Great New Listing with RV Parking, Pool, on 1/4 Acre Lot in a Great Court!!-278 Jami Ct, Livermore, CA $875,000. Open Saturday & Sunday 2/25/17 & 2/26/17 1-4PM. Offers Due Tuesday 2-28-17 by Noon.
Visit my web page dedicated to 278 Jami Ct, Livermore, CA showcasing the listing, including a virtual tour and detailed information about the property – http://278jamict.utour.me/
Robin Watson-Bird, Broker 01387964. 925-577-8692 The Robin Bird Team
Tag: Livermore Short Sale
BEST BIDDER HOME SALE- Saturday and Sunday 6/7-6/8 1-5PM ONLY….693 Ridgecrest Circle in Livermore
Best Bidder Home Sale in Livermore, CA this weekend 6/7-6/8 from 1-5. 693 Ridgecrest Circle. Must come by to view home and place initial bid this weekend during the open house to be part of the round robin bidding that will take place Sunday night. Minimum starting bid is only $375,000 for this fantastic well cares for home worth well over $700,000!
Great News for People Who Did Short Sales in 2012 and 2013 in California!
Great news from a letter I just received…
As we anticipated, C.A.R. today received a letter from the California Franchise Tax Board (FTB), obtained by the State Board of Equalization, clarifying that California families who have lost their home in a short sale are not subject to state income tax liability on debt forgiveness “phantom income” they never received in a short sale.
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
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).
Some Active Military & Veterans Can Buy a New Home with a VA Loan Even if Their Current Home is Upside Down and Even if They Have Done a Short Sale on a Property in the Past!
The biggest challenge for people whose homes are upside down (that is, they owe more money on it than it is worth) is buying a new home. Typically, they will one of two alternatives:
1) They will have to short sale their property and wait 2-4 years before a lender will loan them money to purchase another home.
2) Buy another property when their current one is upside down and be able to afford both properties
Active Military and Veterans have a third option because the VA will loan money to buyers who have an upside down property as long as they meet certain criteria. This blog article details this scenario.
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Some Active Military & Veterans Can Buy a New Home with a VA Loan Even if Their Current Home is Upside Down and Even if They Have Done a Short Sale on a Property in the Past!
The biggest challenge for people whose homes are upside down (that is, they owe more money on it than it is worth) is buying a new home. Typically, they will one of two alternatives:
1) They will have to short sale their property and wait 2-4 years before a lender will loan them money to purchase another home.
2) Buy another property when their current one is upside down and be able to afford both properties
Active Military and Veterans have a third option because the VA will loan money to buyers who have an upside down property as long as they meet certain criteria. This blog article details this scenario.
Keywords: Buy home after short sale, VA Loan, VA Loan Limits, Buying a Home with a VA loan, Buying a home while owning an under water/upside down property, Alternative for Veterans,VA Loans, VA short sale, Livermore Short Sale Agent, Livermore Short Sale, Pleasanton Short Sale Agent, Pleasanton Short Sale, Dublin Short Sale Agent, Dublin Short Sale, San Ramon Short Sale Agent, San Ramon Short Sale, Danville Short Sale Agent, Danville Short Sale, Alamo Short Sale Agent, Alamo Short Sale, Buy home after short sale, military buyer, buy home with house under water, rent under water house,VA Loan Limit, Veteran, VA, buy new home while owning underwater home
FREE Loan Modification Help Available from NACA–Save the Dream Tour is Happening Right Now in Los Angeles
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.
Save the Dream Tour is Happening Right Now in Los Angeles and they have others coming up all over the country. Check out NACA.com to find an event near you.
Livermore Real Estate Market Update–Probably have not hit bottom yet
Livermore home prices are not increasing. The first half of 2010 had increases in home prices, but there has been a steady decline in home values since the second half of 2010. Home values are now at Sept. 2009 and 2003 values. Struggling upside down homeowners may need to modify their loan or short sale since the option of waiting for home prices to increase so they can do a regular sale is probably not going to be an option anytime soon. Robin Watson-Bird specializes in short sales and is happy to give free consultations to homeowners in Livermore, Alameda County, Contra Costa County, and parts of San Joaquin, Santa Clara, Solano and other counties.
Buying a Home in the Bay Area after doing a Short Sale in Livermore, the Tri-Valley, East Bay Area & California
Buying a home after completing a short sale is not impossible! Depending upon the type of short sale you completed, whether or not you have additional properties that are upside down/under water, your credit rating, and the amount of downpayment you have, you may be able to purchase a home right away or need to wait 2-5 years after completing the short sale.