Chino California Real Estate News & Listings Presented By Re/Max Champions

1552 Ledgestone Lane, Pomona 91767

Mon, 06 Feb 2012 17:35:12 GMT

Great Condo in a wonderful location. Close to shopping, restaurants and movie theaters. Just on the border of Claremont and Claremont Village. This 3bedroom/3bathroom family home has alot ot offer. Perfect starter for couple of small family. Also has a den which can be used as a 4th bedroom and it has a closet.

618 Asbury Street, Claremont 91711

Sat, 04 Feb 2012 17:36:06 GMT

A Beautiful Condo, a must see

10558 Roxbury Avenue, Bloomington 92316

Sat, 04 Feb 2012 17:36:06 GMT

Beautiful 3 bedroom, 2 bathroom home, a must see....

1219 S Main Street, Corona 92882

Thu, 02 Feb 2012 17:35:12 GMT

Investors Dream!!! Needs a little TLC....This home is located in the beautiful City of Corona....Don't miss out....2 bedroom, 1 bathroom on a LARGE lot....this property has a lot of potential

5178 Wisteria Lane, Fontana 92336

Thu, 02 Feb 2012 17:35:12 GMT

Approved and no more waiting. Gorgeously upgraded home in North Fontana. Award winning, Etiwanda School District. Almost 2700 sq ft on a large pool sized lot close to 10,000 sq ft. Open, bright, airy floor plan, perfect for entertaining or large families. 3 car garage. Many upgrades, close to all amenitites such as Free ways, Victoria Gardens and schools. Must see to appreciate this beauty at this price, its a steal

2253 Colgate Drive, Costa Mesa 92626

Sun, 29 Jan 2012 17:35:18 GMT

A beautiful 3 bedroom, 3 bathroom home, its a must see. Charming single family home located in the desirable neighborhood of College Park. In great original condition, this home has: 3 cozy bedrooms, hardwood floors and carpet flooring, 2 added rooms, a spacious front yard and back yard, and a large living room. Conveniently located close to local parks, schools and the OC fairgrounds.

646 W Nevada Street, Ontario 91762

Sun, 22 Jan 2012 17:35:12 GMT

Nice duplex located close to shops and schools. Each unit consists of two bedrooms and one bath. Front unit has attached garage. Back unit has a detached garage with alley access. There is street parking, if needed. Great investment property.

1407 Fanning Circle, Corona 92882

Thu, 19 Jan 2012 17:35:12 GMT

Absolutely stunning model home, over $100,000 in upgrades. This home feature almost 3900 sq ft of living space for your enjoyment including 5 spacious bedrooms, 4 bathrooms plus a bonus room, one bedroom downstairs, gourmet kitchen with center island, bonus room upstairs, formal living and dining rooms, large lot over 10,000 sq ft, custom tile, berber carpet, granite counter tops, custom back splash, surround sound, custom paint, crown moldings, base boards, so much to mention it all. Back yard has a fire pit, professional hardscaped and landscaped. This is a mus see home you wont be disappointed, you will love everything about it.

14790 Skycrest Lane, Chino Hills 91709

Wed, 18 Jan 2012 17:35:12 GMT

Beautiful 4 bedroom, 3 bathroom home in a prime area of Chino Hills, Located on a quiet cul de sac, formal living room, dining room combo with cathedral ceilings, family room with cozy fireplace, upgraded granite counter tops and cabinets and a walk through butlers pantry, some crown molding, kitchen opens up to family room, large yard with plenty of room and mature landscaping. Mater bedroom has an extra large walk in closet, tub and separate shower. 3 car garage, separate indoor laundry room.

3374 Tupelo Street, Chino Hills 91709

Sun, 15 Jan 2012 17:35:11 GMT

Beautiful home, located on a cul-de-sac, remodeled kitchen with granite counter tops. Located very close to shopping centers, its a must see. 4 bedrooms plus a loft. Very large yard big enough for a pool and more. Formal living room and dining room combo.

Freddie Mac's Average REO Sale Yields 94% Market Value

Sun, 27 Nov 2011 00:00:00 GMT

Freddie Mac's Average REO Sale Yields 94% Market Value

Freddie Mac says its REO homes sell for an average of 94 percent of market value.

According to a blog post by Tracy Hagen Mooney, SVP of single-family servicing and REO for the GSE, because Freddie Mac-owned homes “are well maintained and priced right for the local market,” most sell close to full estimated market value.

Freddie Mac sold more than 80,000 single-family REO homes in the first nine months of 2011, which the company says is a record. According to the McLean, Virginia-based GSE, it is selling more homes than it’s taking in through foreclosure.

“Although Freddie Mac’s inventory of foreclosed homes has been falling and represents only a small share of all [REO]

properties, we understand the negative impact these homes can have on neighborhoods and communities,” Hagen Mooney said. “That’s why our policies and programs are designed to maintain home values, reduce losses, and stabilize communities.”

Hagen Mooney points out that more than 70 percent of Freddie Mac’s REOs are sold to owner-occupants.

She says while the GSE has always been open to selling to investors, the company’s strategy is to limit the concentration of investor sales in any given area. She adds that Freddie Mac typically doesn’t consider any offers that require significant discount pricing.

Hagen Mooney also highlights the company’s “Good Neighbor” property preservation and maintenance best practices, which are designed to ensure that buyers purchase Freddie Mac homes in move-in condition, and that property values are maintained for neighborhoods.

The GSE’s “Good Neighbor” policies mandate that within three business days of a confirmed vacancy, each home is secured, preserved, and cleaned. The company’s contractors then continue to monitor and look after the home until it’s sold, including maintaining the landscaping.

Freddie Mac’s sales cycle for its REO homes is about 120 days, which the company attributes in part to its “top-performing broker network.

Freddie Mac Hits REO Selling Record

Sun, 27 Nov 2011 00:00:00 GMT

Freddie Mac Hits REO Selling Record

by Daily Real Estate News

Freddie Mac has sold a record number of single-family REO homes in the first nine months of 2011, and the homes are selling for an average of 94 percent of market value, Tracey Mooney, Freddie Mac’s vice president of single-family servicing and real estate owned properties, said in a blog post.

“Because our homes are well maintained and priced right for the local market and home buyers, most of our homes sell close to full estimated market value,” Mooney says.

Freddie Mac sold more than 80,000 REOs in the first nine months of 2011.

“We are selling more homes than we are taking in through foreclosure,” Mooney wrote in the blog post. Mooney says Freddie’s REOs are selling in about 4 months or about 120 days, on average.

Most of the REO sales are to owner-occupants. "While we have always been open to selling to investors, our strategy is to limit the concentration of investor sales in any given area," Mooney wrote. "In addition, we do not typically consider any offers that require significant discount pricing."

Foreclosures Increasing Dramatically | Bank of America Tearing Down Unsold Homes

Mon, 17 Oct 2011 00:00:00 GMT

If you are Bank of America and you have 1000s of vacant homes that are literally rotting..becoming neighborhood hazards what do you do?

Tear them down.

If you don’t demo the unsold, unwanted properties the banks are on the hook for the property taxes, the property violations, crime, utilities…etc.

Expect more unsold properties to be demolished and the foreclosure rates continue to climb through 2012 into 2013.

Foreclosure Rescue Scams!

Thu, 06 Oct 2011 00:00:00 GMT

Beware of Foreclosure Rescue Scams

Foreclosure rescue and mortgage modification scams are a growing problem. Homeowners must protect themselves so they do not lose money—or their home.

Scammers make promises that they cannot keep, such as guarantees to “save” your home or lower your mortgage, oftentimes for a fee. Scammers may pretend that they have direct contact with your mortgage servicer when they do not.

The Federal government provides free resources to get you the help you need. Homeowners can call the Homeowner’s HOPE™ Hotline at 1-888-995-HOPE (4673) for information about the Making Home Affordable Program and to speak with a HUD-approved housing counselor

Tips to Avoid Scams

1. Beware of anyone who asks you to pay a fee in exchange for a counseling service or modification of a delinquent loan. It is likely a foreclosure scam if you are being asked to pay money up front to negotiate a loan modification on your behalf if the company is not a law firm or a DRE approved Real Estate Broker.

2. Scam artists often target homeowners who are struggling to meet their mortgage commitment or anxious to sell their homes. Recognize and avoid common scams.

3. Banks do not send Realtors to your home to list your home for sale. You own the home you pick the realtor. The bank is not allowed to give information about your situation to the public including telling you what agent to use. That agent is a scam.

4. Beware of people who pressure you to sign papers immediately, or who try to convince you that they can “save” your home if you sign or transfer over the deed to your house.

5. It is likely a foreclosure scam if someone offering you a deal tells you that a real estate agent or title company is not required in the transaction.

6. Do not sign over the deed to your property to any organization or individual unless you are working directly with your mortgage company to forgive your debt.

7. It is likely a foreclosure scam if someone says they can cancel your mortgage all together and stop foreclosure due to an error in your loan documents.

8. Finally, it is likely a foreclosure scam if the buyer tells you he will buy your house for the sum of the mortgages you owe and an additional amount of money which he will pay in cash.

9. It is likely a foreclosure scam if you are told that the buyer will be taking over the payments of the house

10. Never make a mortgage payment to anyone other than your mortgage company without their approval.

12. Agents or investors that want you to sell your home directly to an investor without putting the home on the MLS. Lenders want to see the home marketed to the public to obtain the highest and best offer.

13. Banks do not send Realtors to your home to list your home for sale. You own the home you pick the realtor. The bank is not allowed to give information about your situation to the public including telling you what agent to use. That agent is a scam.

If you believe you have been the victim of mortgage fraud, contact the Attorney General’s office in your state of residence.

Home Affordable Foreclosure ALternatives Program

Thu, 06 Oct 2011 00:00:00 GMT

Treasury Department releases new Home Affordable Foreclosure Alternatives Program (HAFA)

HAFA

On November 30, 2009, the Treasury Department released guidelines and forms for its new Home Affordable Foreclosure Alternatives Program (HAFA). HAFA is part of the Home Affordable Modification Program (HAMP).

HAFA provides incentives in connection with a short sale or a deed-in-lieu of foreclosure used to avoid foreclosure on a loan eligible for modification under the HAMP program.

Loan Servicers participating in HAMP are also required to comply with HAFA.

HAFA applies to loans not owned or guaranteed by Fannie Mae or Freddie Mac, which will issue their own versions of HAFA in coming weeks.

HAFA is a complex program, with 43 pages of guidelines and forms, designed to simplify and streamline use of short sales and deeds-in-lieu of foreclosure. HAFA:

Uses borrower financial and hardship information already collected in connection with consideration of a loan modification.
Allows borrowers to receive pre-approved short sales terms before listing the property (including the minimum acceptable net proceeds).
Requires borrowers to be fully released from future liability for the first mortgage debt (no cash contribution, promissory note, or deficiency judgment is allowed).
Uses standard processes, documents, and timeframes/deadlines.
Provides financial incentives: $3,000 for borrower relocation assistance; $1,000 for servicers to cover administrative and processing costs; and up to $1,000 for investors for allowing a total of up to $3,000 in short sale proceeds to be distributed to subordinate lien holders (on a one-for-three matching basis).
Requires all servicers participating in HAMP to implement HAFA in accordance with their own written policy, consistent with investor guidelines. The policy may include factors such as the severity of the potential loss, local markets, timing of pending foreclosure actions, and borrower motivation and cooperation.

Worldwide Day of Play

Fri, 23 Sep 2011 00:00:00 GMT

If you’re looking for a fun and active place to go with your family this weekend, come out to the Fontana Boys and Girls Club for the Worldwide Day of Play! This FREE event is taking place on Saturday, September 24 from 12pm-3pm in Fontana, California. Here you can enjoy great activities like relay races, arts & crafts, video game tournaments, game room tournaments, face painting, balloon animals, family picnic games, and much, much, more!

This event is being held in order to get families to spend quality time together while getting exercise and having a ton of fun, so make sure you don’t miss out on this great opportunity to do so with your family in Fontana!

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Are There Termites In Your Home?

Wed, 21 Sep 2011 00:00:00 GMT

Termite inspections are a necessary inspection required by many states in the home sale process. If a home has termites, they can create significant damage and even destroy a home if left untreated. No one wants to hear that their current or potential home has termites, but it’s better to address a known problem than to live unknowingly with an infestation.

In fact, if you notice evidence of termites, there’s a good chance the infestation is already quite advanced.

If you have any worries at all about termites in your home, the best course of action is to locate a pest control or termite inspection so that you are aware of the full extent of the problem. Of course, pest inspections are an important part of the overall inspection process, so make sure you hire an expert in the field:

Check out online or yellow page listings under Pest Control for a licensed, bonded inspector. Your real estate agent can also be helpful in locating a company for you.
Request estimates for the inspection cost and compare rates.
Make sure that you get a copy of the inspection report and course of action needed before signing any contract papers.

It is important to know that buying or selling a home usually requires a clear pest control report. The inspector looks for termite infestation as well as other pest infestation, plumbing leaks, obvious roof leaks, dry rot and water damage. Make sure that all areas of the home are accessible for the inspector. Try to stick with companies that do inspection and treatment only – and leave any wood repair to carpenters or contractors.

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Community Emergency Preparedness Fair

Fri, 16 Sep 2011 00:00:00 GMT

This Sunday, September 18th, you will have the opportunity to learn tips on how to help keep you and your family safe in an emergency. Ontario Mills Mall in Ontario, California is hosting a Community Emergency Preparedness Fair for FREE for anyone that wants to attend. Here, you can gather valuable information to help you prepare for various kinds of emergencies and give you some peace of mind.

You will learn how to follow these four simple steps: “Get a Kit. Make a Plan. Stay Informed. Get Involved.” This important event will be held from 11:00 am to 3:00 pm on Sunday, so make sure you take the time to stop by the mall in Ontario! Please visit the event flyer for more information.

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Short Sales Basics

Wed, 14 Sep 2011 00:00:00 GMT

Selling a home through a short sale has become a popular alternative to foreclosure. It is a good idea for both buyers and sellers to understand what is involved in this process. Here’s what you should know if you are considering purchasing a short sale property:

The Basics

The bank does not own the property, but it is the party that will take the loss. That means the bank will be the one to approve the offer, not the seller. It also means that the property will be sold as is and the buyer will be responsible for any repair costs. Since the bank is taking less than what is owed, there is not much room for negotiation. You will make an offer on an agreed upon amount; and at the end of the process, the offer may or may not be accepted. The bank may also continue to accept offers from other prospects.

Be Prepared to Wait

If you are in a hurry to close on a property, purchasing a short sale home is probably not for you. The bank may take several months to review and approve or decline the offer. You may want to introduce yourself early on in the process with the bank’s loss mitigation department, so that you can at least stay informed along the way.

There’s No Guarantee

A short sale can present a real bargain – although there is no guarantee that the offer will be accepted. In some states, the seller may also be liable for making up the difference in the sale price and loan amount to the bank, which may affect the price the seller is willing to accept from you. The discount on the selling price may not be worth the wait and aggravation of dealing with the lender. Do your own market analysis to understand the real value of the home and the neighborhood.

It’s best to work with a realtor who is experienced in the short sale market. The realtor can help you through the process, including determining that the short sale is already lender approved. While some short sales do work out, they present high-risk transactions for all parties involved. Do your homework and understand both the benefits as well as the challenges that may be involved.

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Fall Flicks at the Shoppes

Fri, 09 Sep 2011 00:00:00 GMT

Every Friday evening September 16 through October 21, you can spend a night under the stars watching family-friendly movies at The Shoppes Promenade in Chino Hills! The movies always begin at dusk, which is approximately 7:30 p.m. These movies are FREE for everyone, so why not bring your blankets and lounge chairs for a great time out with your family in Chino Hills!

The movies will be shown as follows at 13920 City Center Drive (The Shoppes Promenade):

September 16: Gnomeo & Juliet

September 23: Nanny McPhee Returns

September 30: Rio

October 7: Mars Needs Moms

October 14: Rango

October 21: Soul Surfer

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