short sale information

Riverside Lake Community

Beautifully renovated home in Lake Riverside Estates. Home has all new flooring, new electrical fixtures, new plumbing fixtures, new upgraded BLK appliances, fresh interior/exterior paint. Price includes washer and dryer too. Home looks great and feels as good as new. Home is very private and includes views of the surrounding hills and its amazing lake. Lake Riverside Estates is a gated community 20 minutes east of Temecula. Amenities include a scenic lake, a community pool, riding trails, park and a private landing strip for small aircraft. Check out the pictures then come see for yourself 

Priced at $209,900 3 Bedrooms 2 Bathrooms and 2025 square ft of living space on a 3.02 acre Lot Miguel Aguilar 951-634-8843 





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“The Cove”

Priced to sell $237,000 

Beautiful turnkey home nestled at the base of the San Jacinto mountains in the quiet, very desirable community called “The Cove”. This home is well maintained and clean inside and out! The kitchen features granite countertops and an open floorplan that leads into the living room. The front and backyard are fully landscaped with water wise plants and rockscape. All 4 of the bedrooms are located upstairs. Good sized master bedroom and bath with walk in closet. The community offers two private, gated parks for residents only. Great veiws of the mountains and a great location off of Warren Rd. close to Dominagoni Parkway and the 79. Minutes away from schools and shopping.

Please contact Miguel Aguilar at 951-634-8843 or



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Short Sale and Foreclosure Information for Homeowners: How Long Do I Have to Wait After a Short Sale or Foreclosure to Buy Another Home?

“How Long Do I Have To Wait After a Short Sale or Foreclosure to Buy Another Home?”

Going through a short sale or foreclosure can be a very difficult process for a family
to endure. Often times the transition is painful, but is important to remember that the
wounds are temporary. Although the impact to a homeowner’s credit is significant
initially, careful planning and saving can turn a negative into a positive. In some cases,
borrowers are in a position to buy an affordable home in just 2-3 years after the short sale

Short sales have played an important role in the real estate market since the crash in
2007. Previous homeowners who went through this process in 2008 may now be in a
position to be granted mortgage financing on a home purchase. The most important part
of qualifying for a mortgage loan after a short sale or foreclosure is the length of time that
has passed, as well as the reestablished credit history that has been built by the consumer.

So how long does a former homeowner need to wait? Government loan guidelines (FHA,
VA, etc.) dictate that borrowers who walked away from their home through the short
sale process wait three years until financing will be approved (assuming income and the
remaining credit history are acceptable, of course). For Conventional loans, this time
frame can possibly be cut down to two years, based on the amount of down payment.

For those looking to buy after a foreclosure, the time frames are extended to seven
years in most instances. This glaring difference is an example of why short sales are an
important resolution to consider when facing a financial hardship. If a homeowner is able
to short sale instead of foreclose, they place themselves in a position to buy again in a
much quicker time frame than if they pursued the latter.

Good news for those reentering the buyer’s market: rates are at historic lows and prices
are still far lower than what many had purchased for in the early part of the century. What
does this mean for the new wave of buyers who have successfully recovered from their
previous short sale? The chance to secure a new dream home at a price and payment they
can feel secure in.

If you fall into this category and are interested in learning more about your qualifications,
I work with trusted and knowledgeable mortgage originators that can review your entire
history and put together a plan of action for you and your family. If you found yourself
in a short sale transaction in 2009 or 2010 but are still interested in purchasing a home in
the near future, nothing is more important than proper planning. I would recommend you
contact me so I can put you in touch with a professional who can ensure you are the right
track financially to achieve this goal once the time is right.

Questions about this article or looking for more details about how to qualify for a loan
after a short sale or foreclosure? Please contact me at or call
(951) 634-8843.

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