Yorba Linda & Anaheim Hills Bank Owned REO Homes

These are the Bank Owned REO Homes listed in April in the Socalmls by all brokers.
Call us for more information or to arrange a tour.

REDUCE YOUR ORANGE COUNTY CALIFORNIA PROPERTY TAX BILL

If you purchased your home in the past 7 years - you may be able to reduce your property taxes. Simply submit the 1 page Informal Review Form before April 30, 2011

THERE IS NO CHARGE TO FILE A REQUEST OR TO HAVE YOUR PROPERTY’S VALUE REVIEWED BY THE ASSESSOR

You will need 3 comparable sales showing the value of your home. The sales must have occured before March 31, 2011

Get the REQUEST FOR INFORMAL ASSESSMENT REVIEW form from the Orange County Assessor at the link below: (Note: the form asks if you have a "Property Tax Agent representing you" - that is NOT us - that is used if you are paying an agent to represent you, otherwise leave it blank.) THE DEADLINE TO FILE THIS FORM IS APRIL 30, 2011. Pick your type of property and a form will come up that you can fill in online.

OC Assessor Property Tax Reduction Form

View an informative Q & A from the Orange County Assessor at:

OC Assessor Property Tax Reduction Q & A

To receive FREE comparable sales information to use for your Property Tax Review, we are happy to help you or your friends and family, go to:

Free Property Tax Help - Free Current Home Value Report

YOU WILL THEN RECEIVE YOUR VALUATION NOTICE FROM THE COUNTY IN JULY

If you still believe your property value is incorrect after reviewing your value notice and factual evidence, your next step is to consider filing an assessment appeal. Forms are available at most County Libraries and are in a downloadable format at: www.oc.ca.gov/cob/

YOU MUST FILE BY THE DEADLINE OF SEPTEMBER 15, 2011

What Happens to your Property Tax Values When the Economy Recovers?

As the housing market improves and market values begin to rise, properties that received reduction due to lower market values may see increases above the normal 2% to reflet the actual market value. Therefore, homeowners may experience increases in their properties’ assessed values in future years until full recovery is reached. Although these increases may be substantial, they may never exceed the property’s initial base value plus any added improvements value and a maximum 2% per year CPI inflation factor. The total of these three elements is called the "indexed value." This indexed value remains your actual taxable assessed value.

The good news is…….although assessments will increase, as the market recovers, you were able to avail yourself to temporary reductions during the economic slump. Then your property value will have increased.

First Team Real Estate Ranked #1 in California Home Sales

Orange County-based First Team Real Estate ranked No. 1 in sales transactions in California and No. 8 in the U.S. in sales volume among the country’s top 300 real estate companies in 2010, according to RISMedia's Power Broker Report.

First Team Real Estate Mortgage Update

Anaheim Hills, East Hills Neighborhood Yard Sale Sat, April 9

We will be sponsoring a Neighborhood Yard Sale on Saturday, April 9th, 7:00am to Noon for residents in the East Hills Association area of Anaheim Hills. Lots of homes will be selling lots of things so look for the signs directing to the homes near Weir Canyon and Santa Ana Canyon.

To sign up your home to participate email your name, address and phone number to jim@jimsalem.com or call our 24 hour hotline at (714)481-3009. Everyone is welcome to participate in this free event.