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    REOs Leased by Bank Considered Shadow Inventory?

    The house we are leasing is a bank owned house. Our property manager said that she has a ton of them. Originally, when we moved in in January, the bank's plan was to do a one year lease, and then put it on the market. The property manager told us that some of the leases are up, and the bank is...
  2. M

    Whats Up with the Down Payment Assistance Program?

    Its kind of frustrating. Through the Affordable Housing program in OC, there are grants for $40,000 for first time homebuyers, if you qualify as a lower income family. But the trick is that you have to purchase within a list of cities. Most of the cities listed are way too expensive for the...
  3. M

    Any Advice on Corona?

    I think Im getting mixed up with the short sale listings. There are a lot of outrageously huge amazing houses listed in the 2s and 3s in Corona, but when I looked into it more, they are all short sales. I guess we will just wait it out longer. We are renting in Aliso Viejo, a bank owned house...
  4. M

    Any Advice on Corona?

    The train takes 30 minutes to Santa Ana. His commute now is about 45 minutes. We homeschool so schools arent really a factor for us. He would leave his car in OC, and use it to go back and forth to the train station.
  5. M

    Any Advice on Corona?

    We have a big family, and are considering the possibility of purchasing in Corona. My husband earns $73k per year, and I am a stay at home mom. The maximum amount we could spend on a home would be $240k, which is absolutely impossible in OC, unless we were to buy a small 1 bedroom townhouse or...
  6. M

    San Carlo Villas...Any Feedback?

    We are about to sign a lease for a townhome at San Carlo Villa. Is there anything we should be aware of? If you live there, or have lived there in the past, what was your experience? THanks!
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