short sales: Congress Extends Mortgage Forgiveness Debt Relief Act!
- 01/04/13 02:35 AM
Congress Extends Mortgage Forgiveness Debt Relief Act! On January 1, 2013, as part of the so-called fiscal cliff negotiations, Congress passed an extension of the Mortgage Forgiveness Debt Relief Act. This extension of this act, which has saved homeowners more than $1 billion dollars in taxes, is great news for struggling homeowners nationwide. The extension is now only awaiting President Obama’s signature. The Mortgage Forgiveness Debt Relief Act was originally passed in 2007 to aid the millions of homeowners who suddenly found themselves in danger of losing their homes to foreclosure following the housing market crash. Under the Mortgage Forgiveness Debt … (8 comments)
short sales: New Short Sale Law in CA - SB 458
- 07/19/11 05:19 AM
New Short Sale Law in CA - SB 458 There is great news both for CA homeowners facing/dealing with a short sale, and for the Realtors® who assist them in the short sale process... Gov. Jerry Brown signed SB 458, authored by Senate Majority Leader Ellen Corbett, into law on Friday, July 15th, 2011. Under the previous law, SB 931 of 2010, a first mortgage holder could accept an agreed-upon short sale payment as full payment for the outstanding balance of the loan. However, there was a defect is the rule. It didn't apply to junior lien holders. This meant that … (1 comments)
short sales: Mortgage Help in Menifee
- 03/02/11 10:29 AM
Mortgage Help in Menifee March 2, 2011 Walking away or “strategically defaulting,” on your mortgage is not the answer. You will find there is nothing strategic about foreclosure, especially when there are solutions to avoid it.
STOP. DON'T WALK AWAY FROM YOUR MORTGAGE. A recent study estimates 36% of Americans think walking away is a viable option when they owe more on their home than what it's worth. Clearly, few know the financial consequences of these actions. Even fewer understand the options available to them. I can help Menifee homeowners better undertand thier mortgage options... If you or someone you … (0 comments)
short sales: Short Sales in the Temecula Valley
- 02/09/11 05:33 AM
Short Sales in the Temecula Valley February 9, 2011 Many homeowners in the Temecula Valley have questions about Short Sales. A short sale can be an excellent solution for homeowners who need to sell, and who owe more on their homes than they are worth. In the past, it was rare for a bank or lender to accept a short sale. Today, however, due to overwhelming market changes here in the Temecula Valley and beyond, banks and lenders have become much more negotiable when it comes to these transactions. Recent changes in corporate policy and the Obama administration have also improved … (0 comments)
Congress Extends Mortgage Forgiveness Debt Relief Act!
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