Foreclosed Bank Owned REO What Does it Mean and Where to Find Bargains - 01/28/08 11:53 PM
Surely a lot of terminology in todays Foreclosure market can be very confusing and even daunting to some would be real estate investors. So how can we make it simpler? First of all let's explain the terminology and then look at sources for foreclosed bargains.
What is a foreclosure or foreclosedproperty. Well the first important point is that these properties are no longer owned by the resident home owner or borrower and are now owned typically by the lender who made the loan on the property. This has usually come about because the owner failed to keep up with their payments to the lender … (2 comments)

BANK OWNED - REO 167 Mustang Way, San Jacinto, CA. Like New Only Cheaper - 01/28/08 06:38 PM
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BANK OWNED - REO 2328 Bayberry Way, Hemet, CA - 01/28/08 06:23 PM
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Fighting the Flu - 01/10/08 04:51 PM

I have long scoffed at the idea of getting a Flu jab. I am from tougher stock, I am British after-all we just don't get sick.
Well as I lay here in my bed for third straight day I am beginning to think it wasn't such a bad idea. Maybe where my my philosophy went wrong was that I had built immunity to the British forms of Flu, but not the American versions, and of course everything you do is bigger and better.
Well what do I do now? I need to get back on track I just put my 2008 plan into … (2 comments)

Riverside County - Property Tax Appeals - 01/08/08 02:39 PM
Due to the recent and ongoing declines in property values you may be able to have your home re-assessed and the property tax reduced. Riverside County have posted information on their site to start the process.
To download the required form CLICK HERE
They state:
"To learn more about Proposition 8, please watch our PowerPoint presentation by clicking here. Due to recent housing market conditions within the County of Riverside, the Assessor ‘s office has begun to review the value of properties purchased within the last year in an effort to determine if value reductions are warranted under Proposition 8 (Prop. 8). If you believe … (8 comments)

San Bernardino County - Property Tax Appeals - 01/08/08 02:35 PM
Due to the recent and ongoing declines in property values you may be able to have your home re-assessed and the property tax reduced. San Bernardino County have posted information on their site to start the process.
To download the required form CLICK HERE
They state:
I. INTRODUCTION
The amount paid for property tax on any particular property is based on two factors: the tax rate and the taxable or assessed value. The tax rate is set by law and is applied equally to all properties and is not subject to appeal. The assessed value is determined by the Assessor, in accordance with the laws … (6 comments)

Storm Arrives in Southern California - Really? - 01/04/08 11:10 PM
Well as I write the "STORM" has finally hit SoCal. The news programs have been running full features for days. Yes everyone it is RAINING. Now aside from the danger around burn areas from run off it will probably not result in too much. But it is SoCal and it is RAINING. Now I agree the roads will be very dangerous. Dangerous from what? Oh yes all those SoCal driver who have no idea how to drive in the rain and will spin off the road at the mere mention of sprinkles.
So for all of you in areas of the country that … (9 comments)

Drawing the Line!! - 01/04/08 10:46 PM
In Lance Winslow'sblog entitled "How Much Should Realtors Be Fined for Their Part in the Subprime Lending Crash?" he wrote that Realtors should burden the blame for fueling the Subprime crash and that we should be jailed, fined etc. Well I like a healthy debate and while I strongly disagree with his view, he is entitled to express them and we are entitled to challenge them. It stirred a lot of emotion and responses flew back and forth.
Well now in his latest, and I hardly dare say blog, more of a rant, he has in my opinion crossed the line. … (7 comments)

Germs Are Good For You... - 01/03/08 10:59 PM

 We live in a world obsessed with cleanliness. Every other TV ad is for some form of hand sanitizer, work surface cleaner or some aid to stop contact with, and i can hardly bring myself to say it, GERMS!!
Well have you ever stopped to think that most of the time we are better off with them. I grew up, as most of you did, in a world where we had none of these germ killers, As kids we probably didn't wash our hands before eating, we ate left overs from the day before and our moms cleaned the counters with simple … (4 comments)

More Buyers Every Day - 01/02/08 05:04 PM
Every 13 seconds the US population grows by 1 and as of January 1st this year the population topped 303 million up nearly one percent on the year. This will break down in 2008 will be the result of one birth every 8 seconds and one death every 11 seconds and one immigrant arriving every 30 seconds.
So where are they all going to live? They have to live somewhere whether it be in a rental or their own home, either way it is a good sign for the housing market of the future.
Graham Holmes - REO Banked Owned Asset Management SpecialistVice President … (3 comments)

Do Homeowners Have Money to Remodel? - 01/02/08 03:34 PM
Usually when the housing market slows down those who do not need to move will turn to home improvements and the DIY stores do well. With the current situation I was sure this would not be the case as I was sensing a general lack of money among most of the population. 
Well the good news is that this seems not to be the case.  A report today by the popular home-repair referral service, Angie's List, says its annual poll indicates that home owners will spend an average of $11,250 on home improvement and maintenance projects in 2008, up 13 percent over … (2 comments)

Today is the Day - 01/02/08 10:24 AM
After all the rhetoric of the last few days telling how to succeed in 2008, what your resolutions are to be and how determined you are. Well today is the day for action and to show your intent. So rub the sleep out of your eyes, roll your sleeves up and get stuck in.
Good luck everyone....
Graham Holmes - REO Banked Owned Asset Management SpecialistVice President REALTOR e-Pro951 634-4118Mission Grove Realtyhttp://www.missiongroverealty.com/
Your Source for REPO's BANK OWNED REO FORECLOSURES in the Inland Empire
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