Temecula

Thank you to all the lenders that got us into this mess! Thank you for the deceitful loans you knowingly gave to borrowers looking for the American Dream! Thank you for encouraging many First Time Borrowers to invest in homes that were far beyond their means and then blaming them for accepting loans they did » Read more  

Temecula is the only city in California that still retains it’s original name. Translated it means “Where the sunshines through the mist”. This appears to describe the division between the mountains to the west called the Rainbow Gap, which allows the cool ocean breezes to enter the Temecula valley, making it ideal for the growing » Read more  

An “REO” is a commonly used acronym for “Real Estate Owned”. It also refers to a Bank Owned, Lender Owned or Corporate Owned property. Instead of an individual person or persons owning the property as in a typical resale transaction, the property is owned by the bank. The bank typically acquires title to its REO » Read more  

A foreclosure is the sale of real property, usually at auction, generally triggered by a Homeowner’s inability to a pay a mortgage loan. In California this public auction is commonly a trustee’s sale, and the lender will usually require the accepted bid to be in cash or a cash equivalent. Because of the bonus of » Read more  

A Short Sale is the sale of a home when sales proceeds do not fully pay off the loan(s) and the lender(s) accepts a discounted payoff to fully satisfy the loan. If there is not enough equity to pay the closing costs including commissions, the mortgage holder will pay these costs as part of the » Read more