92508 : Real Estate Advice

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Stefan, Home Buyer in Varner
Stefan answered:
I DON'T WANT to involve and agent!! We've gotten an estimate and we're selling it ourselves!! We can't put it on your site??
Simply list it on Owners.com and then Trulia will pick it up, and they will pass it on to Zillow
0 votes Share Flag Sun Jul 26, 2015 Home Buying in 92508
Elizabeth Sa…, Real Estate Pro in Riverside, CA
Elizabeth Salgado answered:
how do I see online the most current list of pre foreclosures and foreclosures in Riverside County, say 92508 or 92570. And does this list cost me $
You can also try www.foreclosureradar.com they have a free 30 day trial.
0 votes Share Flag Mon Jun 2, 2014 Home Buying in 92508
Jason McInty…, Real Estate Pro in Riverside, CA
Jason McIntyre answered:
How do appraisers determine a home's value in a foreclosure-heavy market?
Dear Ty,

Appraisers have the option of adjusting for condition. As a common example, suppose a comparable property is 150sf smaller than the subject property. The appraiser would e ... more
0 votes Share Flag Mon May 12, 2014 Foreclosure in 92508
Jason McInty…, Real Estate Pro in Riverside, CA
Jason McIntyre answered:
I read in Newsweek to start with a bid to buy a home 14% less than comps and the bank will usually come back at 7% counter as a final offer?
Dear Jentsmail,

I have sold over 60 bank owned homes in the Riverside area thru banks including Bank of America, Wells Fargo, and Chase to name a few. In my experience, there is no ... more
0 votes Share Flag Mon May 12, 2014 Home Buying in 92508
Jason McInty…, Real Estate Pro in Riverside, CA
Jason McIntyre answered:
I notice there is no place on the search engine to add "pool".
Dear James,

You can always search the MLS at my agent website. Just click http://www.jasonshawnmcintyrebroker.com/search-homes.asp and you will be able to search parameters includin ... more
0 votes Share Flag Mon May 12, 2014 Home Buying in 92508
Jason Mcinty…, Home Buyer in Riverside, CA
Jason Mcintyre answered:
Hi, I just want to know which communities in the 92508 area code are more desirable with newer homes and and don't have any HOA's?
Orangecrest has many desirable neighborhoods within its borders. "Orangecrest Country" is just off of Trautwein and offers great homes ranging from 2,000 to about 4,200sf. This neighbor ... more
0 votes Share Flag Fri May 9, 2014 Home Buying in 92508
James Cottre…, Real Estate Pro in Riverside, CA
James Cottrell answered:
how to regesteir for public action?
Hello,
Public auctions are very interesting. I can certainly point you in the right direction. Registering is a simple process which typically requires a cashiers check for deposi ... more
0 votes Share Flag Wed Sep 4, 2013 Foreclosure in 92508
Ruth and Per…, Real Estate Pro in Los Gatos, CA
Ruth and Perry Mistry answered:
Mom died in home and home worth way less than mortgage and no job - have POA
Hi Darcy or Tim

The best option for the family is a Short Sale, prudent to start the process right away.

However, if the home Sells then they have to move out and will receive no ... more
0 votes Share Flag Sun Aug 19, 2012 Foreclosure in 92508
William Hala…,  in Riverside, CA
William Halatsis answered:
I have a 2 yr lease, but the home is now foreclosed. Will Fannie Mae give us the renters a chance to buy the home before listing the home for sale.?
As long as it has not yet gone to auction there is a chance. Very fluid situation, changing constantly but worth looking into. You have rights and power...possession is nine points of t ... more
0 votes Share Flag Sun Aug 12, 2012 Foreclosure in 92508
Leanne Austin, Real Estate Pro in Riverside, CA
Leanne Austin answered:
My company owns entitled residential property in the Mission Ranch area of Riverside. We are trying to
The Mission Ranch area of Riverside is as you've pointed out close to March Air Force Base (March Reserve Base), however the area would typically attract move up buyers. If you are trul ... more
0 votes Share Flag Mon Jul 9, 2012 Market Conditions in 92508
Bob Movin-On,  in Hartford, CT
Bob Movin-On answered:
should an Appraiser use the sales of foreclosure property as comparables in the sales Comparison Approach in the year 2009 and 2010 ?
If you are asking this as a hypothetical question then we all know the answer NO , but Appraisers are required by law to follow strict standards and foreclosure properties do get factor ... more
0 votes Share Flag Mon Oct 4, 2010 Foreclosure in 92508
Scolosimo, Home Buyer in 92508
Scolosimo answered:
We have been trying to get a loan modification on the house since Nov 2008.
Well we were able to get the auction postponed one month while we list the house for short sale. We dont want to move and we dont want to lose our home, but the bank is unwilling to wor ... more
0 votes Share Flag Thu Feb 4, 2010 Foreclosure in 92508
Jane Grant, Real Estate Pro in Aguanga, CA
Jane Grant answered:
I want to buy a forclosed home in cash for 100,000. There are many listings in my price range but will the bank ask for more once I make an offer?
Listing prices on Bank Owned Homes are accurate as per the Broker Price Opinion, BPO, that the bank does to price the home. However, if there is a lot of competition for that house obv ... more
0 votes Share Flag Wed Feb 3, 2010 Foreclosure in 92508
Jed Lane, Real Estate Pro in San Francisco, CA
Jed Lane answered:
FORECLOSURE AND PRICING QUESTION ABOUT FORECLOSURES AND HOW THEY ARE PRICED.
Setting the listing price is an art not a science. As we go through aour daily work we see pricing all over the board, too high and too low. Sometimes there is strategy involved but man ... more
0 votes Share Flag Sat Dec 5, 2009 General Area in 92508
Tristan Cela…,  in Marin County, CA
Tristan Celayeta answered:
i just started the process of shortsale . But i see a home so much cheaper that would fit perfectly in my budget. Can i buy now?
I slipped!!

Do follow Jenny's link to HopeNow.com. Since you've just begun short sale you may have more options.
0 votes Share Flag Wed Oct 28, 2009 Market Conditions in 92508
Jory Blake,  in Riverside County, CA
Jory Blake answered:
Hi, I'm a first time home buyer and have been looking for REO properties in
Hi Menyoo, I am local to the area (92506) and promise to dedicate my time to finding the perfect home for you. I have lived and done business here since 1982. Are you looking for the la ... more
0 votes Share Flag Fri Apr 24, 2009 Foreclosure in 92508
Jonas Krucke…,  in Temecula, CA
Jonas Kruckeberg answered:
Short refi (What exactly does it mean)
Hi Michelle,

Short refinances definitely need a professional's assistance. I'd be happy to discuss this with you. Josh Painter mentioned me in a recent post.

Also, I will be h ... more
0 votes Share Flag Tue Mar 17, 2009 Market Conditions in 92508
Marty S,  in Irvine, CA
Marty S answered:
Are mortgage rates generally higher on income property than for owner occupied purchases?
Yes, they normally are. Lenders consider an Investment property to be a risky purchase, and therefore they loan at higher rates to compensate for the risk.

I am a mortgage broker. If ... more
0 votes Share Flag Tue Jan 20, 2009 Home Buying in 92508
Brenda Marti…, Real Estate Pro in Riverside, CA
Brenda Martinez answered:
I am interested in rental income property, specifically in the zip of 92557, Moreno Valley CA.
I have been selling in Moreno Valley specifically, as to make it my expertise as well as it is my hometown. I have sold many in 92557. Here are the logistics: the homes, for the most pa ... more
0 votes Share Flag Sat Jan 17, 2009 Home Buying in 92508
Shel-lee Dav…, Real Estate Pro in Rolling Hills Estates,...
Shel-lee Davis answered:
I need to know if the property on LODGEPOLE,RIVERSIDE CA 92508 FOR $176000 IS AVAILABLE,PLEASE LET ME KNOW
Diana:

The information you pulled up is from RealtyTrac. The pricing shown is not the selling price of the property, but rather either the default amount on the loan (for a Notice o ... more
1 vote Share Flag Tue Oct 28, 2008 Home Buying in 92508
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