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You are here: Inland Financial Associates / Blog

Foreclosures to Rise in 2012

05 Apr 2012 / 14,057 Comments / in Real Estate/by InlandFinancial

There have been a number of recent articles about banks ramping up their foreclosure starts for 2012. There is definitely a lack of inventory listed for sale on the MLS for the Inland Empire. In many areas, there is less than 25% of the “normal” number of homes for sale at any given time. Banks stalled initiating and processing foreclosures in 2011 with the “robo-signing” scandal affecting several of the largest lenders. With those issues largely behind them, banks are poised to begin foreclosing on properties in record numbers.

Many homeowners continue to stay in their home long after missing their first mortgage payment. There are many stories of folks being able to stay in their homes for 12, 16, even 24+ months without making a mortgage payment. If you are in that position, it might be time to consider listing your home for a short sale. The effects of a short sale on your credit are much better than foreclosure. A short sale limits your lender’s loss and also potentially limits your liability to the cancelled debt after the sale. A foreclosure has a far greater impact on credit and leaves the homeowner vulnerable to tax and legal issues after the bank takes the property.

It is an excellent time to list your property for a short sale and odds of successfully closing the sale are continuing to improve. Properties go into escrow very quickly as buyers are eager to take advantage of the low home prices and interest rates. Once the banks step up foreclosure proceedings and the wave of REO properties hit the market, your short sale listing will be competing with the REO listings for buyers. At the moment, it’s a wide open field. Give us a call any time to discuss your options. 951-846-9025.

 

Warren Buffett Says Buy Homes Now!!

28 Feb 2012 / 12,723 Comments / in Real Estate/by InlandFinancial

Click here to view the CNBC interview where Warren Buffett reveals that he feels buying a home is one of the smartest investments to be made in 2012.  In section 5:11 – 6:41 of the video, Buffett explains that current home prices and historically low 30-year mortgage rates make the prospect of purchasing a home attractive to the home buyer and investor.  “Management is key” he says…be sure to visit Inland Financial’s property management section.

13313 Goldenhorn Dr., Corona, 92883

15 Jul 2014 / 15,589 Comments / in Property Managements/by InlandFinancial

front_goldenhorn

Price: $2395

Bedrooms: 5

Bathrooms: 3

Square footage house/yard : 2483/9583

Date available: 8/29/2014

Corona, 92883

08 Jul 2014 / 14,456 Comments / in Property Managements/by InlandFinancial

front_kicking

Price: leased

Bedrooms: 3

Bathrooms: 2.5

Square footage house/yard : 1320/5227

Date available: leased

Homeowner Tax Proposal Abandoned – updated 6/1/14

17 Jun 2014 / 11,688 Comments / in Real Estate/by InlandFinancial

The proponents of a bill that would have imposed a new tax on homeowners has declared defeat and has abandoned the bill for the year, vowing to try again next year. The bill would have created a tax that would be imposed on homeowners who need to record certain documents with their counties This $75 per document tax would have been imposed on a variety of documents, which would include, for example, documents related to refinancing properties, taking properties in and out of trusts, making lot line adjustments, obtaining constructions loans and upon the death of a spouse. The tax also would have applied to foreclosures (the owner would be responsible, not the lender) and filing mechanics liens. For instance, it’s not untypical in a refinance, for six documents to be subject to the new tax, resulting in a tax of $552, in addition to current recording fees. If a spouse dies, up to five documents need to be recorded, creating a tax of $440 on top of existing recording fees.

Corona, 92883

28 Mar 2014 / 11,977 Comments / in Property Managements/by InlandFinancial

outlaw_front

Price: leased

Bedrooms: 4

Bathrooms: 2.5

Square footage house/yard : 1748/7405

Date available: leased

Highland, 92346

23 Jan 2014 / 13,591 Comments / in Property Managements/by InlandFinancial

church_front

Price: leased

Bedrooms: 3

Bathrooms: 2

Square footage house/yard : 1110/1200

Date available: leased

Corona, 92883

23 Jan 2014 / 11,767 Comments / in Property Managements/by InlandFinancial

daybreak_front

Price: leased

Bedrooms: 3

Bathrooms: 2

Square footage house/yard : 1326/5227

Date available: leased

Corona, 92883

29 Sep 2013 / 13,347 Comments / in Property Managements/by InlandFinancial

front_buffalo

Price: leased

Bedrooms: 4

Bathrooms: 3

Square footage house/yard : 2255/6098

Date available: leased

Corona, 92883

06 Jul 2013 / 11,367 Comments / in Property Managements/by InlandFinancial

echo_front

Price: leased

Bedrooms: 5

Bathrooms: 3

Square footage house/yard : 2496/12,632

Date available: leased

Riverside, 92508

19 May 2013 / 14,366 Comments / in Property Managements/by InlandFinancial

front_hayloft

Price: leased

Bedrooms: 4

Bathrooms: 3

Square footage house/yard : 2940/8276

Date available: leased

 

Sun City, 92586

19 May 2013 / 11,163 Comments / in Property Managements/by InlandFinancial

front_oxnard

Price: leased

Bedrooms: 4

Bathrooms: 2

Square footage house/yard : 1463/7405

Date available: leased

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