Homeownership has long been a symbol of the American Dream and the cornerstone of wealth creation for most families. The current market correction in housing prices and the increase in REO Foreclosure homes has served to create a favorable environment for buyers looking to buy a home in the Los Angeles and Inland Empire counties of San Bernardino and Riverside.  Foreclosures in the Rancho Cucamonga, Ontario, Fontana, Chino Hills, Pomona, Mira Loma, Corona, Riverside and the surrounding Southern California Inland Empire communities offer an affordable real estate home buying option for buyers that want the advantage of a good deal when buying their home.

We try to make a significant effort to market REO properties to low to moderate income homebuyers that were previously priced out of the market.  First Time home buyers that want to get the most value for their first investment should consider REOs as an affordable housing option and turn these losses into new beginnings.

There are real benefits to buying an REO:

• Affordability – Typically foreclosures are aggressively priced to sell. Banks are eager to sell them and will price them low to ensure a quick transaction;
• Qualifying homebuyers can finance both the purchase of an REO and the cost of its rehabilitation through a single mortgage loan;

• If you decide that an REO is for you, we’d love to help make your purchase a successful one.

• More bargaining leverage – Banks usually want to sell REOs within 90 days of listing and are usually willing to negotiate with buyers;

• Competitive pricing and today’s low interest rates often make an REO purchase more affordable than renting;

• Buyers can purchase with 3%, If purchasing with FHA or VA loans, most banks are willing to pay reasonable closing cost;

Did you know . . . Home prices have been so inflated for nearly six years that many hardworking people have been priced right out of the market and unable to afford even a simple starter home. Because REO properties are priced competitively and interest rates are historically low, many first time home buyers are able to qualify for a mortgage and buy their 1^st home with an affordable payment . . . often lower than the rent they have been paying!