NEW SIP Showing Order & NAR Mandatory Clear Cooperation Rule Effective May 4 – New Showing Order Service providers that enable real estate transactions (including rentals, leases, and home sales), including, but not limited to, real estate agents, escrow agents, notaries, and title companies, provided that appointments and other residential real estate viewings must only…
Category: Legal Updates
Update on New Laws Related to Listing and Buying Homes in the Bay Area During Shelter in Place
Hi everyone! I hope everyone is sheltering in place as much as possible and be careful when they need to leave home.I just wanted to share with everyone the latest update I just received from BayEast, our local real estate Board. Long story short, Real Estate Photographers have now been classified as essential workers so…
Oakland Rent Moratorium: On Tuesday, April 5 the Oakland City Council Adopted a 90-Day Limit on Increasing Rents
Oakland Rent Moratorium: On Tuesday, April 5 the Oakland City Council adopted a 90-day limit on increasing rents. The Robin Bird Team, Residential Real Estate Specialists serve Oakland and Most of the Greater Bay Area with offices in Oakland and Livermore. Contact Robin at 925-577-8692 for Residential Real Estate Questions and assistance.Robin@NoPressureRealty.com
Seniors Can Buy Homes With a Reverse Mortgage (FHA HECM) & NOT Have to Make Any Monthly Mortgage Payments in Livermore, Danville, Pleasanton, Dublin, Tri-Valley, California and the United States!
Seniors Can Buy Homes With a Reverse Mortgage (FHA HECM) & NOT Have to Make Any Monthly Mortgage Payments in Livermore, Danville, Pleasanton, Dublin, Tri-Valley, California and the United States. One of the biggest challenges for some seniors is that cannot afford or are financially stretched to the breaking point by a monthly mortgage…
Seniors Can Buy Homes With a Reverse Mortgage (FHA HECM) & NOT Have to Make Any Monthly Mortgage Payments in Livermore, Danville, Pleasanton, Dublin, Tri-Valley, California and the United States!
Seniors Can Buy Homes With a Reverse Mortgage (FHA HECM) & NOT Have to Make Any Monthly Mortgage Payments in Livermore, Danville, Pleasanton, Dublin, Tri-Valley, California and the United States. One of the biggest challenges for some seniors is that cannot afford or are financially stretched to the breaking point by a monthly mortgage…
It is Now Legal to Short Sale Your Home, Lease it Back, and then Buy it Later at Today’s Low Price!!
People can now short sale their homes, lease them back and purchase them at today’s prices later!
Until recently, many banks would not allow a seller to remain in a property as a renter after they completed a short sale and none would allow an agreement that would arrange up front for the seller to potentially buy back the home at the cheaper price.
Now, becase of Supplemental Directive 11-02 March 30, 2011, those two things are legally possible if the seller/borrower qualifies and their bank agrees!
You have to work with a specially certified agent in order to have a chance of taking advantage of this program. Robin Watson-Bird is a Fresh Start Certified Agent and can assist you with the HAFA Leaseback Program! Call her today at 925-577-8692 for a free consultation.
It is Now Legal to Short Sale Your Home, Lease it Back, and then Buy it Later at Today's Low Price!!
People can now short sale their homes, lease them back and purchase them at today’s prices later!
Until recently, many banks would not allow a seller to remain in a property as a renter after they completed a short sale and none would allow an agreement that would arrange up front for the seller to potentially buy back the home at the cheaper price.
Now, becase of Supplemental Directive 11-02 March 30, 2011, those two things are legally possible if the seller/borrower qualifies and their bank agrees!
You have to work with a specially certified agent in order to have a chance of taking advantage of this program. Robin Watson-Bird is a Fresh Start Certified Agent and can assist you with the HAFA Leaseback Program! Call her today at 925-577-8692 for a free consultation.
Should I Short Sale My Underwater Home in the East Bay Area or Tri-Valley of California Now? Most Likely Yes. Do I have to Pay Taxes if I Short Sale My Home? Maybe.
Should I Short Sale My Underwater Home in the East Bay Area or Tri-Valley of California Now or Wait and Short Sale Later?
Do I have to Pay Taxes if I Short Sale My Home?
What is THE PRINCIPAL RESIDENCE EXCLUSION?
What is THE INSOLVENCY EXCLUSION?
The Principal Residence Cancellation of Debt Exclusion Extended through 2013!!!!
It it important to know how the different federal and state laws may apply to you and how you can use them in your benefit to avoid paying taxes of the cancelled debt of your under water property. This document goes into detail of that by sharing notes on the subject from the 2012/2013 Fall Federal andCaliforniaTax Update Seminar Real Estate Spidell Publishing, Inc.® 7-16-7-19 ©2013
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!
California Short Sales Have to Be Non-Deficient
Homeowners in Livermore, Pleasanton, Danville, Dublin, the Bay Area and California no longer have to worry about the banks coming after them for more money after they complete a short sale in California. There are now California two laws in place regarding short sales and how they have to be non-deficient in California now: SB 931 (has to do with the first liens having to be non-deficient) and SB 458 (as of July 15 of this year, second lien holders cannot pursue a deficiency after short sale either).