The "Real" State - Corona, CA

Prolegomena. My name is Tim Trainor. The goal of this blog is to be informative. I will use this space to write about my experiences, real estate in Corona, CA, finances, non-profit organizations and my life in general. My hope is that you would return to this page in an effort to learn more about my practice, as well as more about me. The initial focus is going to be on real estate, because it is such a relevant topic and because this is where my business is focused today.

Wednesday, March 3, 2010

Jukebox XIII

So, April is an exciting time of year. Baseball is just getting under way (which means it is going to be more and more difficult to find free evenings with the Dodgers season starting). The time change is becoming more and more evident. The NBA playoffs are getting close (I am bored with the regular season, no wonder the Lakers look bored). Summer is getting close, which means that I need to get back out and run a lot more....

So here is my first Jukebox for the Spring of '10.

1. What'cha Say Jason Derulo

I don't have a good reason for liking this song. It is the third verse that gets me every time. Side note...when I found out that Kara DioGuardi from American Idol discovered Jason, and that she is a VP at Warner Bros records (or something like that) it made me want to hear her critiques more.

2. Bedrock Young Money

I love this line..."I love your sushi rolls hotter then wasabi, I race for your love shake-n-bake, Ricky Bobby". I am becoming a fan of Drake...

3. The Man I Want to Be Chris Young

I am constantly trying to become the man that I want to be. I love this song...Chris is one of my favorites.

4. The Truth Jason Aldean

I was hooked on Jason with songs like Johnny Cash, Laugh Until We Cried, Why, She's Country, Amarillo Sky...but this song is legit. Jason is really good. We considered paying $1,000 to go to Stagecoach in Indio this month just to see him...cause there really isn't anyone else in the lineup we want to see (besides Sugarland).

Sidenote...we were driving and Kenny Chesney came on the radio, Mac said, "I like Kenny Chesney, but my favorite is Jason Aldean". I had mixed feelings. I want her to like Kenny (which she assured me that she does), but I was also happy that she made her own decision.

5. Imma Be Blackeyed Peas

The Blackeyed Peas are weird and I completely DIG that. Fergie saying, "Imma be shakin my hips, your gonna be lickin your lips"...awesome.

6. Clothes Off Gym Class Heroes

So, this song is just fun. Every time I hear the line, "Oh I'm sorry, my name is Travee and I'm pretty much a big deal. Oh, you've never heard of me, that sounds absurd to me" it reminds me of Hanssie.

7. The Only Difference Between Marytrdom and Suicide is Press Coverage Panic! at the Disco

We were at some friends house for New Year's a few years ago and Panic! performed at one of the New Year's shows and I was completely unimpressed. They cross dress, they wear makeup...they are absolutely insane (you know Lady Gaga meets Keisha meets Queen). Having said that...their music is hypnotic...their music has a good groove to it. I don't know the genre of their music, I just know that when I am running...the time flies by when I am listening to their CD.

8. Empire State of Mind Jay-Z feat. Alicia Keys

My favorite song. I could listen to this song over and over again. I can hear this song played at the end of every New York sporting event for the next 20 years...this some is timeless and epic. Jay-Z's performance at the Grammy's was amazing. Blueprint 3 is great! He is the new Sinatra!

"I made the Yankee hat more famous than a Yankee can"

"Sitting court side Knicks and Nets give me high five"

"If Jeezy's payin LeBron, I'm payin Dwyane Wade"

Classic!! We need a new California anthem...now!!!

What's coming this week...

1.) What's wrong with basketball?
2.) Why NOW is the best time to buy a house?
3.) A big change in my life!!!!

Monday, March 1, 2010

New Repo Lists

92879

REO (6)
Short Sale (43)
Standard (27)
Unknown (9)

92880

REO (11)
Short Sale (91)
Standard (36)
Unknown (21)

92881

REO (5)
Short Sale (38)
Standard (27)
Unknown (9)

92882

REO (28)
Short Sale (60)
Standard (31)
Unknown (21)

92883

REO (8)
Short Sale (81)
Standard (37)
Unknown (9)

As of today 3/1/10...there are 598 homes on the market in Corona.

Short Sale - 313 (52.3%)
Standard - 158 (26.4%)
Unknown - 69 (11.5%)
REO - 58 (9.7%)

We have a new category. The unknown category. This is due to the fact that some Realtors do not input the homes correctly into the MLS; therefore, the correct category is unknown. In fact these homes (which total more than all of the REOs on the market in Corona) could be in any of the four categories listed above.

Saturday, February 27, 2010

Zip Rebate again!

Here is the latest on the rebate...

The rebate may be used in conjunction with FHA buyers
The rebate agreement between the Realtor and the buyer must be obtained and accompany the Purchase/Sales contract
The total real estate commission must be within ordinary and customary practices
The rebate cannot exceed 1% of the sales price
The rebate is considered an interested party contribution (and financing concession), and is applied toward applicable limits
The borrower must have the minimum investment requirement into the transaction
If the rebate is applied to the borrower's closing costs, it is credited on the HUD (in the 200 series line items) as a credit to the borrower
If the rebate is sent after closing and not part of the settlement at the table, it is disclosed as paid outside of closing (in the 200 series line items) as a POC credit to the borrower

These are general guidelines and not a comprehensive list. Please consult your mortgage officer if you have any questions concerning the rebate. All lenders have their own rules and guidelines for handing the rebate.

The long and the short of it is that the rebate is legal.

Monday, February 22, 2010

Zip Rebate

I had the following comment on one of my previous posts. I would have replied directly to the commenter but they left the comment without any information.

Finding out its not as simple as you say and the website claims. Zip is saying that we cant use this towards closing costs and we can only get a check after close. Our lender (or HUD) is saying we cant get a check after close unless they reduce the mortgage amount which means we must have more $ for down payment. Can anyone explain this to me?? Left several messages with Zip managers but no call back yet. The purchase is happening in MA btw.

I have not had any experience with this type of issue. I do however know that Zip has had some issues with the rebate lately. I am trying to get to the bottom of the issue and will post again with the updated information.

Sorry for any confusion and/or trouble.

Tuesday, January 26, 2010

Available Homes in Corona

Bank Owned

92879 - 18
92880 - 9
92881 - 5
92882 - 27
92883 - 10

Standard

92879 - 17
92880 - 29
92881 - 21
92882 - 33
92883 - 37

Short Sales

92879 - 76
92880 - 90
92881 - 41
92882 - 75
92883 - 73

Monday, January 25, 2010

Jukebox XII

The jukebox section of the blog (ok, the whole blog) has been on hiatus. There have been a few reasons: 1.) I haven't been running (a tear in my meniscus and my ACL have limited my running), 2.) my computer crashed in October (and I haven't figured out a way to get my music from my iPhone to my new computer, and 3.) because I have been lazy.

Well, 20 pounds of fat have led me back to my running shoes...and I can't run without music. So, I am hoping to get these out weekly...not to mention updated info about real estate and non-profits.

Here goes...

1.) Can't Tell Me Nothing Kanye West

I know that hip hop is a young persons music genre...but it amps me up. I play better basketball when I listen to Biggie or Jay-Z or...Kanye (he is forever going to be Ron Artest to me). In The Hangover, as the boys arrive in Vegas this song is played...pretty legit.

2.) The Truth Jason Aldean

I really like his album. The more I hear it...the more I like it.

3.) Song of the South Alabama

I know I am a nerd who likes country music too. Songs evoke memories for me...this one, driving in Lake Arrowhead with my dad. We are going to drop my mom off at work at 5am and it is snowing. My dad is in shorts, a sweat shirt...drinking a cup of coffee...with the driver side window down. It was freezing!!!

4.) I Get Around Tupac Shakur

"I'm Shock G, the one who put the satin on your..." a pretty embarrassing lyric to have play in front of your friend's dad. But I love the song...his first after he left Digital Underground.

5.) November Rain Guns 'N Roses

My brother and sister liked G 'N R...I actually don't know if they still do. Anyway, they listened to it a lot when I was growing up (no matter how much my parent's protested). Def Leppard, Europe, Slayer, Motley Crue...they were all staples on MTV (another banned thing in my parents house, that we did anyway) back in the day. If I remember correctly, Stephanie Seymour (a Victoria Secrets model and wife of Axel Rose) starred in the video.

6.) History in the Making Darius Rucker

Hootie can blow...there is no doubt about it. 4 songs released off his album...4 number 1 hits...the first African American ever to do this in country music (although iTunes categorizes his album as Rock).

7.) Tik Tok Ke$ha

Nothing to say about this...except it is really catchy. And I am kind of embarrassed that I just put it here...

8.) Keep You Sugarland

Jennifer Nettles looks great in the video (until she decided to cut her hair - mid video). I love Sugarland. One of my great disappointments from this summer was arriving at At&T Park in San Francisco...Hanssie and I were looking forward to seeing Lady Antebellum, Miranda Lambert, Sugarland and Kenny Chesney...there was a sign "Jennifer Nettles has a sore throat and will not perform tonight. I wanted to see Sugarland (who I think has the best country album of 2008).

9.) Empire State of Mind Jay-Z feat. Alicia Keyes

Literally my favorite song...I like all of Blueprint 3...but this song is tight. The lyrics are hot...

"city it's a pity half of y'all won't make, me I gotta plug a special and I got it made, if Jeezy's paying LeBron, I'm paying Dewyane Wade...I'm from the Empire State thats..."

I tried to youtube Jay-Z and Alicia at the Grammy's it was sick. Check it out...