction, Launches Rental Option For Foreclosed Borrowers

McLean, VA – Freddie Mac (NYSE: FRE) today announced it is extending its suspension of evictions triggered by foreclosures on single family properties with Freddie Mac-owned mortgages through February 28, 2009. Freddie Mac is simultaneously …

Dos and Don’ts of Foreclosure
Tuesday, 25 Nov, 2008 – 21:27 | No Comment
Dos and Don’ts of Foreclosure

If you are in the midst of a foreclosure, it’s imperative that you know the Dos and Don’ts.  Freddie Mac has a thorough list on their Freddie Mac website ; DON’T fall victim to a scam.  …

The Gift of Hope For the Holidays!
Saturday, 22 Nov, 2008 – 9:19 | No Comment
The Gift of Hope For the Holidays!

That’s what Fannie Mae and Freddie Mac have given Millions of homeowners by Suspending Foreclosures Until January 2009.  By halting evictions, the mortgage giants get time to implement a recent rescue plan.
Read more about it …

Feds Present New Plans for Modifying Mortgages
Wednesday, 12 Nov, 2008 – 8:28 | No Comment
Feds Present New Plans for Modifying Mortgages

President-elect Barack Obama, in his first news conference last week, called on the Treasury and other government agencies to “use the substantial authority that they already have to help families avoid foreclosure and stay in …

Prices Down, Foreclosures Now Half the Market in the Inland Empire?
Tuesday, 11 Nov, 2008 – 8:00 | No Comment
Prices Down, Foreclosures Now Half the Market in the Inland Empire?

The declining home prices in the Inland Empire is creating one of the most vibrant markets in America for a niche product no one wants to claim: REO houses.
In September, over 3,000 foreclosed homes were …

FORECLOSURE FRAUD: Freddie Mac Warns Borrowers With Video Dramatization On YouTube
Wednesday, 2 Jan, 2008 – 0:17 | No Comment

Can a video posted to YouTube™ keep troubled borrowers from losing their homes to foreclosure scam artists? Knowing that one-in-four delinquent borrowers visit the Internet looking for foreclosure help and assistance, Freddie Mac*, one of …

Foreclosure 101
Tuesday, 1 Jan, 2008 – 23:58 | No Comment

There is nothing more heartbreaking than the devastation of a family losing a home to Foreclosure. Unfortunately, Foreclosure has become a national epidemic and thousands of homeowners lose their homes every year to the Foreclosure …