Phillips Ranch, CA

I recently submitted an offer for my client to purchase a bank owned home in Chino Hills. My cleint's offer is $15,000 over bank's asking price with 50% down payment. By the end of the 1st listing day, there were 5 offers and my client's offer was out bid by an all cash offer.

This month, I am seeing bidding frenzy on some bank owned properties - especially the upgraded ones with move-in condition.

Another example of this craziness is the house at 14 Falcon Ridge Drive in Phillips Ranch. With wood floor upgrade, move in condition, and location right in front of the beautiful greenbelt, it was sold $61,100 over the asking price on 08/25/08. The asking price is $348,900 and the final price is $410,00 which is 17.5% over the asking price.

I recently received several phone calls from investors who no longer feel safe with money in the bank and have decided to invest in REOs instead. Couple with large tax incentives recently passed, this is probably why we are seeing the bidding frenzy over bank owned homes.

This 2005 built 3Br/2.5Ba bank owned home in Pomona is listed for only $299,990. This 1500 sq ft home has hardwood floor and 2-car garage. It is located in a secure gated complex in a safe side of Pomona.

If you are renting now, this house is so affordable, it might be better to pay your rent towards your own mortgage than to the landlord! Call Caroline today for a free viewing of this lovely steal!

Phillips Ranch is a master planned community with tree lined streets and lots of beautiful walking trails. It is a college town of Cal Poly Pomona.

It is geographically isolated by 60, 57, & 71 freeways. It provides the convenience of easy freeway access with a small town atmosphere.

It's Friday and Friday is fun! One of my favorite weekend getaways is to go to Cambria in central coast. It is about 4 hours north of Los Angeles close to Hearst Castle.

The small seaside town is real quiet. No car or airplane noise. Just the sound of the wave crashing the shore.

It is also a wonderful place to be close to the nature. From the birds to the blossom flowers to the blue sky.....Cambria is my dream paradise.

One of the great joy of living in Southern California is to go to the beach. Since the weather is so nice here, it could be done almost all year long.

I love the smell of the ocean. When I go to the beach, I just sit back and listen to the sound of the wave crashing the shore and watch the serene view of the blue sky over ocean.

It is also so much fun watching the spectacular sunset and wait for the stars to fill the whole sky.

I always get so relaxed after a beach trip. It is wonderful living in Southern California.