For Phillips Ranch property owners who occupying the house as their principal residence and in need of rehabbing their property, city just obtain some funding for the "Home Rehabilitation Program". Therefore, this is the perfect time to submit your application with the city!You can use the loan to do interior or exterior rehabilitation of the property such as replacing energy efficient windows, correction of code violations, removal of mold or asbestos & etc.You will be able to borrow from $5000 to $60,000 depending on your need and the after-rehab value of your home. Loan interest is at 2% or 4% simple interest depending on the program with income limitations. The payment is deferred until you sell the house, change or title or refinance with cash out.Since this is a high popular progr... 07/26/2008

If you are a medical doctor who just finished your internship and has FICO scores 720+, knowing the earning potential of a medical doctor, Bank Of America is offering 100% loan to qualified buyers.For policemen, firemen and teachers who has solid and stable incomes, Bank Of America is also offering loan programs that requires only 3% down payment.Due to the credit crunch, lending standards by the bank will be more and more tighten. Since it is the buyer's market now and there are lots of affordable bank owned homes, it is to the buyer's advantage to purchase a owner occupied home as early as possible to capture the great deals while it is still relatively easy to obtain a loan.For more information on the special loan programs to medical doctors, policemen, firemen and teachers, please c... 07/25/2008

Down Payment For First Time HomeownersIf you did not own a house in the past 3 years and are interested in buying a house in Phillips Ranch, you may be eligible for city's down payment assistance program for up to $100,000.You do not need to pay city back until the house is sold, refinance with cash out or at the end of 45 year. City will share the equity growth with you for 45 years and will forgive 1/45 of the equity growth for each year you live in the house.To qualify for it, here is the income limit:Income limit for up to $100,000 Down Payment1 Person $42,250 5 Persons$65,250 2 Persons$48,5006 Persons$70,3503 Persons$54,6007 Persons$75,2004 Persons$60,6508 Persons$80,050Income limit for up to $65,000 Down Payment1 Person $50,300 5 Persons$77,500 2 Persons$57,4006 Persons$83,3003 Pe... 07/20/2008

For most homeowners, losing their homes to foreclosure is a very stressful event. It is also frustrating trying to rent a house by explaining their financial misfortunate to the landlords.In order to rent a house after short sale or foreclosure, it is very important to buy the way into the rental house by giving legal maximum deposit which is equivalent to 2 months rent plus the first month rent. Some landlord requires an extra month rent prepaid. So you will need 3 to 4 months rent ready to apply for a rental.Only 50% of the landlord will consider renting houses to credit challenged applicants. If your application get rejected, don't get frustrated. Just move on to the next house. Hiring an experience agent to negotiate on your behalf will be a plus as well. 07/19/2008

If you are over 62 year old and make less than $44,096 in 2007, you may be eligible for homeowner or renter assistance.This once-a-year payment from the State of California for home owners is up to $472.60 and it is up to $347.5 for renters. Click here for more info... 07/06/2008

Continuing a spring surge, Phillips Ranch home sales rose in June again and dented the supply of properties on the market. The market has been inundated with distressed properties. Banks are slashing prices to get foreclosed homes off their books as record numbers of homeowners continue going into default.Sellers who can't refinance loans and hope to avoid foreclosure seek prices far less than what they owe on mortgages, known as a short sale. As a result, prices have been driven down in Phillips Ranch. First-time buyers and investors are buying the lowest priced homes. The hottest price range is under $450,000 and it is accounted for more than 70 percent of all June purchases.A frenzy of sales at lower prices has created bidding contests among first-time buyers and investors alike. Tho... 07/05/2008

This new 2Br/2Ba bank owned condo is just listed for sale for $179,900. Similar condos were selling as high as $336,000 in 2006 making this bank owned condo almost 50% off from 2006 price. It is located in a well maintained complex with swimming pool near Diamond Bar Blvd and Temple. This gated complex is very close to Cal Poly and is centrally located near 57, 210, 10, 60 and 71 Fwys making it fast access from Pasadena to Orange County.The market rent is about $1350 to $1400 that can be potentially break even if you put 20% down. Please call Caroline if you are interested! 07/02/2008

The following is a list of home sales in our neighboring cities. Comparing to the last month, existing-home sales doubled in Chino, Diamond Bar, Phillips Ranch and Walnut. Total housing inventory were down comparing to last month.June 2008MLS DataNo. of Homes For SaleNo. of New ListingsNo. of Homes PendingNo. of Homes Sold Chino 3581118245Chino Hills3051135652Diamond Bar 210825243Hacienda Hts 149583230Phillips Ranch5119159 Rowland Hts 102422230Walnut 116451919 07/01/2008

I just closed an escrow on a bank owned property. Even though my clients act real fast and checked out the house the day it was listed, we were still competing against several offers. So, how did my client's offer knock out other competition? Here's the insider secret:If you find a bank owned properly that is selling way below market, ACT FAST. Offer bank a full price offer or an offer that is slightly higher than the asking price. Next, you hire an experienced agent to negotiate handsome sum of credit from the bank to pay for your closing cost and repairs. If you are looking for a professional agent with bank owned expertise, I'll love to devote my undivided attention and unparalleled service to you! Please call me! 06/24/2008

This 2005 built 3Br/2.5Ba bank owned home in Pomona is listed for only $299,990. This 1500 sq ft home has hardwood floor and 2-car garage. It is located in a secure gated complex in a safe side of Pomona. If you are renting now, this house is so affordable, it might be better to pay your rent towards your own mortgage than to the landlord! Call Caroline today for a free viewing of this lovely steal! 05/06/2008

Phillips Ranch is a master planned community with tree lined streets and lots of beautiful walking trails. It is a college town of Cal Poly Pomona.It is geographically isolated by 60, 57, & 71 freeways. It provides the convenience of easy freeway access with a small town atmosphere. 05/04/2008

It's Friday and Friday is fun! One of my favorite weekend getaways is to go to Cambria in central coast. It is about 4 hours north of Los Angeles close to Hearst Castle.The small seaside town is real quiet. No car or airplane noise. Just the sound of the wave crashing the shore.It is also a wonderful place to be close to the nature. From the birds to the blossom flowers to the blue sky.....Cambria is my dream paradise. 04/04/2008

If you like spacious house with lot over half an acre, Mission Hills Estates might be a good candidate as your next home. Most of the houses there have wonderful view and extreme privacy. The schools are excellent as well.There are currently 3 houses for sale in Mission Hills Estates. 2 of them are selling at $999,000 and $1,100,000. There is also a smaller bank repo with pool and gorgeous view selling at $589,000 (see photo below).If you are interested in viewing houses in Mission Hills Estate, please contact Caroline Tsou at (626) 922-8408. 03/30/2008

One of the great joy of living in Southern California is to go to the beach. Since the weather is so nice here, it could be done almost all year long.I love the smell of the ocean. When I go to the beach, I just sit back and listen to the sound of the wave crashing the shore and watch the serene view of the blue sky over ocean.It is also so much fun watching the spectacular sunset and wait for the stars to fill the whole sky. I always get so relaxed after a beach trip. It is wonderful living in Southern California. 03/13/2008

When the market price is going down as we have been seeing in East San Gabriel Valley and West Inland Empire, for sellers, the most sensible thing to do is to price the house for sale at about 5% to 10% below market to catch the down trend.Unlike most homeowners who list their houses for sale at market price, financial savvy banks are selling their inventories at about 10% to 30% below market just to get them sold. 03/09/2008

This 3Br/2Ba bank owned house in Pomona was listed 3 day ago selling almost 30% below market at only $275,000 where Zillow's zestimated price for this house is at $388,500 as of 03/09/08.Nearby gated condo complex at Allegro Villa has some 2-bedroom units for sale at around $275,000. It is surprising for me to see house selling at the condo price! If you tell me last year that this is going to happen in our neighborhood, I will never believe it! 03/09/2008