Home Sellers Slashing Prices, While Banks Mow the Lawn That heady buzz from the home buyer tax credit is now turning into a grinding headache, as home sellers realize their very temporary, government-induced catbird seat has now fallen back to earth. As of July 1st, 24 percent of sellers on the market had cut their […]
Tag: Home Seller
When a person falls behind on their mortgage, there are options available to the borrower. Options include Loan Modifications, Reorganization of debt through Bankruptcy Protection, Short-Sales, Deed-in-Lieu of Foreclosure, or an outright sale of your property. Naturally more options are available to the person who seeks immediate legal advice. Here are a few options available […]
More Incremental Gains for Southland Real Estate Market Sales Volume Median Price All homes Mar-09 Mar-10 %Chng Mar-09 Mar-10 %Chng Los Angeles 5,971 6,747 13.0% $300,000 $329,000 9.7% Orange 2,433 2,652 9.0% $385,000 $432,000 12.2% Riverside 4,409 4,156 -5.7% $187,000 $198,000 5.9% San Bernardino 2,897 2,955 2.0% $150,000 $152,000 1.3% San Diego 3,020 3,227 6.9% […]
Leading the Way…® in Real Estate Law NO MORE STATE TAX ON FORGIVEN DEBT “Qualified principal residence” indebtedness is defined as debt incurred in acquiring, constructing, or substantially improving a principal residence. It includes both first and second trust deeds. It also includes a refinance loan to the extent the funds were used to payoff […]