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foreclosures: Auburn to Cool California Foothills May Find Foreclosure Relief - 10/01/11 05:07 PM
Efforts to help California homeowners avoid foreclosure and keep their homes received a big boost recently when Bank of America agreed to participate in a principal-reduction program.
It became the first major mortgage service company to join the program, which can offer cash-strapped mortgage holders up to $100,000 in relief on their loans. Bank of America services more than 2.2 million home loans in the state.
The program aids home-owners at risk of default because of economic hardship and a severe decline in their home values.
Those who qualify are eligible for up to $50,000 in assistance from the Keep Your … (0 comments)
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foreclosures: New video to help homeowners in financial distress - 01/17/11 02:27 PM
Fannie Mae has come up with a great video to help troubled homeowners arrive at a next step solution that best fits their situation. You can view and participate with the video at the following web address:
http://www.knowyouroptions.com/
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foreclosures: Are you in the middle of a B of A foreclosure or short sale? - 10/08/10 02:03 PM
Bank of America halts foreclosures in 50 states! Check with your negotiator or bank contact to see if this will affect your transaction!
For more info read the full article
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foreclosures: California Cancellation of Debt Tax forgiveness - Straight from the "Horses Mouth" - 04/14/10 10:20 AM
To see the details of SB401 go to the link below:
This is the best form of risk management, if you are trying to help a client; by referring them to a third party. Let them take this info to their tax preparer or get expert advice from a qualified individual or reach their own conclusion. We can only point them in the right direction, they must be fully responsible for their own decision and therefore the consequences.
CA State Franchise Tax Board: with links to IRS, work sheets and the full text of the bill:
http://www.ftb.ca.gov/aboutFTB/newsroom/Mortgage_Debt_Relief_Law.shtml
To your success,
Cathy
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foreclosures: CA back in allignment with IRS Cancellation of Debt - Forgiveness Act - 04/09/10 11:30 PM
The Governor has announced he will sign the speedily processed and amended CA debt relief act, helping people that have lost a home to foreclosure or short sales from having the cancellation of debt amount added and taxed along with their ordinary income. This puts California back in alignment with the IRS, it is also retroactive back to Jan 2009 when we moved away from the IRS policy. There is fine print, it doesn't cover every situation, so be sure to have YOUR tax preparer review your unique circumstances.
http://www.kcra.com/video/23096308/index.html
Good video for an over view of the process.
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foreclosures: Free list of foreclosure properties in Auburn - 08/08/09 01:56 PM
www.CoolRealEstate.com
Click on Bank Bargains and choose your area, no sign up required.
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Cathy Sarmento
Auburn,
CA
More about me…
Granite Real Estate "Cool Team"
Address: 1011 Lincoln Way, Auburn, CA, 95603
Office Phone: (530) 823-5783
Cell Phone: (530) 320-5783
Email Me
Real Estate Topics and Tips for Central California Sierra Foothill towns of Auburn, Meadow Vista, Newcastle, Cool Pilot Hill, Garden Valley, Georgetown, Applegate, Weimar, Colfax,Loomis, Rocklin and surrounding areas
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