Real Estate investing in Hemet CA has many excellent opportunities for the seasoned real estate investor as well as the first time investor...and even the first time homebuyer.The Hemet market values are rapidly approaching the bottom.  I say this, because I am constantly now seeing deals that will have a positive cash flow with a 20% down - which most real estate loans will require, in today's lending world.Now, please, don't misunderstand what I just said, the values are approaching bottom - not the market itself.  I agree with every other analyst out there - 2008 will definitely see a huge increase in the number of foreclosures and distressed property on the market.  Now is not the time to be selling your home, just because you are ready for a change.SIDEBAR:  I can get off on anothe... 12/02/2007

Bold statement, let me back it up short and sweet.December 1st - write your offer to the banks (REO foreclosures & Short Sales) that your offer is contingent on closing on or before 12/31/07.This is the banks last chance to get excess inventory of the books...So quit blogging and get out and sell some real estate - my buyers are meeting me in an hour, gotta go!Until Next Time, Have a Blessed Day,John Occhi, Hemet CA REALTOR®Mission Grove Realty 12/01/2007

I have mentioned before that buying and selling real estate in Hemet, CA is a team sport that requires skill, coordination and spirit - just like any professional or amateur sports team.  A team cannot function if it cannot coordinate its efforts, if it does not have the skill to play in their league or team spirit with a drive to be #1.I have a friend, Joey Aszterbaum, one of my preferred lenders with Patrion Mortgage - a division of Altura Credit Union who uses the phrase, "His Success Team" to describe all of the people he surrounds himself with to conduct businessReal estate in Hemet is no different.  Not only does it take a realtor to buy or sell real estate, there are many other players, each of which plays an integral role in the process - a process that must be coordinated so th... 11/30/2007

California Real Estate remains one of the best investments to be made in America...and perhaps the world.Many people put their money into a 401K or IRA month after month, often directing their precious retirement funds into some sort of stock or other "paper" investment (mutual funds, bonds, etc).  Other common investment options may include precious metals (gold, silver, platinum, etc.) or even gemstones (diamonds, jade, rubies, etc).The big difference between investing in real estate and investing in the ‘traditional' investments is leverage.If an investor wanted to buy a investment home in Hemet, CA they will typically go tot the bank for a loan - of which the banks are in the business of making.  Most investors can easily qualify for a 90% loan to purchase real estate.  When investi... 11/27/2007

Yesterday, I posted CBS Special Undercover Investigation: Foreclosure Scams  as an advance notice that CBS in Los Angeles was airing a special investigative journalism piece on those who are trying to commit fraud on those about to lose their homes to foreclosure.Well, it was past my bed time, but I did record it.  Unfortunately, I am not technically advanced enough to embed the video here in this blog, as several had requested - but I can do the next best thing and that is supply a link to the actual story as it is found on the CBS2 web site.This is only about a 2 or 3 minute video - but very revealing as to how low some will sink.  What really bites is they start off with a REALTOR® who did nothing wrong, other than making a referral to a scam artist.Check out the complete story here:... 11/27/2007

As a Hemet CA REALTOR®, I have the opportunity to meet all kinds of people  - many are looking for ways to jump into the current real estate market as investors...wanting to buy at the bottom of the market.My personal belief is we are pretty close to the bottom as we approach December 2007, since we are now seeing properties that can be purchased and rented out for a positive cash flow.  Once more properties reach this plateau, I believe the market will stabilize and remain rather stagnant for the next couple of years before we realize and appreciation again.For those who are looking to make the leap into a full fledged real estate investment, I caution them and yet encourage them simultaneously.  There are lessons to be learned!1.         Don't EVER believe it is as easy as it appears ... 11/27/2007

When I suggested sushi, I wasn't sure how it would go over. When you meet someone for the first time and they ask you to recommend a restaurant, it can be a tricky proposition. Sushi isn't everyone's cup of tea.Lucky for me that Joey Aszterbaum, the Hemet Home Loan Guy, thought it was a great idea. Joey is one of several folks I've been in contact with in the rain. When we had lunch together at The Sushi House in Temecula, it was the first time I have had an "in person" meeting with one of them.  Joey "gets it". He embodies the true spirit of activerain. He cares about his clients, he sees the value in blogging and is a terrific contributor. He has a wealth of knowledge of the mortgage industry and is more than happy to share his expertise.This won't be our last get together. I think we... 11/27/2007

< < < E D I T > > > I have posted the link to the article on the CBS website.  You can follow this link to find it< < <   E N D   O F   E D I T   > > >I saw a segement on TV last night about a special segment CBS will be airing on the 11:00 p.m. news - I am hoping this is a national segment - but at least it will be aired out of Los Angeles.The segment will be focusing on scam artists who are looking to take advantage of those who are facing foreclosure - sometimes these people are very desperate and very vulnerable.I'm not sure I'll be a wake to watch the segment, but I have my TiVo set to capture it.Now Have a Blessed Day,John Occhi, Hemet CA REALTOR®Mission Grove RealtyAuthor of "What You Need to Know...About Foreclosure and How You Can Stop It!" - If you are a Hemet or San Jacinto H... 11/26/2007

The current real estate market in Hemet California and throughout Southwest Riverside County and the remainder of the Inland Empire is full or Bank Owned properties, otherwise known as REO for "Real Estate Owned"..When someone wants to buy one of these properties it is not much different than buying a home that is owner occupied.  Yet, there are some very significant differences.  Lets take a look at some of them...Inspections, Repairs and the Appraisal:  Similar to a traditional owner occupied purchase of Hemet real estate, you will have the opportunity to perform your due diligence.  You have the right to a home inspector to look the place over with their fine tooth comb.  If they identify issues that may require a specialist, such as a faulty heater, you have the right to have your H... 11/26/2007

In today's Hemet Real Estate market, it is truly an investors dream.  Seasoned investors and novices who felt as if they got squeezed out of the last market are all circling the current market and looking for the right opportunities, -which with today's short sales and bank owned REO properties - are abundant, if you know how to shop.First you must remember that every single investor has their own personal objectives and situation which they must work from, so nothing that is "out there" will ever apply 100% to everyone who considers themselves a real estate investor... and what I publish is no different.Now each element that I will discuss will have it's own rewards and depending on your situation, benefiting from just one of the four may be sufficient for you.  If you are fortunate en... 11/26/2007

The big drawback to working short sales is that the agents typically receive a reduced commission, from the loss mitigation department, for more work than what is normally required.So, how do we stop the banks from fighting us for what is rightfully ours?  How do we give in to something that one REALTOR® will never even ask another REALTOR® - a cut in commission?Well, I don't know if we can stop the lender from asking, but why not turn the tides to our favor.  Lets ask for more to start with! When I take a short sale listing today, instead of the typical 6% commission I now insist on 8%.  That's right and the seller will give it to me every time.Now I can ethically post in the MLS that the buyers' agent will receive 4% - of course I do have my normal disclaimer that the transaction is "... 11/25/2007

The one constant in working short sales is that they change on a regular basis.  The lenders and their loss mitigation departments are changing their rules as we go on and the sellers are becoming more aware.  Most importantly, the buyers and their agents are also changing with the times which require a short sale listing agent to continue to update their listing and marketing practices.In the past, I would accept a short sale and initially post it in the MLS for an amount that would allow a potential buyer to pay off the existing debt recorded against the property, using the theory that I could show the lender that we tried to pay off the loans.However, that good-faith move wasted a lot of time and really did not accomplish very much, other than possibly creating some good will.  Going... 11/25/2007

It's been two months since I have posted anything here to my blog...and I can say I have missed the experience.  There have been several reasons why I have not been here, which I explain below.  I can say that I have thought of ActiveRain on a regular basis, always saying to myself, "Now there is something I can blog about".For those of you who know me, you know that I have a terminally ill wife, Sherri, who is now on Hospice care.  I am her primary care giver, as we have no family for over 100 miles - so I am all she has...that's me and the Lord, of course (and not necessarily in that order).Sherri has been deteriorating and the demands on me have grown more intensive.  It's as if she stabilizes herself at a certain point and then continues to live at that plateau, until she crashes.  ... 11/25/2007

WE want to buy a house in Hemet Ca 92545   4825 CREEK RIDGE LN HEMET, CA FOR 200,000.00 11/24/2007

Brent Lee | Tower Realty | 951.505.9362 43955 D Street, Hemet, CA PROBATE SALE! Great opportunity.  Fixer upper on double lot in Hemet.  This home needs work but get it at a GREAT PRICE! 2 Bdrm Single Family House offered at $175,000   Year Built 1960 Sq Footage 864   Bedrooms 2 Bathrooms 1 full, 0 partial   Floors 1 Parking 2 Car garage   Lot Size 13,068 sqft   HOA/Maint $0 per month     DESCRIPTION Bring your toys! Seperate back entrance provides easy access for RV, boat, trailers, etc.  There is a concrete RV pad in backyard surronded by mature trees.  This probate property needs some work but has great potential.  Investment Opportunity! Property to be sold in "as-is" condition. Unpermitted addition on back of home are not included in square footage and not factored into appraisal.... 10/16/2007

Graham Holmes | Mission Grove Realty | 951 634 4118 24600 Mountain Ave, Hemet, CA Beautiful Hoem in Age Restricted Park 2 Bdrm Manufactured offered at $93,000 Year Built 1983 Sq Footage 1,440 Bedrooms 2 Bathrooms 2 full, 0 partial Floors 1 Parking 2 Covered spaces Lot Size Unspecified HOA/Maint $398 per month DESCRIPTION A truly immaculate home showing real pride of ownership in one of the best parks in Hemet. Tastefully decorated to a very high standard you have to see this home. With 2 spacious master suites the bedrooms provide comfort for you and your guests. The kitchen is well appointed with ample work surfaces, gas range, double oven and fridge. The utility room with its washer/dryer is also large enough to use as an office. Outside is a full covered patio on one side and a carp... 10/08/2007

Asking a Hemet, CA homeowner if they can save their home from foreclosure is a loaded question - one that cannot be clearly answered yes or no without exploring the options.  There are multiple alternatives that are explored here in my blog and that I have published in my book, "What You Need to Know About Foreclosure and How You Can Stop It!"I will be publishing a series of self-help follow-up articles on various methods that I discuss in greater detail in my book, on many of the ways a Hemet Homeowner can stop the foreclosure.  There are already a number of articles that have been previously published here in my blog and additional ones will be following shortly on the various techniques for stopping the foreclosure of a Hemet home.  The various methods that have been explored and we ... 09/28/2007

Graham Holmes | Mission Grove Realty | 951 634 4118 25604 Sharp Drive #C, Hemet, CA Wonderful Condo in Gated Community 1 Bdrm Condo offered at $149,900 Year Built 1985 Sq Footage 832 Bedrooms 1 Bathrooms 1 full, 0 partial Floors 1 Parking 1 Car garage Lot Size 871 sqft HOA/Maint $225 per month DESCRIPTION A beautiful Lincoln View home that has been immaculately looked after. This ground floor unit in this wonderful gated community is move in ready. With 3 pools, clubhouse and tennis courts this little bit of paradise is waiting for you. see additional photos below PROPERTY FEATURES Central A/C Central heat Tile floor Living room Dishwasher Stove/Oven COMMUNITY FEATURES Garage parking Guest parking Clubhouse Swimming pool(s) Sauna/Spa Tennis court(s) Gated property Secured entry ADDITIO... 09/26/2007

As a Hemet, CA REALTOR®, I often hear Hemet homeowners ask me if I can "Save my home from foreclosure?"  This is such a difficult question without a full assessment of the personal situation of the homeowner.I have many articles here on the HemetRealEstateBlog that will educate homeowners on the foreclosure process and discuss different solutions to stop the foreclosure.  Most of what I have written about to this point is the Short Sale.  Yet there are other alternatives for those who truly want to save their Hemet home from foreclosure, and I will be exploring those methods in the next few articles I publish here on the HemetRealEstateBlog.First, I would like to address who this series of articles is important reading for.You will want to read these article for one of two very good rea... 09/26/2007

The IRS addresses common Questions and Answers about the foreclosure situation and talks about Debt Cancellation that is very relevant to the Hemet homeowner who may have a house for sale.  There are some very specific questions that receive some very clear answers straight from the IRS. I thought I had all of the answers to everything they were talking about, but I learned a thing or two in reading this and am now better equipped to help a Hemet, CA homeowner who asks if I can "save my home from foreclosure" by the Hemet CA homeowner.  So, if you have any interest in the topic of short sales, foreclosures, preforeclosures then you want to check this article out for yourself.The exact questions the article addresses include:1. What is Cancellation of Debt?2. Is Cancellation of Debt inco... 09/24/2007