Diana Margala's (dianamargala) Blog

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Real Estate Agent - Re/Max Time Route 66 - 01249218
In the News is the Mortgage Forgiveness Act for California which was signed into law..  The tax breaks apply to debts discharged from 2009 through 2012.  Californians who have already filed their 2009 tax returns may claim the exemption by filing a Form 540X amendment   Who qualifies are residenc...
There are many questions that have been asked about the new program that is being released April 10, 2010 know as The Making Home Affordable Program as part of the Obama Administrations plan.  The Home Affordable Foreclosure Alternative program (HAFA) is the newest program.  It has been said that...
Looks like the inventory is still causing it to be a type of seller's market (with the banks controlling most of the homes for sale weather it be foreclosed homes or short sales, in my opinion it is a manipulated seller's market).  The banks not letting some of their inventory hit the market coup...
Many people ask me why it takes so long to get an answer for an offer on a short sale. This is the general process after an offer is received, each bank has their own procedure and their own guidelines, some are easier than others. The listing Realtor submits a package that is required by the len...
I was excited last month when I saw that the inventory of homes on the market had declined. I didn't want to say anything until this months report came out. The great news is that most cities showed even more of a decline in inventory. The reason is good old "Supply and Demand". The indicators sh...
This is a great deal you don't want to pass up! Located at 16040 Meadowside Street, La Puente, you will fall in love with this inviting home with large family room addition. It is ready to move right in. They just added Central Air and Heating. Situated on an enormous lot with fully landscaped fr...
Zillow is a great place for consumers who are looking to find a home, especially in the beginning of their searches.  It allows them to find out information about homes and a puts range pricing at their finger tips.  It is an important key to the consumers search, since 80% of the buyers start th...
Short Sale Process working with the Seller Prep work  Continuing information from Short Sale Series #3.This is usually a very hard time in the seller's life.  They never expected to be in a situation like this.  They need to understand that you are there to help them, but that they will also have...
I wanted to let everyone know about my new listing! This is definetly a property you won't want to miss!! Spectacular Home on a Large Lot. This 2,916 square foot, 2-story, 4 bedroom 2 ¾ bath home features a Den downstairs that could be changed to a 5th Bedroom and Bath. 3 Car Attached Garage with...
Homeowners special tax relief from mortgage debt that was forgiven  (Section 3 on my Short Sale Blog)For those who were 1099 in 2007 for mortgage debt you might qualify for the new special tax relief.  The complete information is on IRS.gov search for form number 982 and don't forget to talk to y...

Diana Margala

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