Robin Watson-Bird, Ph.D. Broker/Owner, has a cool new listing in Walnut Creek that just hit the market. 5 bedrooms, 3 baths in unincorpoatated Walnut Creek so you can have chickens, goats, a horse, etc. if you want. Only $1,150,000. Call 925-577-8692 for a private tour. Check it out. http://nopressurerealty.com/listings/0,95997/631_W_Hawthorne_Dr_Walnut_Creek_CA_94596/
Category: Investors
FHA Flipping Rule & VA Loan Amount Updates
The FHA Guidelines are changing -more stringent on Flipping Rule and appraisals for 2015. VA Loan Limits are Changing at the end of the end too. The VA loan limit for Alameda and Contra Costa County has been reduced from $1,050,000 to $625,500 effective midnight December 31, 2014 Contact Robin Watson-Bird of the Robin Bird Team for more info 925-577-8692
FHA Changes Effective January 1, 2014
Effective January 1, 2015, FHA will have let their 90 day waiver on flipped properties lapse. This means that after January 1, 2015, a borrower wanting to purchase a flip will have to wait 6 mos + 1 day to purchase.This change will affect both buyers as well as sellers who are flipping properties. In my opinion, it will likely slow the sale of flipped homes and even lower the price of them in areas where FHA financing is the norm and so is flipping property since supply and demand will be affected.
Should I Short Sale My House in Livermore, Danville, Pleasanton or the Tri-Valley Bay Area Now or Wait?
Now is the time to short sale your Livermore, Danville, San Ramon, Pleasanton, Dublin, Tri-Valley or Bay Area California home. Do not wait! The Mortgage Forgiveness Debt Relief Act and Debt Cancellation ends at the end of 2012! “The Mortgage Debt Relief Act of 2007 generally allows taxpayers to exclude income from the discharge of debt on their principal residence.” This means that if you short sale your primary residence, then you should not have to pay taxes on the forgiven debt! If you wait, you may end up owing taxes on $100,000 or more of forgiven debt if your home forelcoses or closes escrow in 2013 or later! Robin Watson-Bird is a very experienced short sale agent who has closed so many short sale transactions that she has earned the designation of Short Sale Genius Elite Master! Contact Robin today for a free consultation: 925-289-1432.
Experienced Short Sale Agent in Livermore, Dublin, San Ramon, Danville, Alamo, Walnut Creek, Martinez, Antioch, Brentwood, San Jose, Fremont, Tracy, Milpitis and beyond!
Home Buyer Tax Credit Extension Stuck in the House
The bill to extend the buyer tax credit passed the Senate, but is now sitting in the House of Representatives, where it is expected to pass should it actually get voted on in time.