Temecula, CA Real Estate News

So you realize that your two year adjustable rate is going to reset in a short while and there is no way that your house is going to appraise in order to refinance.  Or you bought your home one to two years ago and realize there is no way you're going to be able to sell the house for what you owe even though a job change, divorce, or other financial hardship is inevitable.  If you have a definite financial hardship that you can prove in writing to the bank, you have one of six options to consider: Absorb the cost. For most people, this isn't an option.  They either can't afford the increase in payments or to pay the difference in cash for what the are going to owe.  Even if you could absorb the cost, it may not be a wise choice financially even long term.  Modify your loan.  The banks t...
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By Susan Manning
(Realty Executives)
This Sunday I did an open house on a new listing that I have which also happens to be a short sale.  I couldn't believe how many people I had through even though it was raining (which is almost like a national holiday in California by the way.)  Anyway, I had eight groups of people through the doors.  One was the wife of an agent who really liked the house, but decided that the house was just a little bit too small for her family with four children.  The next group through was a neighbor who had the same floor plan and wanted to know why the price was "so low."  She seemed a bit angry and just curious too.  It is a sign of the times that many people in our market are just not aware of how dramatically prices have dropped - even within the past couple of months.  I understand it must be ...
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By Susan Manning
(Realty Executives)
Wow, its amazing how many bank owned listings are available in our area.  I've been working with a buyer for the past two weeks and we've written six offers.  The first one we wrote had another offer just accepted right before we faxed over our offer.  We learned our lesson and made sure to call on the others before we spent the time and did all the paperwork.  The back up choices had three and five offers on the table already.  We kept looking.  I thought we were ahead of the game since we were writing the offers in the afternoon on Monday.  Then again, that is the same as writing an offer on Sunday if the banks are closed.  Monday is still "retail price" for the bank owned properties.  I think we've seen every available home in Temecula that is up to the $250K price range.  It makes s...
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By Susan Manning
(Realty Executives)
Dear Buyer: I know you have been just as excited as I am about how prices have come down into "affordable" range in Temecula Valley.  Did you get your pre-qualification completed with the lender?  I'm touching base to see if we are still on to look at property this weekend.  Better yet, can you take a day off during the week so we can look at homes?  Retail prices are on the weekend and wholesale prices during the week.  This is because most buyers are out on the weekends and your offer gets stacked on top of everyone else's.  And more than likely you're going to be purchasing a bank owned property, and they don't work or accept offers until Monday morning.  Check this out!!!  I had an interesting scenario today that was pretty incredible.  I was out today with a buyer in your price ran...
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By Susan Manning
(Realty Executives)
I wanted to pass this information on to my clients and friends who may be interested in learning more about wine from a top notch winemaker in Temecula Valley.  Doug and Debbie Wiens are personal friends of mine and although I may be a bit prejudiced, I believe they have the have some of the best wines in the valley.  Thanks for taking a look!   CALIFORNIA WINE SCHOOL opens at WIENS FAMILY CELLARS in Temecula!... and coming soon to other locations in Southern California.Click HERE to visit the CALIFORNIA WINE SCHOOL websiteTHIRSTY FOR WINE KNOWLEDGE? Winemaker Doug Wiens is now teaching wine classes at Wiens Family Cellars in Temecula Wine Country, and coming soon to locations in San Diego, Orange County, and Palm Springs. Please visit our website at CaliforniaWineSchool.com to find out...
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A lot of press has been splashed across the pages of our papers regarding the apparently controversial Vagina Monologues.  (Yes, I wrote vagina.)  The play which has been in production for ten years now is based on true interviews with all types of women all over the country.  Black, White, Japanese, Islamic, gay, straight, old, young, Jewish, Hispanic, married, single and just about any variety of which you can think.  The show is based on these interviews and is in a series of vignettes.  The sets and costumes are simple which have added to the success of playing off-Broadway types of venues.  I must tell you that some of the vignettes are shocking, powerful, and amazingly poignant.  Knowing that the content has been written from actual fellow female voices makes the pieces even more ...
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By Susan Manning
(Realty Executives)
  You may or may not have heard about this new law that was passed by Congress and signed into active law on December 20, 2007.  This new law which is effective for 2007 through 2009 is going to benefit a lot of people who may be in over their heads with their mortgages especially in this declining market.    Click here: H.R. 3648: Mortgage Forgiveness Debt Relief Act of 2007 (GovTrack.us)   Basically the law says that a property that is a principle residence which is sold as a short sale through 2009 will allow the debt to be forgiven and not taxable as 1099 income.  This taxation was seen as an unfair blow to homeowners who were already in financial trouble.  There are certain stipulations regarding the law such as whether or not the loan is purchase money (has not been refinanced oth...
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By Susan Manning
(Realty Executives)
I have to let you know that I feel so "lucky" to live here in Temecula.  I visited two museums both in one week.  And both in two, separate major metropolitan cities.  Last Saturday my son's grandfather was in San Diego for a convention and was staying downtown, so I decided to make arrangements to see The Dead Sea Scrolls exhibit at the Natural History Museum in Balboa Park in San Diego.  It was the perfect diversion for a Saturday afternoon and my father who also went with us had been wanting to see the exhibit which was closing for good the following day.  The exhibit was incredible and super packed.  I think because there were only a couple of days left, everyone and their mother came to see the famous sea scrolls.  The exhibit was very interesting and I think it is going to be very...
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By Stefan West, Temecula-Murrieta-Menifee CA Real Estate
(West Realty)
In the midst of a difficult time in the Temecula real estate market, there is one thing I am thrilled to report - people are finally listening to the advice and valuing experience.  Whenever a market booms, every person in the world jumps in.When Temecula and Murrieta CA real estate starting posting US leading growth, the amount of real estate agents and loan officers exploded.  Buyers didn't think you needed to care who helped you. Good experience in the industry was shunned for a family or friend in the business.New loan people were stealing away business from established people that actually took seriously the giving of advice and long term outlook of things.  While, I don't do loans, I saw way too much craziness in that environment and have stuck with my loan team throughout.  And m...
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By Susan Manning
(Realty Executives)
This winter has been a doozy so far as far as California standards go.  Last night I went to a late movie and came out to torrential downpours and had to cross a lake also known as the parking lot.  Needless to say, my shoes and pants were drenched!!  Yikes!!  Unfortunately my father has been experiencing some negative side effects of all the rain at his house through a strange leak that just recently started.  Dripping no where else but through the kitchen pantry cabinets on the first floor of two floors created an enigma for us roofing novices.  How could it get to the middle of the house without showing any signs of a leak in the second floor above the pantry where the water was coming out?  Strange.  What to do?  Start calling the roofers one finds in local yellow pages advertising ...
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By Susan Manning
(Realty Executives)
Its been more than two weeks since the Press Enterprise wrote a special report that made the front page of the Sunday paper, but I've been anxious to respond to the ludacris hype that was passed for newsworthy work.  The title says: Some Temecula City Council members profit from ties with southwest Riverside County developers, Cashing In On Growth by David Danelski.  The article is on the front page of the Sunday paper and when you open the paper up it continues on three other pages.  The title at the top of the inside pages reads: "Unusual Situation" and Public, Private Concerns in super large text font.    I was completely appalled by this article.  I barely got through the first part of the article because it basically states and then repeats various connections of city council membe...
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Whew, it's been a while. I had to dust off the spotlights!Let me take you to The Wine Company and introduce you to Jim Lilly. Jim opened the first Wine Company store in 2004 in Temecula's Tower Plaza. This November, he moved into a brand new location in Margarita Crossings, a new center that also has an Olive Garden and several boutique stores. Jim's interest in wine began in the 80's while he was in the restaurant business at Velvet Turtle. His passion drove him to become a self taught wine aficionado.Jim opened The Wine Company because of his desire to bring top shelf wines to residents of the Temecula Valley without them having to drive an hour or more. He believes wine shouldn't be pretentious and his aim is to take the "stuffiness" out of wine.Stop by and say hi to Jim, Pauline or ...
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As Drenching rains continued into yesterday afternoon. Temecula city officials decided to pull the plug on the 15th Annual SANTA’S ELECTRIC LIGHT PARADE. The announcement was made immediately to re-schedule the event for December 14th. Yesterday's postponement was the first in the parade's 15 year history. The rain was most welcome, though, as our area is in a drought. We need much, much more.The event regularly draws about 20,000 spectators. You can See the parade lineup and parade route by following the links. Breakfast with Santa is scheduled for next Saturday, December 8th at the Community Recreation Center, 30875 Rancho Vista Road. Cost is $5 and make sure you bring your camera. You can register here:8:00am - Register online. 9.00am- Register online.  10:00am- Register online. 11:...
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By Tom Plant
(WINEormous.com)
If you're a junk food junkie, you might want to take a pass on this post.Today, we're talking about slow food. Yep, there is an actual slow food movement. With more than  80,000 members, Slow Food USA strives to educate the public about the choices they make in  the foods they eat. They believe in using fresh, local, organic foods and in taking the time to prepare them so they are tasty and wholesome. They also believe in celebrating food and taking the time to savor it and share time with others while dining.Slow Food USA has over 170 local chapters across the US, each called a convivium collectively convivia. Today's Press-Enterprise featured an article about slow food. The Castle has embraced the movement, and Slow Food Temecula Valley will hold a free membership party Tuesday Novemb...
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By Susan Manning
(Realty Executives)
I am a California native where my father's family is from, but when I was almost three, on a very snowy Christmas Eve my family took the trip across the country to move to Kansas City, Mo where my mother was born and her family lived.  I grew up in a very nurturing, conservative, traditional, Christian family.  I was always very active in theater, music and acting and had great opportunities to work with the likes of David Cassidy and Ed Asner amongst many other talented individuals.  I had many great opportunities including attending college at Avila College and Southwest Missouri State both in Missouri.  I excelled in college but didn't finish my degree. I was married at the very young age of 22 and moved to Indianapolis in February of 1993 with my new husband as he had a new job ther...
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By Susan Manning
(Realty Executives)
It is really interesting trying to survive as an agent in today's market.  There are so many things that agents can do in this market to survive, but staying motivated is the toughest part.  In order to keep up with this market, I've been doing a number of things to grow my business including the following: Attend powerful seminars that are educational about the current market including information about pre-foreclosure situations, short sales, and bank owned homes.  Many people don't know their options and consequences of these situations and its important to be able to educate consumers.  I've doubled my Center of Influence list from 250 to 500 over the past year through my prospecting.  By year end 2008 I want to double that number again to 1000.  Previewing homes every week in order...
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By Bonnie Adamson
(HomeSmart)
This is an invitation to a Boutique of local homebased business women being held at my office tomorrow and Saturday. 5-8 Friday and 10-3 Saturday. We will have food and prizes and a chance to meet some interesting woman and do some early shopping.  HomeSmart at 41607 Margarita Road Ste 102, Temecula, CA Some balloons and Open House signs will be out. If you get lost call me at 951 704-3464 If you are in the Temecula area, drop by and say hello.
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By Hayden Gerson
(HPM Financial LLC)
In the last year over 100 mortgage lenders have gone out of business due to the "mortgage meltdown" as most of you might now it is getting much more difficult to qualify for mortgages in Temecula. The reason it is difficult to qualify for your Temecula mortgage is because guidelines have changed drastically. Even reverse mortgages in Temecula are getting harder to qualify for, leaving many looking for a honest mortgage company in Temecula.Since many mortgage brokers in Temecula are going out of business, and others are not able to get you qualified, you need to call a reputable company to help you with your home mortgage in Temecula. We here at America One Mortgage Group are a national company headquartered out of San Diego California. We have offices in many states and fund millions of...
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We're travelling back to Old Town Temecula this week to meet Vince & Tiziana at  Campini's Italian Deli. Vince is in the front to greet you and Tiziana is in the kitchen preparing fabulous Italian fare.       If you're craving a taste of Italy, you've come to the right place. Olives, pasta, panini, salami, canoli... they've got it all and it's all delicious.\Come by and grab a sandwich for lunch, take home some specialty items for dinner, or have them cater your next soiree. You'll love Vince and Tiziana, and you'll be coming back to Campini's. 
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By Tom Plant
(WINEormous.com)
My wife, Debbie Voltura, is a jazz singer. She's putting on a concert Thursday Novemer 1 at the Temecula Old Town Theater. I went to the theater yesterday to pick up some tickets and there was little doubt that fall was in the air. I wanted to share a few photos with you and show you one of the many places near home that I'm crazy about. Enjoy!               P.S. I took Jeff Turner's advice and got a Kodak Easy Share V705. Thanks, Jeff. What a great camera!
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