New California $10,000 Tax Credit for Home Buyers If you purchase a principal residence between May 1st, 2010 and Dec. 31st 2010 and close escrow by Aug. 1st 2011, you will be eligible for a $10,000 tax credit from the state of California.
Tag: Short Sale
Program Will Pay Homeowners to Sell at a Loss In an effort to end the foreclosure crisis, the Obama administration has been trying to keep defaulting owners in their homes. Now it will take a new approach: paying some of them to leave. This latest program, which will allow owners to sell for less than […]
Another Foreclosure Alternative HOMEOWNERS on the verge of foreclosure will often seek a short sale as a graceful exit from an otherwise calamitous financial situation. Their homes are sold for less than the mortgage amount, and the remaining loan balance is usually forgiven by the lender. But with short sales beyond the reach […]
FORECLOSURE OR SHORT SALE? WHAT ARE MY OPTIONS? Our clients know what “foreclosure” means: bank takes your home and you leave. In short payoff (the correct term for “short sale”), a buyer is found for your home and your real estate pro negotiates with your lender (or lenders, plural!) until an agreement is reached to […]
Many economists view short sales as a way to address a problem that mortgage relief hasn’t fixed: properties that are “under water,” carrying more debt than the home is worth. Even though it may not be the first and favorable option for most, short sale is the best way to get out of foreclosure. There […]
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Short Sale Introduction
Loan Modification -Short Sales-Foreclosures Welcome. Here you will learn how to successfully stop Foreclosure by Short Sale. You will get helpful hints to take the necessary steps to get on the road to recovery on your terms, not the banks. Short Sale 101