Chino, CA

Eighteen Chino homes were added to those listed for sale during the week ending Jan. 26, 2010, according to the Inland Multi-Regional Multiple Listing Service and 17 Chino properties were reported as entering escrow during the week.

A total of 184 Chino homes were listed for sale in the MLS on Jan. 26. Included were 95 single-family homes. There were 89 condominiums, townhomes and single-family homes in home owner associations listed for sale in Chino on Jan. 26. The number of homes in escrow was 217.

The MLS showed 51 "standard" sales and 22 foreclosed, or Real Estate Owned, homes listed in Chino on Jan. 26; 99 others were in pre-foreclosure - listed as "in foreclosure," Notice of Default or Short Pay/Subject to Lender and 12 were listed as probate sales, or not identified by type.

There were nine Chino homes reported in the MLS as sold during the week ending Jan. 26, 2010, and 116 in the past 60 days.

Ila Josephs, a Realtor with Tarbell, Realtors, prepares weekly reports for her website, www.ilajosephs.com, surveying home market activity in the Inland Empire cities of Chino, Claremont, Fontana, La Verne, Montclair, Ontario, Pomona, Rancho Cucamonga, and Upland. For more information, call Ila at (909) 261-3541.

Chino, California celebrates its 100th birthday anniversary

Chino celebrates its 100th year in 2010.  Founded in 1910, Chino was a big farm town producing a large supply of sugar beets and dairy products.  Today proliferation of housing tracts is obvious.  The dairies disappear as new home builders move in to claim the property.  What a difference 100 years make.

There will be a new logo unveiled for the Centennial year.  Stay tuned.

Cameron Novak
Chino Short Sale Agent
The Homefinding Center^TM
Corona, California
951-212-7479
 

I often got calls from tenant inquiring about any rental that offers lease to own option. Lease to own is a great tool for landlord to get more money per month and have tenant take very good care of the property thinking that they will eventually own it.

Nevertheless, it may be a very bad idea for tenant. Over the past few years, I kept on running into tenants who got themselves into a lease to own contract and the landlord lost the house due to foreclosure.

Despite of the landlord's best intent at time of signing the lease to own contract to sell it sometime down the road, they may run into un-controllable situation that they can not fulfil their obligation to sell it in the future. Let's look at couple of scenarios:

1. Owner lost the rental property due to foreclosure.

2. Owner get into financial trouble and has liens against the property that he can not afford to pay and can not sell the house unless the liens are paid.

Once tenant pays their rent plus some extra money per month into the down payment, if the owner is not capable to deliver the house, all the extra money put into the house over the years will be lost.

Lease to own is a brilliant financing instrument for landlords but it may not be in tenant's best interest. It will be wise for tenant to investigate further before engage in a lease to own contract.

Fifteen Chino homes were added to those listed for sale during the week ending Dec. 7, 2009, according to the Inland Multi-Regional Multiple Listing Service and 11 Chino properties were reported as entering escrow during the week.

A total of 162 Chino homes were listed for sale in the MLS on Dec. 7. Included were 78 single-family homes not in associations. There were 84 condominiums, townhomes and single-family homes in homeowner associations listed for sale in Chino on Dec. 7; 60 listed homes were reported as vacant.

The MLS showed 23 foreclosed, or Real Estate Owned, homes listed in Chino on Dec. 7; 92 others were in pre-foreclosure - listed as "in foreclosure," Notice of Default or Short Pay/Subject to Lender.

There were 15 Chino homes reported in the MLS as sold during the week ending Dec. 7, 2009.

Eleven Chino homes were added to those listed for sale during the week ending Nov. 15, 2009, according to the Inland Multi-Regional Multiple Listing Service and 14 Chino properties were reported as entering escrow during the week.

A total of 158 Chino homes were listed for sale in the MLS on Nov. 15. Included were 79 single-family homes not in associations. There were 79 condominiums, townhomes and single-family homes in homeowner associations listed for sale in Chino on Nov. 15; 56 listed homes were reported as vacant.

The MLS showed 21 foreclosed, or Real Estate Owned, homes listed in Chino on Nov. 15; 85 others were in pre-foreclosure - listed as "in foreclosure," Notice of Default or Short Pay/Subject to Lender.

There were eight Chino homes reported in the MLS as sold during the week ending Nov. 15, 2009.

Ila Josephs, a Realtor with Tarbell, Realtors, prepares weekly reports for her website, www.ilajosephs.com, surveying home market activity in the Inland Empire cities of Chino, Claremont, Fontana, La Verne, Montclair, Ontario, Pomona, Rancho Cucamonga, and Upland. For more information, call Ila at (909) 261-3541.