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: Real Estate Law
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…
Can you Buy & Sell Real Estate During Shelter in Place? Bay Area Residents Can Using Strict Precautions
Hi everyone! People have been asking how can they still buy and sell real estate in the Bay Area when we are in a Shelter in Place Situation. Thanks to the great folks at eXp Realty, I have guidance on this situation I can share with you. Currently, in Solano Country, real estate has not…
Important Changes in California Lease Laws Coming in 2020
Leasing a property in California is probably harder than in any other state because of all the tenant right laws and the constant changing rules . 2020 brings on a bunch of changes Landlords and Tenants in California need to know about. Quick Overview-Miscellaneous Landlord Tenant Laws for 2020 Overview. Robin Watson-Bird, Ph.D., Broker/Owner, Realty World-No Pressure Realty, License #01387964. 925-577-8692, robin@nopressurerealty.com
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 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).
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.