The Moeller Team Blog
As a CPA and Realtor, I provide my clients and Real Estates associates insight into both tax issues and market issues impacting our industry.
ARCHIVED BLOG POSTS
2010
0
Comments
Yes, we still have issues to work through before real estate rebounds, but it does not stop it from being a terrific time to buy your first or next home. 1. You can get a very, very good deal. 2. There is a good supply of inventory to choose from. 3. You can lock in a very low in...
09/29/2010
5
Comments
Short Sale, Foreclosure Chart, Deficiency Judgments, Credit Buying Again, 7 years, 2 years, future loan impact, credit report disclosure, paid in full, credit history, lender pursue for loss, HR 3648, tax forgiveness, impact on future purchases, typical effects, negative equity Nancy Moeller, CP...
09/24/2010
3.5% Fannie Mae incentive from September 23 - December 31, 2010 For sales closed by the end of the year, Fannie Mae is offering up to 3.5% in closing cost assistance to eligible buyers. Buyers must be owner occupants. Also note, the incentives must be finalized DURING the negotiation. Do not try ...
09/23/2010
3
Comments
According to a report posted by DS News on September 17, the U.S. House introduced a new bill that would impose a deadline on lenders to respond to short sale request. Lenders have been criticized for taking 4 to 6 months, even longer to respond to a seller's completed short sale financial packag...
09/20/2010
4
Comments
According to a report posted by DS News on September 16, Lender Processing Services (LPS) will be releasing a study showing a decline in loan delinquency rates and increase in foreclosure rates. LPS reveals that these statistics mean that more delinquent loans are entering the foreclosure process...
09/17/2010
0
Comments
On September 15, Fannie Mae cut its original forecast for annual home sales in light of weak second quarter results. Fannie Mae is predicting total U.S. sales of new and existing homes in 2010 will drop 7.4% from 2009. Just last month, Fannie Mae was far more optimist, with expectations for a 0...
09/17/2010
2
Comments
We have a client who has been bombarded with junk mail since her Notice of Default was filed. Companies and seemingly reputable attorneys have been sending legal-looking letters suggesting they can reduce her payment by over 50%, write off negative equity and save her home. Here's what's happenin...
09/10/2010
1
Comments
The number of U.S. homes listed for sale rose in August compared to July, the 8th consecutive monthly rise, according to data released by real estate brokerage ZipRealty. In addition, 47% percent of homes on the market had at least one price reduction and an average of two price reductions. The ...
09/08/2010
We created this chart to help our clients quickly determine whether they need to worry about a deficiency judgment in California for a foreclosure or short sale. However, be sure to check with your attorney for specifics on your approval letter and personal liability. These are simply "rules of t...
09/01/2010
Service Areas
Real Estate Resources
Orange County California Market Update