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Betty Olguin & Mark Ambrose Temecula Short Sale Realtors

New CA Mortgage Aid Program Offers Relief

The U.S. Treasury Department has approved a California Housing Finance Agency plan known as "Keep Your Home California" to use nearly $2 billion in federal funding to help families who have lost their jobs and are struggling to pay their mortgages.

The Keep Your Home California programs are focused on helping low and moderate income families stay in their homes, whenever possible and will give qualified unemployed homeowners up to $18,000 each over six months to pay their mortgage.

To qualify, homeowners must meet income and other restrictions and their loan servicer must participate in the program. As of Feb 4, 2011, only three servicers had signed up, but CalHFA expects to have up to 10 very quickly.

The California Housing Finance Agency, which is sponsoring the federally funded program, has posted a quick screening tool homeowners can use to see if they meet the major requirements at www.keepyourhomecalifornia.org/qualify.aspx. Homeowners can also call (888) 954-5337 to be referred to a housing counselor who will help determine eligibility for the Keep Your Home California program.

Menifee Real Estate Report: Feb 2011

Menifee real estate statistics: "Active Listing" and "Sold" data for single-family homes in Menifee CA. The following details came directly from the Riverside County MLS on February 19, 2011:

  • There are 81 homes for sale within the Menifee Union School District.
  • The average listing price for a Menifee home today is $248,784.
  • The lowest priced Menifee home for sale is listed for only $129,000.
  • The highest priced Menifee home for sale is listed at $2,295,000.
  • The average days on market for all Active listings is 73 days.
  • From January 1 2011 through Feb 19 2011 there have been 33 homes sold in Menifee.
  • The average days on market for those 33 homes sold was 94 days.
  • The average sales price for Menifee homes sold in that period was $202,764.
  • The lowest priced Menifee home sale was for $84,000.
  • The highest priced Menifee home sale was for $314,000.

If you are interested in viewing available homes for sale in the Menifee Union School District and learning more about the community, be sure to visit our Menifee Homes for Sale

Murrieta Real Estate Report: Feb 2011

Murrieta real estate statistics: "Active Listing" and "Sold" data for single-family homes in Murrieta CA. The following details came directly from the Riverside County MLS on February 19, 2011:

  • There are 260 homes for sale within the Murrieta School District
  • The average listing price for a Murrieta home today is $558,246
  • The lowest priced Murrieta home for sale is listed for only $155,000
  • The highest priced Murrieta home for sale is listed at $4,400,000
  • The average days on market for an Active listing is 130 days
  • From January 1 2011 through Feb 19 2011 there have been 75 homes sold in Murrieta
  • The average days on market for those 75 homes sold in was 95 days.
  • The average sales price for Murrieta homes sold in that period was $296,553
  • The lowest priced Murrieta home sale was for $131,000
  • The highest priced Murrieta home sale was for $1,765,000
  • Also see our Murrieta Foreclosure Report


If you are interested in viewing available homes for sale in the Murrieta School District and learning more about the community, be sure to visit our Murrieta Homes for Sale.

Temecula Real Estate Report: Feb 2011

A client asked us this morning how many homes were available for sale within the Temecula Unified School District so we ran "Active Listing" and "Sold" reports and thought the information was worth sharing. The following details came directly from the Riverside County MLS on February 16, 2011:

  • There are 306 homes for sale within the Temecula Unified School District.
  • The average listing price for a Temecula home today is only $472,936.
  • The lowest priced Temecula home for sale is listed for only $99,000.
  • The highest priced Temecula home for sale is listed at $5,812,600.
  • From January 1 2011 through today, Feb 16 2011 there has been 91 homes sold in Temecula.
  • The average sales price for Temecula homes sold in that period was $328,040.
  • The lowest priced Temecula home sale was for $106,000.
  • The highest priced Temecula home sale was for $803,000.
  • Also see our Temecula Foreclosure Report.


If you are interested in viewing available homes for sale in the Temecula Unified School District and learning more about the community, be sure to visit our Temecula Homes for Sale.