401 MILLBURN- SURROUNDED BY 142 ACRES OF FOREST, 3 BED 1 BA, LAKE VIEW, VERY PRIVATE, AT END OF CULDESAC STREET $150,000-BANK APPROVED !

637 CREST ESTATES DR- SITUATED ON A 14,00 SQFT LOT, PEACEFUL SETTING, NEEDS WORK BUT WOW! ONLY $94,000

PLEASE CONTACT JOSH JONES (909)289-0425 FOR MORE INFORMATION, AND SIMILAR PROPERTIES.

JOSHJONES82@GMAIL.COM

WWW.LAKEARROWHEADREALESTATEAGENT.COM

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 Rimwood Ranch Estates is located in Running Springs Ca. Rimwood Ranch is a highly sought after area nestled in a very private, secluded setting of parcels one acre or more. This intimate area is within minutes  to ski/snowboard resorts such as  Bear Mountain, Snow Summit, and multiple mountain lakes such as Lake Arrowhead and Big Bear. Rimwood Ranch is an equestrian zoned tract which borders the National Forest giving many opportunities of viewing all types of local wildlife. The Rimwood area was an original  exclusive hideout for many Hollywood stars such as such as Clark Gable, the “Gone With The Wind” cast, crew,and many others.

The Photos above come form the most desirable parcel of Rimwood Point in Running Springs. This Rimwood Ranch home is now for sale. This home offers views as far as the eye can see and on a clear day you can see the high rises of L.A, the glistening of the ocean, the High Desert, not to mention the beautiful city lights at night. Rimwood Point one of the most recent developments in the area. This home in particular was built by the prestigious Randy K. Jones construction Co. who actually takes the credit for building more than a third of the homes in the area.  This home offers 3 bedrooms 3.5 baths, open kitchen and family room, den, office, a four car garage, 3 fireplaces and EVERY ROOM IN THE HOUSE HAS A VIEW!  Please contact Josh Jones today for a private showing of the genuine masterpiece or for additional area information etc.

JOSH JONES REMAX LAKESIDE (909)289-0425

WWW.LAKEARROWHEADREALESTATEAGENT.COM

JOSHJONES82@GMAIL.COM

JOSH JONES -REMAX LAKESIDE (909)289-0425

(Rimwood Point Winter view)

That may or may not be true. But even supposing prices do decline further, will it really benefit you to delay your purchase?

Let’s explore the issue:

You can buy a lot of home for the money, with low monthly payments, right now.

The advice offered here comes from sales associates affiliated with independently owned and operated RE/MAX real estate offices and may not be applicable to all areas. Contact an independent RE/MAX real estate agent near you for expertise tailored to your locale.

What does this mean for you? If you have plans of purchasing a property, now is the best time. You should not delay though because the real estate industry is recovering. The enthusiasm of the home buyers is coming back as well.

Crestline California is located about 15 minutes from Lake Arrowhead California and 90 miles east of downtown Los Angeles. Crestline is the home of beautiful Lake Gregory and sits at an altitude of about 4800′ above sea level. This mountain community is surrounded by magnificent forests of pine, oak and cedar.

The Crestline resorts are situated on privately owned acres totally enclosed within the 812,000 acres of San Bernardino National forest. The name Crestline was chosen back in 1906 as a part of a contest sponsored by H.A Guernsey, in an effort to promote real estate development, which several others owned. Dr. Wesley Thompson submitted the winning name.

Lake Gregory, a man made lake, was created in the early 1930′s. The great town of Crestline has been known as the prefect family oriented mountain and vacation destination.

Access from the San Bernardino Valley is via Historic State HWY 18, a nationally designated scenic byway known as “Rim of The World Highway” and provides magnificent views ranging on a clear day to the Pacific Ocean, and Catalina Island visible in the distance.

Crestline Village is host to various events and recreation activities year round.Lake Gregory offers  trout fishing, catfishing, shore fishing, float tube fishing, swimming and water slides, aqua cycle rental, paddle board rental, sail boat rental, rowboat rental, basketball rental, sand volleyball and Hiking trails.

For more information regarding this great mountain town go to the Crestline Chamber.

Equator announced on July 15 that 300,000 Short Sales have been initiated on its system since November, according to a DSNews article. The company, which provides an online platform for 7 of the top 10 U.S. banks to manage their REO and Short Sale inventory, reported that it had hit the 200,000 mark for Short Sale initiations in June. In just a month’s time, that number has increased by 50 percent.

Short Sales made up 18 percent of buy-side real estate transactions in June, according to an independent survey of more than 2,500 real estate agents across the country.

The survey, conducted by Campbell Communications, found that Short Sales constituted 12.5 percent of property sales in July 2009. That’s compared with move-in ready and damaged REOs, which comprised 17.9 and 19.8 percent, respectively, of all closed transactions during the same time frame.That trend has apparently reversed. In June, move-in ready REOs and damaged REOs comprised 15.2 percent and 13 percent, respectively, of closed transactions.

“These numbers are encouraging because it tells us that more people are avoiding foreclosure,” says RE/MAX Chairman and Co-Founder Dave Liniger (ABR, CDPE, CRB). “Short Sales are infinitely more complex and time-consuming transactions, so agents need to be educated on how to assist homeowners in this situation. We’ll see an even greater influx of Short Sales flood the market as people take advantage of the government’s Home Affordable Foreclosure Alternatives program.”

The HAFA program, which streamlines the Short Sale process, was created to help both homeowners and banks avoid foreclosure, through the use of Short Sales or a deed-in-lieu of foreclosure when homeowners don’t qualify for or maintain a loan modification

More about HAFA

Comments (3)
I just went through the HAFA underwriting pile for 45 days with a seller, and contract in hand. The seller was denied as they had vacated the home as they were unable to afford to live there. Like good Americans they felt if they could not afford to live in the home they should move out. HAFA stated only verbally to us, so far, that it’s the reason for denial. So sad. Bank of America should have expressed this to the homeowner prior to 45 days of underwriting trauma. It’s clear that HAFA and BOA don’t communicate to each other.
– Donna Courter-Matsko, RE/MAX Metro Realty, Seattle, Wash.

Warning to those representing owners for short sale transactions.  If the owner files bankruptcy after they’ve signed your listing agreement thinking they’ll postpone foreclosure, they’re right, but as their agent you’re screwed.  During a bankruptcy, the bank cannot do anything with the file.  The file is locked until the bankruptcy is discharged and even then it can take a bank weeks after the discharge before the file is released for processing.  THEN, you finally have a qualified buyer, you get everything fully negotiated, and your seller then refuses to sign because the contract does not protect him/her from potential financial liability.  The seller chooses foreclosure because he/she knows the law has them protected through their bankruptcy. Bankruptcy appears on their credit report, not the foreclosure if the mortgage was included within the bankruptcy. Word to the wise: Terminate your listing if you find the owner has filed bankruptcy. I’m sharing this story because it happened to me and I have yet to hear any of these short sale courses covering bankruptcy situations.  I not only had one but two bankruptcies filed separately during this one short sale listing.  I had brought not one but two buyers to the seller. The first one fizzled because of the waiting and the second one was lost because the seller refused to sign due to the mediation clause and the potential liability with attorney fees.  10.5 months WASTED!!!! and no paycheck to show for it in the end!Why haven’t our state commissioned attorneys promulgated contracts for our distressed sales? Our attorneys just don’t get it if they think the short sale addendum is sufficient. Absolutely not!
– Brenda White, RE/MAX Northwest, Spring, Texas.