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The City of Corona is located approximately 45 miles southeast of Los Angeles in western Riverside County. The City limits encompass 39.2 square miles and the population is approximately 153,484. A city whose heritage spans more than a century, Corona has emerged as an ethnically diverse community, where a significant percentage of the population is made up of young, well educated families.
The Corona community boasts many amenities that provide a first-rate quality of life for residents. The City has more than 394 acres of parks, with sports fields, basketball courts, playgrounds, tennis courts, two skateparks and an outdoor pool.
Public Safety efforts by the Corona Police Department and Corona Fire Department have resulted in decreasing crime rates, quick response times and a superior paramedic program.
The Corona Public Library and the Fender Museum of Music and the Arts provide cultural and educational programming, and the Senior Center is a hub of activity with programs, workshops and social gatherings. The City also operates a recreational airport.
A Short Sale is the sale of a house in which the proceeds fall short of what the owner still owes on the house. Many lenders will agree to accept the proceeds of a short sale and forgive the rest of what is owed on the mortgage when the owner cannot make the mortgage payments. By accepting a short sale, the lender and owner can avoid foreclosure which can be a lengthy process and expensive for the Bank. A seller need not be in default -- to have stopped making mortgage payments -- before a lender will consider a short sale. A lender may consider a short sale if the seller is current but the value has fallen. The seller may have over-encumbered, owe more than the home is worth, so a discounted price might bring the price in line with market value, not below it.
Avoid foreclosure and bankruptcy by listing your Corona property for short sale. Our expert Real Estate Agents can explain the benefits of short selling, as well as assist you regardless of your current home value. Our attorneys can also discuss loan modifications, and offer you the best real estate solutions currently available.