Military members get extension of $8000 First Time Home Buyer Tax Credit - 02/27/10 04:02 PM
First time home buyers hoping for an extension of the $8000 first time home buyer tax credit are probably out of luck.  It doesn't look like that has any legs in Congress, so on April 30th if you're not in escrow to buy your first home, this tax credit will have passed you by.
But, if you're a first time home buyer in Temecula, Murrieta and other parts of southwest Riverside and San Diego County there are other tax credit programs you can use. Read the complete story
To speak with a first time home buyer specialist, call or email us.
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Should foreclosures be run by the government? - 02/26/10 10:49 AM
Stop foreclosure the Obama administration may expand efforts to ease the housing crisis by banning all foreclosures on home loans unless they have been screened and rejected by the government's Home Affordable Modification Program.
Bloomberg reported that the proposal was reviewed by lenders last week on a White House conference call, "prohibits referral to foreclosure until borrower is evaluated and found ineligible for HAMP or reasonable contact efforts have failed," according to a Treasury Department document outlining the plan.
At present, lenders can initiate foreclosure proceedings on any loan that hasn't been submitted for HAMP eligibility. Under current HAMP rules, foreclosure … (1 comments)

Temecula First Time Home Buyers, need a loaf of bread and gallon of milk? - 02/24/10 02:49 PM
Most first time home buyers in Temecula, Murrieta and other parts of Southwest Riverside  and San Diego County are commuting to either San Diego, Orange County or other parts of the Inland Empire and as a result many meals are planned "on the fly".
"I really was hungry for seafood alfredo tonight, but I won't be home til' late, can you pick up the ingredients?"
"Of course, if I knew what they were"
Well thanks to some new technology, you can create grocery lists from thousands of recipes and share them on your smartphone. ZipList gives you the tools to create, … (0 comments)

First Time Home Buyers are you renting a home in foreclosure? - 02/23/10 08:45 AM
 
First Time Home Buyers renting  You've been faithfully paying your rent each month and kept up the property while you searched for your first home and suddenly the legal notices are plastered on your windows and a bank representative is telling you to "get out".
Many first time home buyers in the middle of the search for their first home are finding out the home they're renting is in foreclosure. Their landlord has been pocketing the rent and not making his mortgage payment and now the lender is knocking on the door telling them to move.
Do you know your … (2 comments)

Obama administration promises help for Temecula Homeowners - 02/19/10 05:32 PM
Temecula homeowners who are struggling to make their payments, have received some help from the Obama administration.
President Obama announced today another $1.5 billion program to help borrowers in the five states hit hardest by the housing crisis.  California, Arizona, Nevada, Florida and Michigan will all share more money to fund programs to prevent foreclosure for people who are unemployed or who owe more than their homes are worth.
The funds will be allocated based on a formula that takes into account home price declines and unemployment. The agencies' programs must be approved by the Treasury Department.  The move is the … (0 comments)

Temecula First Time Home buyers beware of sneaky credit card tricks! - 02/16/10 06:34 PM
The CARD Act, scheduled to go into effect on February 22 could have a significant impact on first time home buyers in Temecula, Murrieta and other parts of Southwest Riverside and San Diego County.
Maintaining your credit score is critical if you are a first time homebuyer and slight changes by your credit card company could affect your credit score even if you always pay on time OR in some cases if you don't even use the card.
10 Credit Myths that can affect your credit score
The banks in an attempt to get around the requirements of the CARD Act … (0 comments)

Stop Foreclosure Temecula - Should I just walk away? - 02/16/10 01:29 PM
Homeowners facing foreclosure in Temecula, Murrieta and other parts of Southwest Riverside and San Diego County are facing the tough choice of keeping their house or just walking away and getting out from under the debt that may be strangling them personally and financially.
I wish there was an easy answer, but truth be told each distressed homeowner has to look deep and make the decision based on what is best for their family. The real world says that sometimes the financial considerations far outweigh the moral obligation to pay something you've agreed to pay.
Read the Complete ArticleFor more information … (1 comments)

Temecula First Time Home Buyers - When is the right time to buy? - 02/15/10 04:44 PM
First time home buyers in Temecula, Murrieta and other cities in Southwest Riverside County, as well as those in North County San Diego are inundated with offers of "NOW IS THE TIME TO BUY!" .
But is it really?
There's are lots of good reasons to buy, for instance in 75 days (from February 15) the $8000 First Time Home Buyer Tax Credit will have gone the way of "pong and lincoln logs".
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First Time Home Buyers in Riverside County and First Time Home Buyers in San Diego County will still have their own special tax credit.
Riverside County
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The New World of Short Sales - 02/09/10 12:03 PM
I was asked by a local Realtor to provide detailed information on short sales as it impacts credit. Of course I referred her to a business partner who specializes in credit repair for the "score" portion. But there's a lot more to it than just the credit score number.
It prompted this post and more than anything allowed me to put short sales in proper perspective.
Short Sales the perfect solution to avoid foreclosure?
* The homeowner is able to get out from under a debt they can no longer afford and avoid the stigma and credit damage caused by foreclosure.
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First Time Home Buyers are you pretending to be rich? - 02/08/10 11:00 AM

If you're a first time home buyer looking to purchase their first home in Temecula, Murrieta or other portions of Riverside and San Diego Counties, you have to be wondering how did so many first time home buyers end up in such financial trouble and in many cases losing their first time home to foreclosure?There's been a lot of finger pointing (some justified, some not) at mortgage lenders, Realtors, the federal government for our current housing crisis and even the families who are now facing foreclosure. Sometimes bad things happen to good people and their problems may not be their … (4 comments)

Foreclosure - You lost your home you may still have to pay - 02/06/10 12:44 PM
Most homeowners in Temecula, Murrieta and other portions of Riverside and San Diego Counties who are facing foreclosure are confronted with, perhaps, the most difficult decision in their life so far.
Stop Foreclosure Temecula - Save your home Their home may be worth 50% of what they owe, they've suffered a financial hardship that makes them unable to keep up the payments, so getting rid of the debt seems like the best solution.
A fresh start?
Maybe not
Former homeowners may still be on the hook if there's a difference between what they owed on their mortgage and what the … (3 comments)

Temecula First Time Home Buyers - Is a short sale right for you? - 02/05/10 12:56 PM
First time home buyers in Temecula, Murrieta and other portions of Riverside and San Diego Counties have two choices when it comes to buying their first home.
1) Their first home can be a foreclosure, bank owned or REO (same thing!)
2) Their first home can be a "short sale"

Who should buy a short sale?Here's some valuable insight from a great Real Estate blog: AgentGenius.com
People who don’t have a hard and fast time-line can be great candidates for short sale purchases. They can exchange their ability to give time and patience for instant equity on a below market … (0 comments)

Temecula First Time Home Buyers - Should you buy a condo? - 02/03/10 09:09 AM
First time homebuyers in Temecula, murrieta and other portions of Riverside and San Diego Counties are seeing the prices on condos reach a level, where the monthly payment on their first time home would be more than they are paying for rent.
So is now the time for a First Time Home Buyer to buy a condo for their first home?
In a previous post I mentioned some of things to keep consider when buying a condo as your first home.
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A condominium is very often the first home of choice many first time homebuyers in Temecula, Murrieta, and … (2 comments)

Temecula First Time Home Buyers - Protect your cell phone bill - 02/02/10 11:27 AM
First time home buyers in Temecula, Murrieta, and other portions of Riverside and San Diego Counties as well as homeowners, apartment dwellers, Temecula Realtors, in fact anyone with a cell phone or wireless device could see their monthly bills rise, without making an extra call.
Read the complete article
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