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Graham Holmes - Yucaipa Hemet REO Homes

Another Moratorium - What Good is it Doing?

Enough already!!! So California is starting yet another moratorium forcing lenders not to foreclose on their borrowers property unless they have programs in place to modify the loans of at risk borrowers. Well really what good is it going to do? Nobody is taking up the loan modification programs, in fact I read recently that last government sponsored program that was supposed to help around 400,000 homeowners actually only helped one, yes one. In the meantime the lenders are stuck with non performing loans and homes that are quite literally being torn apart by unghappy occupants. We are just delaying the inevitable.

If we want the market to have any chance of recovering we have to get the pain over and over quickly. The more delays that are forced on everyone the harder it will be for the market to reset. Who is covering the growing cost to the banks to hold onto the non performing loans? This extra strain just puts more pressure on an already stressed financial market.

The politicians need to let the market take care of itself from this point on.

Banning Foreclosure - 1209 G Ct

Graham Holmes | REviron Realty | 951 634 4118
1209 G Ct, Banning, CA
Bank Owned Banning Foreclosure
3BR/2BA Single Family House
offered at $169,900
Year Built 1991
Sq Footage 1,625
Bedrooms 3
Bathrooms 2 full, 0 partial
Floors 1
Parking 2 Car garage
Lot Size 9,147 sqft
HOA/Maint $0 per month

DESCRIPTION

Very clean 3 bedroom BANK OWNED home on a desirable Cul-de-Sac. This home shows pride of ownership with an open floor plan and well laid out family kitchen. Situated on a large lot see this home today.

see additional photos below
PROPERTY FEATURES

Central A/C Central heat Fireplace
High/Vaulted ceiling Family room Living room

ADDITIONAL PHOTOS

Seller contact info:
Graham Holmes
REviron Realty
951 634 4118
For sale by agent/broker

powered by postlets Equal Opportunity Housing
Posted: Jan 11, 2009, 3:01pm PST

Gorgeous Whisper Ridge Yucaipa - Foreclosure

Graham Holmes | REviron Realty | 951 634 4118
36410 Cherrywood Drive, Hemet, CA
Beautiful Whisper Ridge Plan 3 with Gorgeous Pool
4BR/3BA Single Family House
offered at $499,900
Year Built 2003
Sq Footage 3,039
Bedrooms 4
Bathrooms 3 full, 0 partial
Floors 2
Parking 3 Car garage
Lot Size 27,000 sqft
HOA/Maint $0 per month

DESCRIPTION

Sparkling pool/spa home in exclusive Whisper Ridge!! Electronic gate leads to RV parking. 3 car garage. Very private and secluded lot. Open floorplan with soaring ceilings. Neutral colors. Upgrades include granite in kitchen and travertine tile thru out half of downstairs. 4 Br + bonus room. Spacious kitchen w/ tons of cabinets. Island w/ veg sink. Gigantic master bedroom w/ extra large walk in closet. Seperate tub and shower.

see additional photos below
PROPERTY FEATURES

Central A/C Central heat Fireplace
High/Vaulted ceiling Walk-in closet Tile floor
Family room Living room Bonus/Rec room
Office/Den Dining room Dishwasher
Stove/Oven Microwave Granite countertop
Laundry area - inside Balcony, Deck, or Patio Yard
Swimming pool

OTHER SPECIAL FEATURES

Gated RV Parking

ADDITIONAL PHOTOS

Seller contact info:
Graham Holmes
REviron Realty
951 634 4118
For sale by agent/broker

powered by postlets Equal Opportunity Housing
Posted: Jan 11, 2009, 2:50pm PST