April 6, 2018 By tomo92596

Boomerang Buyers: Most Qualify for Financing in 2-3 Years

According to a new study from Lending Tree, Americans who have filed for bankruptcy may be able to rebuild enough credit to qualify for a home loan in as little as 2-3 years.

This is in stark contrast to the belief that many have that they need to wait 7-10 years for their bankruptcies to clear from their credit reports before attempting to apply for either a mortgage or a personal or auto loan.

The study analyzed over one million loan applications for mortgages, personal, and auto loans and compared borrowers who had a bankruptcy on their credit report vs. those who did not to find out the “Cost of Bankruptcy.”

The study found that 43.2% of Americans who filed bankruptcy were able to repair their credit back to a 640 FICO® Score in less than a year. The percentage of those who achieved a 640 FICO® Score increased to nearly 75% after 5 years. The full breakdown of the findings was used to create the chart below.

Americans who were able to repair their credit scores to a range of 720-739 within three years of filing were able to obtain the same financing options as those who had never filed bankruptcy.

According to Ellie Mae’s latest Origination Insights Report, 53.5% of those who were approved for a home loan had FICO® Scores between 600-749 last month. This is great news for Americans who are looking to re-enter the housing market.

Raj Patel, Lending Tree’s Director of Credit Restoration & Debt-Related Services had this to say:

“People may think that filing a bankruptcy would put you out of the loan market for seven to ten years, but this study shows that it is possible to rebuild your credit to a good credit quality.”

“LendingTree’s research found that very few bankruptcy filers have a harder time [obtaining a mortgage] than those who have not filed for bankruptcy.”

Bottom Line

If you are one of the millions of Americans who has filed for bankruptcy and think that you have to wait 7-10 years to make your dream of returning to homeownership a reality, let’s get together to find out if you qualify now.

See Below if you are thinking about Buying, Selling, or Investing in real estate.

Selling a home

Here are some reports on systems that we use to help a homeowner get up to 18% more when they sell with us:

Get our Maximum Payoff Guide for Sellers as seen on Amazon.com FREE

or go to http://wesellhomesformore.com/ for more information on our selling process and why we sell for more.

Curious about what your home is worth goto http://www.socalhomevaluenow.com/ and find out instantly. This will give you a rough estimate on what your home is worth. For an accurate home value contact me directly for a free home value assessment.

Text Sell to 951-395-8057 and learn more about why you should sell your home with Team Olsewski.

Buying a home

If you are looking to buy a home whether its your 1st or 20th its important to choose the right agent. This decision could cost your thousands of dollars! Go to www.why-buy-with-us.com and see how we can help you!

Text Buy to 951-395-8057 and learn more about why you should buy your home with Team Olsewski.

Search for a home

Important to know if you are a homeowner in California!

I think we need to let people know what’s happening so they don’t get blindsided when they go to the polls.

PROP 13 PROPOSED REPEAL!

Major property tax increases are on the launch pad as California politicians try to repeal prop 13 by slipping it under the radar.

California’s Attorney General, Xavier Becerra is putting together plans to raise property tax revenue by eliminating the only thing keeping some people’s property tax from sky rocketing, Prop 13.

Because they know it will be unpopular if presented as “Repeal Prop 13,” Xavier Becerra has strategically relabeled it “Education and Local Government Funding.”

It’s already on the 2020 ballot and much like the gasoline tax, it will be worded in a way that misleads California voters.

One of the long term results will also be higher rents to pay due to the increase in property taxes.

People are leaving the state in record numbers, and many here are barely hanging on, this could be something that changes the face of California forever.

All my California friends and family, please copy and repost as this must be defeated.

Riverside County Calendar of Events – December 2019

Magic on Main Nov. 29-Dec. 15
Every Friday, Saturday and Sunday there will be live music, holiday crafts, holiday activities and gift wrapping stations. It is free for all ages, donations gratefully accepted for Michelles Place Cancer Resource Center.
Time/Place: 42051 Main Street, Temecula
Contact: https://temeculaca.gov

Festival of Lights Nov. 29-Dec. 31
Trackless Train, the Century Wheel, Colorful Carousel and additional returning Favorites Magical Moments with Santa Claus, Horse-Drawn Carriages, Seasonal Music & Entertainment, the Artisans Collective and tasty food vendors.
Time/Place: Downtown Riverside
Contact: 951-826-5663 / www.riversideca.gov/fol

Temecula 30th Anniversary Community Celebration Dec. 1
The anniversary event will include live music from Kodi Lee & The Midnight Satellites, fun giveaways and activities for kids.
Time/Place: 2-6pm / Town Square Park
Contact: https://temeculaca.gov

Corona Holiday Lighting Celebration Dec. 1
There will be real SNOW and pictures with Santa. Food and refreshments will be available. Bring cheer to children who are not as fortunate and donate a new toy to Spark of Love!
Time/Place: 3-7pm / Historic Civic Center
Contact: www.coronaca.gov

Christmas Tree Lighting at the Pond Dec. 2
Christmas Tree Lighting Ceremony, enjoy a tasty treat, a visit from Santa Claus and a performance by Resonate! Vocal Group.
Time/Place: 7-8:30pm / Temecula Duck Pond & Veterans Memorial
Contact: 951-694-6480 / https://temeculaca.gov

Christmas Tree Festival Dec. 4
Fundraiser that benefits Carols Kitchen, H.E.L.P., Inc., and Table of Plenty. Opportunity drawings for professionally decorated Christmas tree and the gifts underneath at the tea on Saturday.
Time/Place: 6-9pm / St. Stephens Episcopal Church, Beaumont
Contact: 951-845-1358 / www.ststephensbeaumont.com

Perris Christmas Tree Lighting Ceremony Dec. 6
Youth can enjoy a petting zoo and a ride on a Christmas train. Complimentary refreshments will be served at the conclusion of the event. Food will also be available for purchase. Photos with Santa with a festive frame will be available for purchase for $3.
Time/Place: 6-8:30pm / City Hall Campus
Contact: www.cityofperris.org

Beaumont WinterFest & Snow Hill Dec. 6-7
Lots of family fun, Snow Hill $3, Hayrides $1, Arts and Crafts, and Mr. & Mrs. Santa and holiday boutique.
Time/Place: Fri 5-9pm, Sat 2-8pm / Cherry Valley Grange Community Center
Contact: 951-845-9555 / www.bcvparks.com

Remembrance and Memorial Service Dec. 7
It will honor Pearl Harbor Survivors, World War II Veterans, those lost at Pearl Harbor and World War II, and all veterans. Open to the public and all veterans, the service will start promptly at 10AM.
Time/Place: 10am / Riverside National Cemetery
Contact: www.rivreg.org

Menifee Christmas Tree Lighting Dec. 7
Kids Zone – Community Performances – Photos with Santa – Official Tree Lighting – Holiday Bazaar – Push cart parade.
Time/Place: 4-8pm / Mt. San Jacinto Menifee Valley Campus
Contact: 951-723-3880 / www.cityofmenifee.us

Seniors 50+ Holiday Lights Tour Dec. 7
Seniors 50+ are invited to tour through Candy Lane and other decorative neighborhoods radiating the holiday spirit. Admission is free and includes complimentary refreshments!
Time/Place: 5-7pm / Corona Senior Center
Contact: www.coronaca.gov

Eastvale Winter Wonderland & Tree Lighting Dec. 7
There will be snow, pictures with Santa, holiday performances, a holiday craft boutique, food vendors, and more! So, wear your ugliest Christmas sweaters, and invite the whole family!
Time/Place: 3-9pm / Eastvale Community Center
Contact: www.jcsd.us

Christmas Spark of Love Toy Drive Dec. 7
Meet Santa, cookie decorating, donuts and hot cocoa.
Time/Place: 10am-1pm / 29121 Overland Drive, Temecula
Contact: https://viccarrillo.firstteam.com

Arthritis Foundations Jingle Bell Run Dec. 7
Its where you can strut your stuff in your favorite holiday costume and FEEL GOOD about DOING GOOD. HUGE Free Festival Zone which includes: Holiday themed games, Real SNOW, Costume contest, Pictures with Santa, Local vendors.
Time/Place: 6:30am / Santana Regional Park, Corona
Contact: 949-245-7593 / https://events.arthritis.org

Moreno Valley Snow Day Dec. 7
Features entertainment and food vendors for children ages 12 and under. Wristband fees are $6 for residents and $8 for non-residents. Wristband purchase includes 45 minutes of snow play and unlimited fun zone activities.
Time/Place: 9am-5pm / Conference & Recreation Center
Contact: www.moval.org

Veterans Xmas Party Dec. 7
Veterans & Spouses – Children or Grandchildren. Veterans I.D. required. Free Christmas Dinner. Free toys for the children. Serving times 12pm & 4pm. Tickets are required and available at 124 N. Ramona Street, Hemet.
Time/Place: 12-5pm / American Legion Hall Post 53, Hemet
Contact: https://www.alpost53.com

Riverside Winter Wonderland Dec. 7
60+ tons of snow, craft vendors, free activities, photos with Santa, face painting, live entertainment, snow, bounce houses, and food vendors. Breakfast with Santa from 8-10am.
Time/Place: 9am-4pm / Arlington Heights Sports Park
Contact: www.rivreg.org

Moreno Valley Tree Lighting Ceremony Dec. 7
Featuring holiday performances, light refreshments, photos with Saint Nick, and lighting of the 30-foot holiday tree.
Time/Place: 5:45pm / Conference & Recreation Center
Contact: www.moval.org

Lake Elsinore Winterfest Dec. 7
Sled runs, crafts, live entertainment, jumpers and visits with Santa. Our Old Fashioned Christmas parade will kick off the event at 3pm traveling from the corner of Library & Main to Heald & Main. Tree lighting at 6pm at Gediman Square.
Time/Place: 3-7pm / Downtown Main Street
Contact: www.lake-elsinore.org

Lights on the Lake Holiday Boat Parade Dec. 14
There will be a DJ, food and beverages, coloring contests for the kids, and Santa Claus will take time out of his busy schedule to visit the lake and take requests!
Time/Place: 5pm / Lake Perris State Recreation Area
951-940-5647 / www.parks.ca.gov/?page_id=651

Second Saturday Cultural Event: Christmas Around The World Dec. 14
Explore Christmas traditions throughout the world. Will include complimentary food, music, activities, and art.
Time/Place: 11am-1pm / Temecula Valley Museum
Contact: 951-694-6450 / www.temeculavalleymuseum.org

Beaumont Holiday Craft Extravaganza Dec. 14
Find the perfect holiday gift at our craft/vendor extravaganza.
Time/Place: 4-8pm / City Hall
Contact: www.beaumontca.gov

Homes for Our Troops Volunteer Day Dec. 14
Join Homes For Our Troops and the community as we install the landscaping plan for this Veterans home! We will spend the day laying sod, planting flowers and bushes, and sprucing up the yard. Bring small gardening tools, shovels, rakes, and gloves. Lunch will be provided.
Time/Place: 9:30am-12pm / 32698 Mira Street, Menifee
Contact: www.hfotusa.org/gomez

Riverside Breakfast with Santa Dec. 14
Features breakfast, picture with Santa, arts and crafts and performances/entertainment.
Time/Place: 9am-12pm / Reid Park, Riverside
Contact: www.rivreg.org

Wildomar Breakfast with Santa Dec. 14
Time/Place: 8-11am / Fire Station 61: 32627 Gruwell Street
Contact: 951-677-7751 x210 / www.cityofwildomar.org

Harvard Street Holiday Dec. 14
Live entertainment performed by local schools and community groups. A Wine & Beer Garden. A large vendor area with lots of local and regional vendors. Visits with Santa and his elves. A petting zoo with a Nativity theme. A kid zone filled with free games & activities.
Time/Place: 11am-5pm / Historic Downtown District, Hemet
Contact: 951-219-2983 / www.hemetsanjacintochamber.com

Norco Breakfast with Santa, Christmas Festival & Parade of Lights Dec. 14
Breakfast with Santa from 8-11am. The Christmas Festival features all-day activities from 8am-9pm. Selfies with Santa, Santas Workshop, Ugly Sweater Contest, holiday train rides, petting zoo and pony rides, entertainment, food and craft vendors! The Parade of Lights begins at 5pm on Sixth Street.
Time/Place: George Ingalls Equestrian Event Center
Contact: www.norco.ca.us

Perris Christmas Parade Dec. 14
Enjoy school bands, equestrian units, floats, classic cars, youth and dance groups, military entries and much more. Trophies will be awarded immediately following the parade at the Bob Glass Gymnasium.
Time/Place: 10am-1pm / Downtown D Street
Contact: www.cityofperris.org

Cookies and Cocoa with Santa Dec. 14
Bring your camera and take a photo with Santa, hot cocoa, decorate cookies, and enjoy making a fun holiday craft.
Time/Place: 6:30-8pm / Fire Station 97, Lake Elsinore
Contact: 951-245-0442 / www.lake-elsinore.org

Beaumont Holiday Light Parade Dec. 14
After the parade, visit Santa and enjoy hot cocoa and cookies while listening to the Mountain View Middle School Choir and Beaumont Elementary Honor Band. Find the perfect gift at our craft/vendor extravaganza from 4-8pm.
Time/Place: 6pm / Beaumont Civic Center
Contact: www.beaumontca.gov

Calimesa Christmas Light Parade Dec. 14
Get Your Lights on Calimesa
Time/Place: 5-7pm / Calimesa Boulevard
Contact: www.calimesachamber.com

Wreaths Across America Dec. 14
Evergreen Memorial Historic Cemetery & Evergreen Memorial Park and Mausoleum have partnered up to raise enough funds to place wreaths on the graves of our Veterans for the Annual Wreaths Across America Event.
Time/Place: 9am / Evergreen Memorial Historic Cemetery, Riverside
Contact: 951-522-6462 / www.evergreen-cemetery.info

Par For A Cure Charity Golf Tournament Dec. 16
Funds raised by this event will be used in support of the American Cancer Societys mission to save lives, celebrate lives, and lead the fight for a world without cancer.
Time/Place: 8am / Canyon Crest Country Club
Contact: 951-300-1231 / https://golf.acsevents.org/parforacureca

Santa Dash Dec. 21
This 5K Run/Walk & Doggie Dash is free for all and fun for the whole family. We encourage you to dress up as your favorite holiday character or tradition, the ideas are limitless!
Time/Place: 7:30-9am / Levee at Diamond Stadium, Lake Elsinore
Contact: 951-245-0442 / www.lake-elsinore.org

Perris Breakfast with Santa Dec. 21
Bring a camera or have us take a photo in a frame for $3.

Time/Place: 9-11am / Bob Glass Gym
Contact: www.cityofperris.org

Historic Murrieta Hot Springs 5k Race Dec. 21
Runners will pass natural hot springs, a lake, palm trees, flowers, and mosaic tiled paths as they race through our beautiful and historic 46 acre property. A Kids Fun Run 1k will happen at 10:30am.
Time/Place: 8:30am / Calvary Chapel Bible College
Contact: www.murrieta5k.com

Kids & Cops Holiday Magic Event Dec. 21
This free, festive event provides gifts, crafts, and game activities to underprivileged children from our community.
Time/Place: 9am-1pm / Victoria Park: 2755 Wardlow Rd., Corona
Contact: www.coronaca.gov/police

Chanukah Festival Dec. 23
Grand Menorah Lighting, Traditional Food, Live Music, Fun Activities for the Whole Family. Free Admission!
Time/Place: 6pm / Riverside Historic Courthouse
Contact: 951-222-2005 / www.chanukahfestival.org

New Years Eve Grape Drop Dec. 31
Celebrate 2020 twice with an East Coast (9pm) and West Coast (midnight) countdown. The New Years Eve Grape Drop will include live music, food vendors, and kids activities.
Time/Place: 6pm-12:30am / Temecula Civic Center
Contact: 951-694-6480 / https://temeculaca.gov

Do You Know How Much Your Home Has Increased in Value?

Last year we saw headlines about a possible housing market bubble, and many wondered if Americans still felt confident about the value of their homes. Recently, the 2018 Houzz & Home Study revealed:

“Homeowners with mortgages have seen their home equity more than double since 2011, increasing to a record-setting $8.3 trillion in 2017.”

The average homeowner gained $16,200 in home equity between Q2 2017 and Q2 2018 according to the latest release of CoreLogic’s Home Equity Report.

Since 2011 home values have increased significantly throughout the country, with prices rising by 5.1% in 2018 alone. When surveyed, homeowners revealed the top four reasons why they felt their homes had increased in value.

Desirable Location
Improved National Economy
Improved Local Economy
Low Home Inventory in My Area

As we can see, not only does the data show that the homes have appreciated, but homeowners also believe they know why. Many have taken advantage of the opportunity to use their newly found equity to sell their current house and move up to their dream home!

2019 will be a good year for the homeowners that still want to take advantage of their home equity! CoreLogic forecasts that home prices will increase by 4.8% by the end of the year.