Real estate blog entries tagged with riverside county by Gene Wunderlich, Realtor & Legislative Liaison (1st Action Real Estate)

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riverside county: PACE/HERO Program Update - 10/16/15 10:04 AM

A few months back I wrote a post about the impact PACE style energy retrofit liens were having on our housing market. In our region of Southern California, the PACE Program is primarily implemented as HERO, or Home Energy Renovation Opportunity, a joint venture between our quasi-governmental Western Riverside Council of Governments (WRCOG) and the funding mechanism they put in place to finance energy retrofits, RenovateAmerica.
As noted, the HERO/PACE program can provide a real benefit to homeowners as an affordable way to add solar panels, dual pane windows, artificial turf and hundreds of other energy saving items to a home.
But of … (0 comments)

riverside county: A 9 year fraud battle has a happy ending. - 03/26/13 10:27 AM

Any of you who remember when I first started activeraining, I wrote a lot about fraud. Real estate fraud had only just come to our region in a big way and Realtors® were trying to grapple with this new issue. Problem was, nobody else thought it was an issue. Banks didn't care, law enforcement wasn't interested, our DA, the Dept. of Real Estate, FBI - you name it, nobody cared.
So over the years I've written a lot about the Stonewood Case - a house kiting scheme with some investment undertones. By the time the law finally got on the case, … (3 comments)

riverside county: Riverside Community Connect (211) - 03/21/12 12:21 PM

Help Starts Here

I you’re looking for the answers on who’ll win the Republican Primary or when housing prices will rebound or which stock to buy in 2012, the Dial 211 Riverside County folks might now have the answer. But for information on counseling, child care services, senior services, employment opportunities, health care needs and more than 3,000 other programs, they either have the answer or can put you in touch with those that do.

Founded in 2005, the Community Connect (211) mission is to connect people in need with those that can help. Community Connect has actually … (1 comments)

riverside county: Another Scam Artist Bites the Dust in Riverside County - 10/27/11 01:50 PM

Title Compliance Office – SCAM ALERT! Recently I’ve had several members phone me or send me a copy of a report allegedly from the Title Compliance Office in Riverside County. Printed in English on one side and Spanish on the other, they warn homeowners that they need to have a deed to their home so they can prove they own it. In official souding language they offer to get you an 'official' or 'certified' copyof your deed for the paltry sum of $167.
This is a blatant scam trying to separate you from $167. Everybody gets a copy of your Grant … (2 comments)

riverside county: Riverside County Releases Liberty Quarry Final EIR - 03/25/11 06:19 AM

The Riverside County Planning Department has released the Final Environmental Impact Report (FEIR) for Granite Construction's proposed Liberty Quarry Project south of Temecula. At 8,500 pages, the document is easily half again as long as the draft EIR released last year. I haven't slogged through the report yet but preliminary indication is that it backs up the draft EIR findings that Riverside County would benefit economically and environmentally from the proposed quarry location.
That will have no impact whatsoever on quarry opponents who argue that the blasting will disrupt the area, reduce property values, contribute to earthquakes, and produce clouds of deadly … (0 comments)

riverside county: Foster Parents of the Year - A Special Night Out. - 05/24/10 06:45 AM

This past Saturday evening I attended the 2010 Foster Parents Appreciation Dinner hosted by the Riverside County Department of Social Services. It was a honey-do kind of thing because my wife works for DPSS and her department is largely charged with the logistics of the event so even though no alcohol is served, I get to attend. I've done it before - it's not too painful.
Held at the always lovely Monteleone Meadows, the event packed the house attended by, and in tribute to, the dozens of families throughout the county who act as foster parents for needy children. After brief … (1 comments)

riverside county: Another Day - Another Scam. Jury Duty Scam Sweeps Nation. - 05/07/10 09:33 AM

Our Riverside County Joint Fraud Task Force has adopted a new motto - 'Changing Times - Changing Frauds'. When we started five years ago we were primarily focused on mortgage fraud as that was the predominant scam at the time. However, with the changing market the opportunity for that type of mortgage fraud has dwindle but we've seen an explosion in loan mod fraud, short-sale fraud and all kinds of housing schemes aimed at senior citizens including some very insidious reverse-mortgage scams.
Last week I brought to your attention a new one making the rounds. Actually it's been around awhile … (4 comments)

riverside county: California - Title Compliance Office - SCAM ALERT! - 04/29/10 03:40 PM

riverside county: Help Re-elect Riverside County Assessor/Recorder Larry Ward - 01/05/10 06:37 AM

Riverside County Assessor/Recorder Larry Ward has been a good friend to Realtors®. His door is always open to Realtor® concerns, he has visited our Association and answered questions for our Broker/Owner Group and he regularly speaks at HELP meetings throughout the county answering questions for home owners about property taxes, Proposition 8 and how to avoid foreclosure.
Larry is running for re-election this year and will be holding a luncheon next week at the Riverside Marriott. The Southwest Riverside County Association of Realtors® is supporting Larry's campaign and we would encourage any of you who are interested or have benefited from … (0 comments)

riverside county: Riverside County Releases 2009-2010 Annual Plan. Read 'em & weep. - 11/03/09 09:57 AM

County Assessor/Clerk/Recorder Larry Ward has just released his 2009-2010 Annual Report and it's chock full of all kinds of exciting stuff - and some not so exciting.
I'll just tease you with a few details but for the full scoop you've got to follow the link at the bottom to find the details.
For example, did you know that:
The Riverside County tax roll value (before exemptions) dropped 10.51% last year - from $242.98 Billion to $217.44?
There are 500,292 single family residences in the County worth $120,318,983,044. They represent 57.54% of the tax base with an average value … (0 comments)

riverside county: First Casualty in Housing War. Unintended Consequences or Diabolical Plot? - 08/01/09 11:57 AM

The first new casualty in the housing wars has appeared... and it isn't the one we wanted at all. By all accounts the first to fall by the wayside in the current cycle of the housing market is...
TA-DAA
...the first-time homebuyer! Well that certainly sucks, doesn't it?
More and more, our market is swinging toward the investor/cash buyer over the first-time buyer for one simple reason - CASH! Money talks and the rest of it walks. Is that bad? Well, it's too bad but not necessarily bad. After all, over 70% of current buyers plan to be owner-occupants and that's … (1 comments)

riverside county: Riverside County Assessor Releases 2009-2010 Home Value Reports - 07/31/09 05:30 AM

The Riverside County Assessor-Clerk-Recorders Office has just released a series of reports providing us more information than we could possibly want to know about the state of housing in Riverside County as shown by assessed property values.
If you're curious about 2009-2010 Assessed Values by City, for example, you'll find that the local roll shows Murrieta with an assessed value of $10,112,353,803. After backing out exemptions, we're left with a net taxable value of $9,886,016,688 or a drop of 15.43% from last years $11,689,213,209. That's a drop in taxable value of nearly $2 Billion dollars!. Temecula dropped 11.6% … (0 comments)

riverside county: HELP for Riverside County Homeowners? Thanks Ted Lieu. - 07/30/09 02:40 PM

Interesting times out there. I just got back from a Foreclosure Crisis Town Hall meeting up in Riverside with Assemblymember Ted Lieu. Assemblymember Nestande was a co-sponsor of the event but was not in attendance.
You might remember Ted Lieu recently for ABX2 7 - that was the one where the headlines trumpeted a '90 Day Moratorium on Foreclosures' but four paragraphs in you found the text that said it didn't apply to over 90% of the lenders in California. But everybody remembers the headlines and figures we got a reprieve until September 15. Wrong. Lieu told us today he was … (0 comments)

riverside county: California's Water Crisis - Yeah another crisis out here. - 05/28/09 02:25 PM

Today marked the 6th Annual Riverside County Water Symposium. The event featured a series of panels and speakers discussing the water challenges facing our state today. The keynote was delivered by Michael Chrisman, California Secretary for Natural Resources.
Riverside County Supervisor Marion Ashley set the tone by stating that we are literally playing Russian Roulette with the Sacramento Delta. One little mis-hap, a flood, an earthquake, terrorist threat or an angry gopher could disrupt the water supply to 25 million Californians and dramatically impact the economy of this state for decades. As he noted, we'd be up a creek all … (7 comments)

riverside county: IRS Hosts Free Tax Prep in Riverside County - 03/20/09 03:57 AM

The IRS is hosting Super Saturday on March 21, 2009 to help provide free tax help. Volunteers will prepare your 2008 tax return free of charge if you have an income of $42,000 or less. See link below for the IRS flyer to read the necessary documentation you will need to provide.
Click here to check out the flyer.
The IRS locations in our region are:
Riverside
Casa Blanca Family Learning Center98 Madison St10 am - 4 pmEastside Library/ Cybrary4033-C Chicago Ave10 am - 4 pmGlen Avon Library9244 Galena St10 am - 4 pmRubidoux Library5763 Tilton St10 am - 4 pm Santa Anna
… (2 comments)

riverside county: Project Homeowner Holding Riverside CA Seminar - 03/18/09 11:22 AM

Here is some information for you and your clients about another Homeownership Preservation program. Project Homeowner is a statewide initiative designed to keep homeowners in their homes - sponsored by Chase. They are holding one of these events in the Riverside Convention Center on 3/21. Sorry for the late notice - I just got it myself. If you know somebody drifting into deep weeds, pass this information along.

… (0 comments)

riverside county: Riverside County CA - Prop 8 Tax Reduction Extended Back to 2001. - 03/11/09 01:51 PM

I spoke with Riverside County Assessor/Clerk/Recorder Chief Larry Ward yesterday about Prop 8 property tax reductions this year. He wanted everyone to know 2 things and communicate it to their clients.
EVERYBODY who had an adjustment last year will automatically be re-evaluated this year. Last year, you may recall, they re-assessed every property in the county that had been purchased since 2004. Those Buyers will get another swing at reducing their taxes - and with property values off by as much as 30% in some cases, chances are good they will save a few more greenbacks this year.
This year … (3 comments)

riverside county: Menifee - Their 1st State of the City Address - 02/25/09 12:36 PM

An assortment of business and civic leaders gathered today for the inaugural State of the City address for California's newest city, Menifee (incorporated October 1, 2008). It was a low-key event compared to many I've attended but the atmosphere was positive and upbeat and, dare I say, small-town America friendly. It was held at the Sun City (now part of the City of Menifee) Masonic Lodge. The room was hot, the sound system archaic, the food was bland but nobody cared because there was a sense of enthusiasm and purpose in the message and it was great fun to be … (1 comments)

riverside county: Wildomar California Five Year Housing Chart: # Sales / Median $ - 01/12/09 07:37 AM

Five Year Housing Chart for Wildomar, California I've recently provided a copy of this report to our local officials for the City of Wildomar This information may prove helpful in determining city budget forecasts for the coming year as they evaluate the impact the downturn in our housing market has had on their revenue stream.
Of course property tax revenue is just one source of income for the city but a major one. As the state continues to wrestle with a budget that may or may not include some trade-off between property taxes and vehicle license fees, a city like Wildomar, … (0 comments)

riverside county: Menifee California Five Year Housing Chart: # Sales / Median $ - 01/12/09 05:08 AM

Five Year Housing Chart for Menifee, California I've recently provided a copy of this report to our local officials for the City of Menifee. This information may prove helpful in determining city budget forecasts for the coming year as they evaluate the impact the downturn in our housing market has had on their revenue stream.
Of course property tax revenue is just one source of income for the city but a major one. As the state continues to wrestle with a budget that may or may not include some trade-off between property taxes and vehicle license fees, a city like Menifee, … (2 comments)

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