Steaks sizzling on the grill, drinks in the blender and your best friends gathered around the patiofor the last pool party of the year. Relaxing and enjoying the great company it hits you, what a great choice you made in purchasing this wonderful Orangecrest home. The five bedrooms, including one on the main floor give you ample room for the family and the cozy family room with fireplace and adjacent kitchen makes for a wonderful area to gather. But you knew this was the home of your dreams as soon as you walked through the double door entry and were welcomed by this gorgeous home. Living and dining to the right and up the hardwood banistered staircase the master suite awaits with another special surprise, the second fireplace that devides the master bedroom from the master suites bath. A perfect place to lounge in the oversized tub and unwind before the dancing fire light.

Bedrooms: 5. Baths: 3. Home size: 2,340 sf. Lot size: 0.20 acre
Year built: 1989. Pool: Yes. Garage: 2-car. List Price: 529,900

For 24-hour recorded information about this home call (800) 941-1900 ext 2549

Your home could be next. To get a free market analysis, or for other local real estate imformation call
call Scott Chappell's & Brian Bean's 24-hour hotline at (800) 941-1900. It's a community service offered by one of Riverside's leading real estate teams.

Ask about Scott & Brian's 100% satisfaction Guarantee program. If you aren't satisfied, they'll refund thier commission.

Labels: Corona, Foreclosure, Home Prices, Inland Empire, Loan Modification, Moreno Valley, Murrieta, Real Estate, Riverside, Short Sales, Statistics, Temecula

How serial investing can become a tax-free business

Friday, October 27, 2006

By Robert J. Bruss
Inman News

Do you have any friends who sell their homes and move approximately every two years? I know several of those very smart folks. You may wonder why they change homes so often. No, they are not in the federal witness protection program. But they have a very profitable reason.

They are "serial home sellers." There is nothing illegal or immoral about that. In fact, it is extremely smart to sell your personal residence every two years or so, especially if there is no tax to pay on your resale profit.

Tax law encourages profitable tax-free home sales

Just in case you have no clue what this is all about, every homeowner needs to know that Internal Revenue Code 121 permits tax-free principal residence sales profits up to $250,000 (up to $500,000 for a married couple filing a joint tax return).

To qualify, the home seller(s) must own and occupy their principal residence at least 24 of the last 60 months before its sale. But IRC 121 can only be used every 24 months. If you want to maximize your tax-free sale profits, there are five easy steps:

1. Buy a sound, well-located house or condominium below market value needing cosmetic fix-up work.

2. Move in and make it your principal residence.

3. Make profitable improvements to the residence that cost less than the market value they add.

4. Profitably sell the house at a tax-free profit not exceeding $250,000 (up to $500,000 if husband and wife occupied the home 24 or more of the 60 months before sale and they file a joint tax return).

5. Repeat every 24 months to become known as a tax-free "serial home seller."

How to make profitable home imporvements

If creating tax-free profits, while enjoying your home is appealing, especially if you are a handyperson or in the construction field, serial home selling can be the perfect business opportunity. The only skill required is to recognize a house or condo with "the right things wrong."

Most older houses qualify, as virtually every house more than 10 years old needs paint inside and outside. Paint is the most profitable improvement homeowners can make. Spending $1,000 on painting often adds $5,000 to $10,000 in market value.

Other examples of homes with the "right things wrong" include the need for new light fixtures, fresh landscaping, new carpets and flooring, and overall cleaning and repairs. An especially profitable home improvement is adding a second bathroom to a one-bathroom house.

However, the "wrong things wrong" with a house are necessary but unprofitable work that doesn't add more market value than it costs. Unprofitable examples include a new roof, foundation repairs, new wiring, replacement of galvanized pipes with copper pipes, siding replacement, and window replacement.

Many home improvements are "nice to have," but they don't add more market value than their cost. Examples include bedroom and family-room additions, kitchen remodeling, and bathroom upgrades. Such work may make your home more desirable while you live there, but is unlikely to add more than the cost to the market value.

The major drawback of being a serial home improver

If you think buying a run-down house, making profitable improvements while living in it, and selling it for up to $250,000 (or $500,000) tax-free profit sounds like fun, think again. It's hard work.

While you and your family are living in the house as it undergoes major renovation, that can be what TV's Dr. Phil calls "a life-changing experience." The disruption of not having a kitchen to cook in, or only one working bathroom for a large family, and the daily disruption of having strangers working in your home can't be fully described.

A few summers ago my neighbors went through such an experience. They wisely decided to take the kids to Europe so by the time they got back their remodeled home was almost finished. Yes, the marriage survived.

Because major home improvements can be traumatic, the smartest serial home sellers renovate their homes before moving in. Then they get to enjoy their fixed-up home for at least two years without the hassle and inconvenience of work in progress.

Don't make these costly mistakes

Earning up to $250,000 tax-free (or $500,000 for a married couple) every two years excites most people. But there are some pitfalls to avoid:

1. Don't buy a house in excellent condition (it lacks fix-up profit potential). Instead, buy the worst house in a good neighborhood.

2. Avoid most condominiums and townhouses. The reason is no matter how nice you fix up your unit, its maximum resale market value will be held down by the recent sales prices of other units in the same complex. For example, if you fix up a condo penthouse but the other units in the building and the common areas are "ho-hum average," you won't earn much profit.

3. Stay away from "extreme makeover" houses, which need to be torn down (called a "scraper") or renovated by moving walls and rebuilding the interior. Profiting from such houses is extremely difficult.

4. No matter how much potential a fixer-upper house has, stay away if it is in a bad location, high-crime area, or the public-school quality is poor. These three criteria will hold down resale value no matter how well the house is upgraded.

Work with a savvy buyer's agent to find fixer-uppers

Buyers of fixer-upper houses have a major advantage. Most other home buyers don't want these fix-up houses. They prefer to buy a house, turn the key in the door, and move in. That's the way to profitably sell your house.

A sharp buyer's agent will alert you when a fixer-upper house with "the right things wrong" comes on the market, whether it be in the local MLS (multiple listing service) or a "for sale by owner" FSBO. In the current "buyer's market" in most cities, there is little demand for these run-down houses offering profit potential.

Additional sources of profitable home purchases, which most buyer's agents don't follow, include foreclosures, probate and bankruptcy sales. Vacation or second homes can also be profitable, but they have special risks such as fickle buyer demand, which is often seasonal and volatile.

How to pay for the improvements

Fortunately, most "right things wrong" fix-up houses don't require costly improvements. To pay for the improvements, because the house will become your principal residence for at least 24 months, many major lenders now offer combination mortgages to pay for both the purchase and the improvements.

The lender's appraiser will evaluate both the home's current "as is" market value and the upgraded market value after the improvements are completed. The lender pays out the improvement portion of the loan as the work is completed.

Another finance method is to buy the house with mortgage financing and then obtain a home equity credit line secured by a second mortgage to pay for the improvements.

However, this method is difficult if the home buyer doesn't have much initial equity. More details are in my special report, "How to Earn Up to $250,000 (or $500,000) Tax-Free Profits Every 24 Months Buying and Selling Houses," available for $5 from Robert Bruss, 251 Park Road, Burlingame, CA 94010 or by credit card at 1-800-736-1736 or instant Internet delivery at www.BobBruss.com.

Labels: Corona, Foreclosure, Home Prices, Inland Empire, Loan Modification, Moreno Valley, Murrieta, Real Estate, Riverside, Short Sales, Statistics, Temecula

Friday, Oct. 27, 2006

Alister Bull
Reuters News

Former Federal Reserve Chair Alan Greenspan told the Commercial Finance Association yesterday that housing prospects are looking up.

“Most of the negatives in housing are probably behind us," he said. "The fourth quarter should be reasonably good, certainly better than the third quarter."

Greenspan, who retired in January and who has been quiet up until now, also told the group, "There are early signs of stabilization, but it [the slowdown] is not over."

He said construction of new homes continues to outpace sales, but, in a good sign, buyers were "beginning to dig into the inventories of unsold new homes."

Labels: Corona, Foreclosure, Home Prices, Inland Empire, Loan Modification, Moreno Valley, Murrieta, Real Estate, Riverside, Short Sales, Statistics, Temecula

This special DR Horton pool home offers splendid privacy, spectacular mountain views and all the upgrades you could possibly desire. Ypu'll find beautiful hardwood in nearly every room. The black-granite kitchen features stainless steel appliances, full backsplash and tons of counter space. The master suite, with centralized soaking tub, granite counters & private balcony, is the jewel in this shiny crown. Don't forget the putting green and spetacular back yard. Upgrades: 224k.

Bedrooms: 4. Baths: 3.5. Home size: 3,746 sf. Lot size: 0.28 acre.
Year built: 2004. Pool: Yes. Garage: 3-car. List Price: $796,000

For 24-hour recorded information about this home call (800) 941-1900, ext.6899

Your home could be next. To get a free market analysis, or for other local real estate imformation, call Scott Chappell's & Brian Bean's 24-hour hotline at (800) 941-1900. It's a community service offered by one of Riverside's leading real estate teams.

Ask about Scott & Brian's 100% satisfaction Guarantee program. If you aren't satisfied, they'll refund thier commission.

Labels: Corona, Foreclosure, Home Prices, Inland Empire, Loan Modification, Moreno Valley, Murrieta, Real Estate, Riverside, Short Sales, Statistics, Temecula

High earners expect to purchase more properties in next few years

Tuesday, October 24, 2006

Inman News

Second, third and fourth homes are still in vogue for affluent homeowners who participated in a study by Sotheby's International Realty and Architectural Digest.

Thirty-six percent of Architectural Digest subscribers said they plan to buy an additional home in the next two years, and of those who already own three or more homes, 49 percent plan to purchase another home within two years.

Of those who already own a second home, 35 percent said they plan to buy a third home within two years.

Second homes also appear popular with younger owners -- 44 percent of survey respondents under age 45 said they may acquire a second home in the near future.

Geography is the primary driver when searching for a second home, according to the survey, but lifestyle amenities are becoming increasingly critical. About 32 percent of the participants know what amenities and characteristics they are looking for and would search in a number of locations to find what they want. Those with household incomes under $400,000 are more likely than their wealthier counterparts to indicate they would search in a number of locations to find the house that meets their amenity checklist.

What do these buyers want? The study found that waterfront property is the most sought-after amenity when buying a second home, with 75 percent of respondents choosing that characteristic. Proximity to golf courses and aquatic activities, and in-home fitness centers and media rooms/home theaters were also high on the list. Pools and large backyards were the least chosen amenities.

Regional differences were found mostly among respondents from New York and California, the survey found. New York metro-area participants are most drawn to waterfront or oceanfront properties, while Californians found this of less interest.

Also, Californians tend to be less interested in golf courses than other respondents and more drawn to in-home fitness centers.

New York-area metro participants are least interested in ski slopes, while Californians are most likely to search for proximity to the slopes.

Labels: Corona, Foreclosure, Home Prices, Inland Empire, Loan Modification, Moreno Valley, Murrieta, Real Estate, Riverside, Short Sales, Statistics, Temecula

Friday, October 20, 2006

REALTOR® Magazine Online

Title searches that turn up problems at the 11th hour can throw a monkey wrench into a property sale.

With so many properties turning over frequently in the last five years, errors are increasingly prevalent, says David Pelligrinelli of TitleSearch.com. He says home sellers should request a title search before putting their home on the market to make sure that unforeseen problems will not surface at the last minute.

He cites these common issues that a title search can reveal:

• Unreleased mortgages. Prior refinanced mortgages may be paid off, but unless a lender files a lien released with the county records office to remove the old mortgage, it may appear on the record as unpaid.
• Incorrect liens. Misfiled property tax payments due to county clerk error can result in reports of unpaid property taxes.
• Family events. If there has been a divorce or a death in the family, it's important to ensure that the current ownership structure is reflected in the record is important.
• Document fraud. Increasingly criminals are using property records to commit identity theft or to fraudulently finance one property by mortgaging one they don’t own.

Labels: Corona, Foreclosure, Home Prices, Inland Empire, Loan Modification, Moreno Valley, Murrieta, Real Estate, Riverside, Short Sales, Statistics, Temecula

On that perfect fall day you cuddle up on the family room couch and bask in the warmth of the fireplace. Your family nearby, you plan your weekend dinner party and debate a dip in the spa vs. a card game in the formal dinning room. The kids can retreat to one of the 4 spacious bedrooms or play outside in the oversized backyard. Everyone loves to gather at your house because of the great neighborhood, and wonderful back yard.

Bedrooms: 4. Baths: 3. Home size: 2,200 sf. Lot size: 0.16 acre.

Year built: 1990 Pool: No. Garage: 3-Car List Price: $479,900

For 24-hour recorded information about this home, call (800) 941-1900, ext. 6099

Your home could be next. To get a free market analysis, or for other local real estate imformation, call Scott Chappell & Brian Bean's 24-hour hotline at (800) 941-1900. It's a community service offered by one of Riverside's leading real estate teams.

Ask about Scott & Brian,s 100% Satisfaction Guarantee program. If you aren't satisfied, they'll refund thier commission.

Labels: Corona, Foreclosure, Home Prices, Inland Empire, Loan Modification, Moreno Valley, Murrieta, Real Estate, Riverside, Short Sales, Statistics, Temecula

October 15, 2006

Emmet Pierce
The San Diego Union-Tribune

Smoke — at least the lingering smell — might be getting in the eyes of potential buyers.

“If you can smell it, you can’t sell it,” says John Hokkanen, an Encinitas, Calif., real estate associate who sells property in a region where anti-smoking forces are particularly militant.

Gary Kent, a San Diego real estate professional, says he and many other practitioners don’t even like to sign clients who smoke because they’ll have to hold open houses in their homes. “Who wants to sit in a smoky room for three hours?” Kent asks.

Cleaning up smoke smell can require little more than shampooing carpets and running fans, but in cases where heavy cigarette use has gone on for years, removing the telltale signs requires a professional.

Cleanup can involve scrubbing all walls and ductwork, repainting everything, and replacing carpets. Louie Carini, owner of San Diego Odor Control, estimates the cost for cleaning an 1,800-square-foot home where there has been heavy smoking can range from $1,500 to $3,000, plus the cost of new carpeting.

A few years ago, if you asked smokers to clean up their homes before putting them on the market, they often were offended, Kent says. Today, they no longer put up a fight. They know that public expectations for smoke-free environments are rising, Kent says. “The owners totally get it.”

Labels: Corona, Foreclosure, Home Prices, Inland Empire, Loan Modification, Moreno Valley, Murrieta, Real Estate, Riverside, Short Sales, Statistics, Temecula

Time to get your home ready for winter ...

Friday, October 13, 2006

By Paul Bianchina
Inman News

Fall is already in the air, which means that another chilly winter can't be too far behind. So before the cold weather arrives and you snuggle up indoors again, here's your annual checklist of things to do to get your home ready for the change of season.

Inside Your Home

Check smoke detectors: Please don't neglect that smoke detector any longer! Take some time right now to check the operation of detectors and to change the batteries. If you have an older house with a limited number of smoke detectors, you really need to install some additional ones. Battery-powered smoke detectors are inexpensive and very easy to install, so add one to each bedroom and make sure there is one centrally located on each level of the home as well.

Install a carbon monoxide detector:A fire is not the only danger you can face inside your home. As houses get closed up for winter, the chances of carbon monoxide poisoning from malfunctioning gas appliances increases substantially. If you have a furnace, fireplace, water heater or other appliance that is fueled by propane or natural gas, now is the ideal time to install a carbon monoxide detector. They're available inexpensively from many home centers and retailers of heating system supplies, they're an easy do-it-yourself installation, and they can truly be a lifesaver!

Clean furnace ducts: A surprising amount of dirt can accumulate inside your home's furnace ducts, which can decrease your furnace's efficiency and add unnecessary dust to the indoor air. Now is the time to have a professional duct cleaning service come out and take care of this for you.

Change your furnace filters: Now is also the time to change your furnace filter and you might consider spending a few extra dollars and install one with a higher efficiency rating then the standard inexpensive filters have. While you're changing the filter, consult the owner's manual for the furnace to see if any annual fix-ups of belts, pulleys and other components are necessary - follow all of the manufacturer safety instructions for shutting the power and fuel to the furnace before servicing.

Clean and inspect the fireplace: Last winter your hardworking fireplace was building up a layer of soot and creosote and you've no doubt forgotten all about that during the summer. Before you light the first log, clean the fireplace chimney or wood stove flue using brushes approved for the size and type of flue you have, or consider hiring a chimney sweep to take care of this task for you - most do a great job at a very reasonable price. Clean out the firebox, making sure you place the ashes in a fireproof container with a tight lid for proper disposal. If you have an airtight wood stove or fireplace insert, check the door-seal gasket, and clean the glass on the door.

Outside Your Home

Check weather-stripping: When you have gaps around doors, windows or other areas that penetrate the exterior of your home, you waste expensive heated air from inside as well as allow annoying drafts to keep you from feeling comfortable. Fall is the time to check the weather-stripping around doors and windows, and replace any that are worn. Everything you need can be found at home centers and retailers who specialize in doors and windows. Now is also a good time to close up a few more air leaks by checking the condition of caulking around exterior door and window frames and other penetrations.

Check and clean gutters: Time to break out the ladder and clean your gutters of leaf and pine needle debris and check that the opening between the gutter and the downspout is unobstructed. Check the entire system for loose joints or other structural problems, and use a gutter sealant to seal any connections where leaks may be occurring. For any repairs or cleaning you don't want to undertake yourself, you can also consider the services of a professional gutter company.

Adjust exterior grade: Fall is also a great time to take a long look at the grade around your home, and make sure that everything slopes away from your foundation to avoid costly problems with ground water. Add, remove or adjust soil grades as necessary for good drainage.

Remodeling and repair questions? E-mail Paul at paul2887@hughes.net.

Labels: Corona, Foreclosure, Home Prices, Inland Empire, Loan Modification, Moreno Valley, Murrieta, Real Estate, Riverside, Short Sales, Statistics, Temecula

Here's an interesting article about an uptick in home sales ...

Pending home sales index shows increase

National Realty News

WASHINGTON, D.C. - Pending home sales are up, indicating a stabilization is taking place in the housing market, according to the National Association of Realtors.

The Pending Home Sales Index,* based on contracts signed in August, rose 4.3 percent to a level of 110.1 from a reading of 105.6 in July, but is 14.1 percent lower than August 2005.

David Lereah, NAR’s chief economist, said the rise in the index is a hopeful sign. “Our sense is that home sales may have reached a low in August – the Pending Home Sales Index shows home sales should be fairly stable over the next two months, although a minor decline is possible,” he said. “With fewer new listings coming on the market, we should be able to draw down the inventory supply early next year to the point where home prices will rise, but at a slower pace than historic norms.”

The index is a leading indicator for the housing sector, based on pending sales of existing homes. A sale is listed as pending when the contract has been signed and the transaction has not closed, but the sale usually is finalized within one or two months of signing.

An index of 100 is equal to the average level of contract activity during 2001, the first year to be examined, and was the first of five consecutive record years for existing-home sales. There is a closer relationship between annual changes in the index and actual market performance than with month-to-month comparisons; analysis shows a strong parallel between changes in the index from a year ago and the actual pace of home sales in coming months.

Regionally, the PHSI in the West rose 9.2 percent in August to 112.7 but was 16.9 percent below August 2005. The index in the South increased 4.0 percent to 126.8 in August but was 9.4 percent below a year ago. In the Northeast, the index rose 3.6 percent in August to 95.4 but was 12.4 percent below August 2005. The index in the Midwest was unchanged at 93.8 in August and was 20.4 percent lower than a year ago.

Labels: Corona, Foreclosure, Home Prices, Inland Empire, Loan Modification, Moreno Valley, Murrieta, Real Estate, Riverside, Short Sales, Statistics, Temecula

Four Steps to Sell Fast in a Slow Market

Monday, Oct. 9, 2006

By Margaret Steen
Special to the San Jose Mercury News

Because buyers now have more choices and many homes are taking longer to sell, the price must be right. But for sellers who feel their homes are already priced just right, other issues can speed up or slow down the sale. Experts offer these tips on avoiding pitfalls:

• Make your home accessible. It's inconvenient to have potential buyers coming to your home at unpredictable times. But telling buyers they can't come in the evenings, can only see the house between 9 and 11 a.m. or may only stop by if they have an appointment may mean that some of them go to look at other houses instead. And that's not going to help you sell yours.

"Now the buyer has so many choices. If you're not going to make yours available, they can go look at others,'' said David Martz, an agent with Re/Max Valley Properties in Willow Glen. "This is simply a game of exposure. More showings equals greater interest equals greater likelihood for more money.''

• Make yourself scarce when buyers arrive. Go out the back door as they're coming in the front.

"Your very presence can be contrary to the merchandising experience,'' said John Dozier, broker and owner of Cupertino Properties. "They'll all say how uncomfortable they were if the owner was there when they walked through it.''

• Check your agent's commission arrangement. Make sure the commission being offered to the buyer's agent is competitive, even if your agent is offering to take a smaller than usual commission. The amount of the commission that goes to the buyer's agent is part of the listing that agents see, and if it's substandard, buyers' agents could focus on other houses first.

"Commissions are negotiable, but in this market if you're the seller, you want to offer out the best bait,'' Martz said.

• Eliminate surprises. Dianne Vernon, an agent with Coldwell Banker in Los Altos, once went to see a home that was listed as vacant and discovered a man who lived in the property's guesthouse lying on the couch, watching television and surrounded by beer cans. That's not the only kind of surprise you want to avoid. Make sure that in your zeal to promote your home, you (or your agent) don't forget to mention things that could make a buyer or buyer's agent feel disappointed the first time they see the property: a bad roof, a foundation that needs major repairs.

Labels: Corona, Foreclosure, Home Prices, Inland Empire, Loan Modification, Moreno Valley, Murrieta, Real Estate, Riverside, Short Sales, Statistics, Temecula

Friday, October 6, 2006

Realtor Magazine Online

For the week ending Oct. 5, the 30-year fixed mortgage rate averaged 6.30 percent, the lowest level since the week of March 2, when it averaged 6.24 percent, Freddie Mac reports.

"Mortgage rates fell to a six-month low this past week, and, not surprisingly, home refinancing rose 18 percent last week, accounting for almost half of all mortgage applications," said Frank Nothaft, Freddie Mac vice president and chief economist. "This is due both to the recent decline in mortgage rates and to homeowners who are refinancing ARMs rather than waiting for them to reset in the future when rates may be higher."

The 15-year fixed rate this week averaged 5.98 percent with an average 0.4 point, unchanged from last week. A year ago, the 15-year rate averaged 5.54 percent. This is the lowest the 15-year rate has been since the week ending March 23, 2006, when it averaged 5.97 percent.

Labels: Corona, Foreclosure, Home Prices, Inland Empire, Loan Modification, Moreno Valley, Murrieta, Real Estate, Riverside, Short Sales, Statistics, Temecula

What a buy, priced below market value. The cathedral ceiling in the entry provides an open airy feel in the living room. Spend time with your family while cooking in the open kitchen with a center island overlooking the family room. Newer neutral-colored carpet throughout and light-colored ceramic tile in the kitchen and family room make cleanups a breeze. When chores are done, relax in the family room.


Bedrooms: 3. Bath: 3. Home size: 1,530 sf. Lot size: .08 acres.
Year built: 1990. Pool: No. Garage: 2-car. List Price: 335,000.

For 24-hour recorded information about this home, call 1-800-941-1900, ext 8039

Your home could be next. To get a free market analysis, or for other local real estate information, call Scott Chappell & Brian Bean's 24-hour hotline at (800)941-1900. It's a community service by one of Riverside's leading real estate teams.

Ask about Scott & Brian's 100% Satisfaction Guarantee program. If you aren't satisfied, they'll refund their commission.

Labels: Corona, Foreclosure, Home Prices, Inland Empire, Loan Modification, Moreno Valley, Murrieta, Real Estate, Riverside, Short Sales, Statistics, Temecula

You've had a tough day at the office. Wouldn't it be nice to decompress in your own luxurious refuge? A quiet evening in front of your backyard fireplace. An intimate dinner prepared for friends in your granite slab kitchen. Cheering on your favorite team with your best buddy on Sunday in the lush entertainment family room. Watching the sunset from the covered patio. This famtastic affordable home has nearly $100,000 in upgrades!

Bedrooms: 5. Baths: 3. Home size: 2,938 sf. Lot size: .20 acres.

Year built: 2000. Pool: No. Garage: 3-Car. List Price 579,900.

For 24-hour recorded information about this home, call 1-800-941-1900, ext 8049

You home could be next.To get a free market analysis, or for other local real estate imformation, call Scott Chappell & Brian Bean's 24-hour hotline at (800)941-1900. It's a community service by one of Riverside's leading real estate teams.

Ask about Scott & Brian's 100% Satisfaction Guaranty program. If you aren't satisfied, they'll refund there commision.

Labels: Corona, Foreclosure, Home Prices, Inland Empire, Loan Modification, Moreno Valley, Murrieta, Real Estate, Riverside, Short Sales, Statistics, Temecula