California

Are you looking for Studio City bank owned homes for sale? We have real estate owned (REO's) and foreclosure homes below market value. Studio City is a very popular area of the San Fernando Valley. Here is a list of available Studio City homes for sale that are in foreclosure.

You can also search Burbank bank owned homes and Sherman Oaks bank owned homes.

Man dies in Corona freeway accident

A man driving a pickup truck on the 91 freeway in Corona Monday morning crashed and subsequently died while transitioning from the 91 freeway onto the 15 freeway.  Traffic was held up during the cleanup of the scene.  I believe the victim was travelling alone and no other injuries or deaths were reported.

Use caution when driving in and around our city of Corona!

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Cameron Novak
Corona & Riverside Short Sale Agents
The Homefinding Center^TM
Corona, California
951-212-7479

Many of the emails I have received about Probate Real Estate has been about the commissions being reduced in court and with all the extra work many of you don't want to consider being a Probate Agent as it just doesn't makes sense. Why should you work on a a Probate Home sale if your commission is going to be reduced?

First of all YOU ARE THINKING WRONG and clearly haven't really grasped what I have been blogging about on Active Rain. Well at least you California agents and investors as you don't have to worry about your commission being reduced under the I.A.E.A Probate process only under the old probate court confirmation sale. Yes! our focus is always to take a listing or make a sale under the I.A.E.A. I have written blogs about you controlling the sale and directing the estates attorney on how you are going to handle the sale with the court. If you don't understand this go back and read my blogs again as this is important and you are missing out on a Six Figure opportunity.

Most probate sales (investor or probate agent) can go under the I.A.E.A and when you make your offer to the estate you place a clause stating "Sale is subject to the estate going through the I.A.E.A without court confirmation of sale". If the estate has a will or no will doesn't matter as you can petition the court for the I.A.E.A process. In Probate Real Estate the executor can petition the court for the sale to be conducted under the I.A.E.A and when you take a listing or make a sale under this law your commissions are whatever you and the executor decide. Please understand Probate Agents receive the same commission as you do on your regular sales.

The only time you may receive less a commission is if the sale is being held under the old court confirmation process. When a listing is taken and the old court process with confirmation of sale is being used, the court may elect what your commission will be in the listing and this could be less than the full 6 percent. Also, if you overbid in court and the sale which was going to court did not have a listing or selling agent then your commission will be based on a mathematical formula and is the only time you may work at a reduced commission. Bottom line is work the I.A.E.A process not the court confirmation process but if you must be happy with the commission. Again this is a Six Figure opportunity.

Probate Real Estate has been my main focus for over 22 years and I'm proud to be considered one of the top Probate Agents in my County plus a national known author and speaker on the Probate Real Estate Investing opportunity. I have many investors from around the country who have followed my system and teaching for years and now many more Probate Agents are joining the club. I highly recommend you take a serious look as it has been better than foreclosures and REO's as the market doesn't control them.

Call me at my ReMax Castro Valley office 510-728-2943 if care to chat more about this. I always love to chat about my probate system and how it can help those interested.

Two weeks ago, I was having dinner with someone in Default Industry who was telling me that they have an idea to pitch to bankers by offering cheaper BPOs to undercut existing BPO companies! I was shocked to disover that has already become a reality! Today, we got a list of BPOs for $15 auto-assigned to us!

This reminds of me how manufacturing jobs were shipped permenantly out of US where wage pressures forced everyone in Contract Manufacturing to chase the cheapest labor rates! Ironically, if this becomes the trend most of us who are in REO business will have no choice but do the same.

But wait, this gets better. While this BPO provider is reducing their pay rate; their BPO forms are becoming much more complicated. In fact, their form has more than 250 data entry fields!! This company has cleverly inserted a Rental Survery into their BPO form as well. They are NOT calling it Rental Survey, but the fields in this section of the BPO form requires "Market Rents", "Number of Rental Properties in the Area", "Typical Rental Rates Per sqft".....etc.

Another vendor requires us to duplicate EVERY possible data field in the MLS for EACH comp. But what's amazing is that they also ask for a copy of the MLS to be attached!! We wondered why we bother enter ALL the fields from MLS, if we are going to upload a copy!? We suspect the reason might be sinister and the reason they are asking agents to upload the MLS is that they don't trust their agents which is a huge shame. And when you don't trust your agents on the street, it would be very easy to discount their pay scale to lower than a Living Wage!

This BPO now requires filing out about 300 data entry fields in addition to taking a minimum of 6 exterior Photos for $15 dollars?! I had no idea how worthless our Option had become! I say, why stop at $15? Push it down to $5. Why stop at $5, just go to ZERO! Wait, some agents are doing BPOs for FREE.

Needless to say, we declined these BPOs since we don't have an office in India yet! I wonder who is to blame here?

Times were hard in the early days of Grass Valley California - the territory had to be cleared so houses could be built. Trees were cut down, burned or turned into lumber to build the homes and schools. Very little was wasted and the quality of life in Nevada County began to steadily develop. Water had to be carried by nearby springs prior to wells being dug. Stones were cut and shaped, and crops were sown and harvested by hand.

The name Grassy Valley seemed appropriate when immigrants first came through the meadows here to provided fodder for their horses, oxen and cattle. Later, in 1849, a group of immigrants from Boston settled by the side of Wolf Creek. They built a store and cabins and named their settlement Boston Ravine. The main route through the area ran between Nevada City and Rough & Ready. The area that is now downtown Grass Valley was about halfway between the two settlements, so in 1850, it came to be known as Centreville. The Postal Service opened it's first office under that name. Ultimately the three settlements became one town and adopted the name Grass Valley.

Little Known Grass Valley Facts:
Grass Valley was the first city in California to pass a law limiting cat ownership to one per household. In effort to put an end to the increasing number of stray cats, the law passed in 1987 and was the first of its kind.

View Grass Valley Real Estate