Serving Southern California Corona Real Estate
$310,000 Single Story in South Corona
Standard Sale!!
Not a REO and NOT a Short Sale -
In Escrow! - Multiple Offers.
This standard sale in this market is extremely RARE
Call 951-532-1889 or 951-314-0607 for the opportunity to place an offer on this property!
Click Here for more Photos and Information on this Corona Home for Sale
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The $8,000 Federal Tax Credit for First Time Homebuyers has been updated to apply the $8000 toward the purchase costs of an FHA insured loan.
The American Recovery & Reinvestment Act of 2009 allowes first time homebuyers a tax credit up to $8,000 for purchasing their home before December 1, 2009. the credit can then be accessed after filing an amended tax return with the IRS.
The Federal Housing Administration (FHA) recently published the details of the new policy, Mortgagee Letter 2009-15, in which first time homebuyers using the FHA backed financing to obtain a short term loan from state housing financing agencies and certain non-profits for 10% of the homes price, up to the full amount of the tax credit.
Homebuyers must come up with the initial FHA-required 3.5 percent downpayment themselves, and can then use the tax credit loan to makea larger downpayment or cover other closing costs – which in turn could help them qualify for a lower interest rate. The loan is repaid afew months later, after the buyer receives the tax credit from the IRS. |
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Go to our Buyers Assistance Page for details
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New Renters' Rights in Foreclosure
Renters must now be allowed to remain in their homes for the duration of their lease - even if the home is being foreclosed on. President Obama signed the Protecting Tenants at Foreclosure Act of 2009 (S. 896) into law on May 20.
The new law provides renters with a minimum of 90 days notice before a tenant must vacate a property. If a buyer plans to use the property as his primary home, or the tenant's lease is month to month, or there is no lease at all the tenant is entitled to at least 90 days notice.
If there is a lease, tenants will be allowed to stay for the duration of the lease before evictions can proceed. If a state offers greater protections to renters, the new law allows the stronger protections to apply. These new renters' rights also apply to Section 8 tenants.
These new tenant protections are effective immediately and expire Dec. 31, 2012.
For more information contact the National Low Income Housing Coalition at www.nlihc.org
Newport Coast Luxury Resort - $27,000
-That's Right only 27,000! for this Plantinum Tmeshare. Marriotts Price is $36,500
Click on Properties Tab above for Details
Fill Out MLS Market Snapshot Form below right to get Market information on YOUR home
Investors - Check out the updated Investors Tab above. Due to current Market Conditions the inquiries on Investment opportunities have increased.
When the real estate market shifts, it can create tough situations for home owners. If you know someone that is stuggling with home ownership because of a job loss or other life changing event, please let them know we may be able to help.
We are all in this housing crunch together and as real estate professionals, it is our job to know what types of solutions are available for people that may be a tough position.
Please don't hesitate to call us or pass along our name to a friend in confidence.
Are you considering a Short Sale and need more information?
Click on Short Sale.
Robert & Christy have experience working with Short Sales either Listing or with buyers. Feel free to give them a call in confidence. They are extremely helpful, knowledgeable, professional and sensitive to your needs.
Here are the latest Market Statistics.
These stats (click on the links) are run at the beginning of each month. If you would like to see other cities, please let us know & we will send them to you.
The news this month is we still have the lowest Months Supply of Inventory (MSI) for the last 4 years.
We still have high demand (sold) and low inventory (MSI). This is the law of Supply & Demand. When Demand is high like it is now, and Supply is low, like it is now it is a Sellers Market.
Another key indicator is Price. This is the one everyone looks at. Its actually leveling out over the last few months.
“There are two things that can disrupt business in this country. One is War, and the other is a meeting of the Federal Reserve Bank”
Will Rogers
'If we ever forget that we're One Nation Under God,
then we will be a nation gone under.'
- Ronald Reagan
A government big enough to give you everything you want, is strong enough to take everything you have.
-Thomas Jefferson
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