Market Update

Help for the Troubled Housing Market!

2008-08-15T15:43:00Z

Finally we have some help for the troubled housing market. A law passed by the federal government and is one of the boldest and broadest pieces of legislation related to the real estate market since the great depression.

Among other relief details, the legislation devotes $300 billion to helping troubled homeowners avoid foreclosure.

Key provisions of the Housing and Economic Recovery Act of 2008

• A tax credit of up to $7,500 for qualifying first-time home buyers (repayable and interest-free over 15 years).

• An increase in loan limits for Fannie Mae, Freddie Mac, and FHA up to $625,500 with local limits set at 115% of the area median.

• A foreclosure rescue plan in which lenders would refinance homeowners with subprime and ARM reset loans into fixed-rate, 30-year mortgages backed by the Federal Housing Administration.

• A change in existing legislation that will eliminate seller-paid down payment assistance programs such as Nehemiah and the HART programs.

• New requirements for mortgage originators.

• A bailout plan for government-sponsored loan companies Fannie Mae and Freddie Mac, if it is needed.

• A grant of $3.9 billion in grants to the hardest hit communities for buying and fixing foreclosed property.

• $180 million for pre-foreclosure counseling and legal services for distressed borrowers

Additionally, states will receive and additional $11 billion in tax free municipal bond authority for low interest loans to first time home buyers, construction of low income rental housing and refinancing subprime mortgages.

If you want to know how this new law may help you, please call (951) 454-3805. We'd love to offer you some free information.

Get Paid Up To $7500 For Buying A House!

2008-08-15T15:30:00Z

Did you know that a law was just passed that would help many home owners avoid foreclosure? Called the Housing and Economic Recovery Act of 2008, this is one of the boldest and broadest pieces of legislation related to the real estate market since the great depression. As part of this law, the government will give you a tax credit up to $7500 if you buy a home this year.

What this means to you: If you buy a house this year, you will get an instant tax credit of up to $7500 when you file in the spring of 2009. A few restrictions apply, so please call (951) 454-3805 if you would like more information about this historic legislation. We would love to help you find the home of your dreams, and save $7500 off your taxes, too!

Thank you!

Thomas Realty Group, Inc.

951 454-3805

www.AllCoronaHomes.com

www.FreeRiversideHomeSearch.com

227 E Francis in Historic District is Sold!

2008-08-15T14:59:00Z

Historic District, Corona - The single story at 227 E Francis has been sold. This house was sold at 100% of asking price, and we can help you sell yours too! Call 951 454-3805 for a no obligation consultation. Short sales welcome!

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Open House in South Corona on Saturday

2008-08-02T12:52:00Z

South Corona, Corona - We invite everyone to visit our open house at 2830 Vista del Monte on August 2 from 10:00 AM to 12:30 PM.

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Price Reduced on 10478 Pendleton Street in La Sierra, Riverside

2008-08-02T12:49:00Z

La Sierra, Riverside - Announcing a price reduction on 10478 Pendleton Street, a 1,665 sq. ft., 4 bdrm, 2 bath single story pool home. Now MLS® $200,000 - Huge Price Reduction!.

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2 Story For Sale in Eastvale

2008-07-09T05:38:00Z

• 2,650 sq. ft., 3 bath, 4 bdrm 2 story - MLS® $350,000 - Priced to Sell Fast!

Eastvale, Corona - Highly upgraded Eastvale beauty! Nearly new 4 bedroom, 3 bath home with a pool sized yard! The stunning family kitchen has granite counter tops, double oven (one is convection), upgraded cabinets, and a walk in pantry. The kitchen opens to the family room with a cozy fireplace. Upstairs you'll find a large bonus room pre wired for surround sound, and 4 roomy bedrooms. The master has a double door entry, custom paint, and a full bath with dual sinks, walk in closet, and separate tub and shower. All the bedrooms have upgraded mirrored closet doors. The back yard is landscaped with grass and block wall fenced, and the 3 car garage is perfect for cars, toys, and projects. Wonderful location, near grocery shopping, restaurants, good local schools, Ontario Airport, and commuter close to the 91, 15, and 71 freeways. Plan your visit today. This home is priced to sell fast!

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Single Story For Sale in South Corona

2008-07-04T13:20:00Z

Awesome Single Story! 3 Bedroom + Office

• 1,853 sq. ft., 2 bath, 3 bdrm single story "hard to find" - MLS® $380,000 - Not a short sale!

South Corona, Corona - Hard to find single story home! This former model home is located on a quiet, tree lined street in a great South Corona neighborhood! The vaulted ceilings and open floor plan make this home seem even larger than it is. The elegant formal living room has custom window coverings. There are 3 bedrooms plus an office (could be 4th BR) with built in bookshelves. The kitchen has so much storage space, and a large center island with butcher block top. The kitchen opens up to the family room where you'll find a gas fireplace. The master has a walk in closet, and a private bath with dual sinks, oval tub, and separate shower. All of the cabinets in the 3 car garage will stay. Save money with low tax rate and no HOA. Plan your visit today.

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Price Reduced on 10478 Pendleton Street in La Sierra

2008-07-03T08:36:00Z

La Sierra, Riverside - Announcing a price reduction on 10478 Pendleton Street, a 1,665 sq. ft., 2 bath, 4 bdrm single story. Now MLS® $220,000 - Huge Price Reduction!.

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Price Reduced on 1134 Pampas Circle in South Corona

2008-07-02T23:16:00Z

South Corona, Corona - Announcing a price reduction on 1134 Pampas Circle, a 2,372 sq. ft., 3 bath, 4 bdrm 2 story. Now MLS® $350,000 - Reduced!.

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4561 Warner Avenue in Huntington Harbour is Sold!

2008-07-02T23:15:00Z

Huntington Harbour, Huntington Beach - The single story at 4561 Warner Avenue has been sold.

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1678 Julia Way in Riverside County is Sold!

2008-06-24T05:22:00Z

Riverside County, California - The 2 story at 1678 Julia Way has been sold.

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2 Story For Sale in South Corona

2008-06-12T17:23:00Z

South Corona Beauty!

• 2,372 sq. ft., 3 bath, 4 bdrm 2 story - MLS® $400,000 - Range Priced $375K-$400K

South Corona, Corona - South Corona's finest! This beautiful 4 bedroom 3 bath home is on a quiet, tree lined cul de sac! One bedroom and bath downstairs. You'll love the spacious kitchen with center island, newer appliances including a double oven, and tile floor. The kitchen opens to the cozy family room with gas fireplace and media niche. The large living room and dining area have vaulted ceilings and so many windows for natural light. Custom paint and neutral colors throughout the home for easy decorating! The curved staircase will take you upstairs to the 3 remaining roomy bedrooms. The three car tandem garage offers plenty of room for cars, toys, and projects! The front and back yards are fully landscaped and the extended back patio is the perfect place for entertaining and family BBQ's. Save money with a low tax rate and no HOA fees. Commuter friendly location, too. Plan your visit today!

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3621 Foxplain Road in Sierra del Oro is Sold!

2008-05-16T19:18:00Z

Sierra del Oro, Corona - The 2 story at 3621 Foxplain Road has been sold.

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1016 Chamise Circle in South Corona is Sold!

2008-05-16T19:14:00Z

South Corona, Corona - The 2 story at 1016 Chamise Circle has been sold.

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Price Reduced on 6475 Avenida Mariposa in Indian Hills

2008-05-14T22:51:00Z

Indian Hills, Riverside - Announcing a price reduction on 6475 Avenida Mariposa, a 1,750 sq. ft., 2 bath, 4 bdrm 2 story. Now MLS® $275,000 - Priced to Sell!.

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