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
Where Can I Find Rental Listings in Livermore, Pleasanton, Dublin, Danville, the Tri-Valley & the Bay Area?
I have been contacted by several potential renters wanting to know if my sellers are interested in renting their homes for a while rather than selling. I have been encountering more of these requests because prospective tenants are finding it difficult to secure rentals right now. Most Sellers are not interested in a rental situation…
Where Can I Find Rental Listings in Livermore, Pleasanton, Dublin, Danville, the Tri-Valley & the Bay Area?
I have been contacted by several potential renters wanting to know if my sellers are interested in renting their homes for a while rather than selling. I have been encountering more of these requests because prospective tenants are finding it difficult to secure rentals right now. Most Sellers are not interested in a rental situation…
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).
Free Loan Modification Help from NACA will be available in San Jose June 17-22 and LA June 25-29
NACA is the organization that was able to get me and several people I know and thousands of others great loan modifications after our banks had already denied us…and they did it for FREE! They saved me about $1620 per month! If you only own one property (the American Dream), or one property that has a mortgage on it, then NACA may be able to help you too. It is definitely a good alternative to foreclosure in the Bay Area!
The FHA loan limit may be increasing from 3 1/2% down to 5% down payment
The House Financial Services Committee is meeting to discuss whether or not they are going to increase the downpayment requirement for FHA loans from 3.5% to 5%. The loan limts for FHA loans are also scheduled to decrease this year. The FHA loan product has been what has enabled many people, first time home buyers…
Seeking a Career in Real Estate at a High Tech Real Estate Company?
Seeking a career in Real Estate? New Agent Training Cohort at Realty World-No Pressure Realty in Livermore only has 4 positions left for its up-coming new agent training cohort designed to help agents get their businesses up & running & make the most of the up-coming Spring and Summer home buying and selling rush. If you are considering joining an office or making an office change, visit http://nopressurerealty.com/agent-careers/ and contact me today.
Experienced agents are always welcome to apply for a position with us. They may also sit in on the new agent trainings if they like as well. We also offer a lot of online and in person advanced training in high and low tech methodologies that work to help even the most seasoned agents grow their businesses even more.
Just a couple of the great benefits of becoming a part of Realty World-No Pressure Realty is that we offer in house short sale processing and Transaction Point transaction coordination services so agents can spend their time getting more business and making more money rather than shuffling paperwork and calling banks! Contact us today to find out more!