[FormerOwner]

A couple of things to be aware of:
* Make sure you’re comfortable with the hospital/medical facilities available in the Temecula Valley. Currently, the hospitals in the area are rather backwater and definitely not up to big-city standards.
*Make sure you know what special assessments/Mello-Roos/community facilities district fees will be added to your tax bill each year. Generally, the newer communities (built in the last 10 years or so) can have VERY high special assessments, resulting in very high annual tax bills, no matter how the low value of the property goes. This may be the case at the 4 Seasons, since it’s fairly new.
*On the other hand, I’ve heard of some issues with soil subsidence/cracked slabs in the Colony. I got this info second hand so I don’t know how serious these issues actually are.

[FormerOwner]

I think it’s been a spring bounce and also a consequence of the low interest rates, tax credits, and lack of inventory getting put on the market. Eventually, all of these things have to revert back to normal levels and I don’t see the employment situation getting any better in the foreseeable future. How long this goes on depends on interest rates, gas prices, and whether the government extends the tax credits.

[FormerOwner]

I think it’s been a spring bounce and also a consequence of the low interest rates, tax credits, and lack of inventory getting put on the market. Eventually, all of these things have to revert back to normal levels and I don’t see the employment situation getting any better in the foreseeable future. How long this goes on depends on interest rates, gas prices, and whether the government extends the tax credits.

[FormerOwner]

I think it’s been a spring bounce and also a consequence of the low interest rates, tax credits, and lack of inventory getting put on the market. Eventually, all of these things have to revert back to normal levels and I don’t see the employment situation getting any better in the foreseeable future. How long this goes on depends on interest rates, gas prices, and whether the government extends the tax credits.

[FormerOwner]

I think it’s been a spring bounce and also a consequence of the low interest rates, tax credits, and lack of inventory getting put on the market. Eventually, all of these things have to revert back to normal levels and I don’t see the employment situation getting any better in the foreseeable future. How long this goes on depends on interest rates, gas prices, and whether the government extends the tax credits.

[FormerOwner]

I think it’s been a spring bounce and also a consequence of the low interest rates, tax credits, and lack of inventory getting put on the market. Eventually, all of these things have to revert back to normal levels and I don’t see the employment situation getting any better in the foreseeable future. How long this goes on depends on interest rates, gas prices, and whether the government extends the tax credits.

[FormerOwner]

I have some questions for the realtors and other experts out there:

I lived in a rental house last year that ended up foreclosing. I got cash for keys and moved out. I drove by a couple weeks later and found that the listing agent for the bank was holding open houses and making a list of names of interested buyers. The house then went on the MLS and sold within 2 days – probably to one of the people on her list but I don’t know for sure. I suspect that she did it this way so that she could be both the listing AND selling agent and get double the commission. Is this ethical? Is it common?

Now, a year later, I’m looking to be a buyer myself and I’m getting VERY frustrated. I’m finding that most of the houses have multiple offers on them almost as soon as they hit the MLS. Is this because a lot of the REO agents are doing what I described above? If so, should I really be looking for open houses on newly foreclosed homes rather than new MLS listings?

[FormerOwner]

I have some questions for the realtors and other experts out there:

I lived in a rental house last year that ended up foreclosing. I got cash for keys and moved out. I drove by a couple weeks later and found that the listing agent for the bank was holding open houses and making a list of names of interested buyers. The house then went on the MLS and sold within 2 days – probably to one of the people on her list but I don’t know for sure. I suspect that she did it this way so that she could be both the listing AND selling agent and get double the commission. Is this ethical? Is it common?

Now, a year later, I’m looking to be a buyer myself and I’m getting VERY frustrated. I’m finding that most of the houses have multiple offers on them almost as soon as they hit the MLS. Is this because a lot of the REO agents are doing what I described above? If so, should I really be looking for open houses on newly foreclosed homes rather than new MLS listings?

[FormerOwner]

I have some questions for the realtors and other experts out there:

I lived in a rental house last year that ended up foreclosing. I got cash for keys and moved out. I drove by a couple weeks later and found that the listing agent for the bank was holding open houses and making a list of names of interested buyers. The house then went on the MLS and sold within 2 days – probably to one of the people on her list but I don’t know for sure. I suspect that she did it this way so that she could be both the listing AND selling agent and get double the commission. Is this ethical? Is it common?

Now, a year later, I’m looking to be a buyer myself and I’m getting VERY frustrated. I’m finding that most of the houses have multiple offers on them almost as soon as they hit the MLS. Is this because a lot of the REO agents are doing what I described above? If so, should I really be looking for open houses on newly foreclosed homes rather than new MLS listings?

[FormerOwner]

I have some questions for the realtors and other experts out there:

I lived in a rental house last year that ended up foreclosing. I got cash for keys and moved out. I drove by a couple weeks later and found that the listing agent for the bank was holding open houses and making a list of names of interested buyers. The house then went on the MLS and sold within 2 days – probably to one of the people on her list but I don’t know for sure. I suspect that she did it this way so that she could be both the listing AND selling agent and get double the commission. Is this ethical? Is it common?

Now, a year later, I’m looking to be a buyer myself and I’m getting VERY frustrated. I’m finding that most of the houses have multiple offers on them almost as soon as they hit the MLS. Is this because a lot of the REO agents are doing what I described above? If so, should I really be looking for open houses on newly foreclosed homes rather than new MLS listings?

[FormerOwner]

I have some questions for the realtors and other experts out there:

I lived in a rental house last year that ended up foreclosing. I got cash for keys and moved out. I drove by a couple weeks later and found that the listing agent for the bank was holding open houses and making a list of names of interested buyers. The house then went on the MLS and sold within 2 days – probably to one of the people on her list but I don’t know for sure. I suspect that she did it this way so that she could be both the listing AND selling agent and get double the commission. Is this ethical? Is it common?

Now, a year later, I’m looking to be a buyer myself and I’m getting VERY frustrated. I’m finding that most of the houses have multiple offers on them almost as soon as they hit the MLS. Is this because a lot of the REO agents are doing what I described above? If so, should I really be looking for open houses on newly foreclosed homes rather than new MLS listings?

[FormerOwner]

It’s seems like all of these pre-foreclosure websites are a waste of time. If the house isn’t for sale, you can’t buy it – period.

[FormerOwner]

It’s seems like all of these pre-foreclosure websites are a waste of time. If the house isn’t for sale, you can’t buy it – period.

[FormerOwner]

It’s seems like all of these pre-foreclosure websites are a waste of time. If the house isn’t for sale, you can’t buy it – period.

[FormerOwner]

It’s seems like all of these pre-foreclosure websites are a waste of time. If the house isn’t for sale, you can’t buy it – period.

[Author]

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