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I've been looking at REOs lately and I noticed that the listing price are much higher than the Trustee sale amount. Is there something I'm missing? Here's an example. http://www.redfin.com/CA/Rancho-Cucamonga/9646-Norbrook-Dr-91737/home/4275965 It's currently listed at 964K, but it...

Where can I get information on up coming auctions?

I think it also come from parents having an active role in child their child up bringing and steering them toward realistic, yet high income careers. I was recently at a graduation for pre-schoolers (all were Asian except for one white kid, and he learned to speak chinese). There were...

I'm more interested in the property tax aspect versus the IRS gift/estate side. Theoretical situation: You have John who bought a house at peak bubble and paid 1 mil. So he's currently paying property tax at one mil. Can he sale it to a friend for 300k who sale it back to him for 300k...

How are property tax assessment made when a property is sold for much lower than market value, such as between family members? Lets say a parent have a home that's worth 500k. But "sell" it to a child for 100k. Will the property tax be base on the new sale price of 100k? Thanks.

If you buy a property at a courthouse auction, do all leins get wiped out?

When I attended UCI in the early 90's, it was known as the University of Chinese Immigrants.

I was referring to being centrally located in relation to LA, OC, and SB/Riverside. Hence appealing to a larger segment.

Hey, they do have a 99 ranch market. If that doesn't say its an asian mecca, nothing will. Wow, that foreclosure map sure looks ugly. But is it any different from any other city?

Tax rate? As in property tax rate? As far as stigma of city names, I was referring more toward resale/home values. I would guess that an area with the right name would hold up better (in term of home prices) than an area with an less desireable name. Kind of like Tustin and Irvine. Both...

Thanks for the suggestion, you're right, the schools in that triangle is pretty good, but cross the 71, and the ratings go from 8 and 9 down to 3 and 4 according to this site:http://schoolperformancemaps.com/ca/ Is there something special about this triangle as compare to chino hills or...

We have 2 little ones that will be starting school in 2 and 5 years respectively, so good schools are a must. I'm afraid Pomona schools are lacking, so Pomona is not an option. We're also considering Alto Loma, and to a lesser extent clairemont, and perhaps Diamond bar (but I think the commute...

Thanks for the reply. Luckily, I won't be commuting to Irvine, but rather Loma Linda. I have family all over So Cal, Lareda Ranch, corona, riverside, anaheim, Pasadena. So Chino Hills is central and would be ideal. The wife did not find a job yet, so Chino hills would also allow her to...

What's your take on chino hills? Particularly homes >$600k. Has Chino hills crashed yet, or are they primed for one? Anyone have any experience living in Chino hills? How's the community out there?

Not trolling, but what's with all the negativity toward large tract homes? I don't get it. Living in Houston (soon to move back to socal), homes out here are large and cheap. Its not uncommon to buy a new home in a good neighborhood for $50/sf. KB homes had some houses that were 3500sf...