According to the Federal Housing Agency’s website on 3/31/2020, Fannie Mae, Freddie Mac (the Enterprises) and the Federal Home Loan Banks are taking steps to help people who have been impacted by the coronavirus. If your ability to pay your mortgage is impacted, and your loan is owned by Fannie Mae or Freddie Mac, you may be eligible…
Tag: Short Sale
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.
Obamo extends Deadline for Programs to Help Struggling and Under Water Homeowners in Livermore, the Tri-Valley, Bay Area, California and the United States!
Obama Administration Extends Making Home Affordable Program U.S. Secretary of the Treasury Jack Lew announced today that Treasury is extending the Making Home Affordable Program for another two years. The new expiration date is set for December 31, 2015. The program offers help to homeowners through solutions including the Home Affordable Modification Program (HAMP), Home…
Should I List My Home With an Agent or Sell it Myself as a For Sale By Owner (FSBO)?
Should I List My Home With an Agent or Sell it Myself as a For Sale By Owner (FSBO)?
Attention: For Sale By Owners! People Are Afraid To Buy From You!
Many homeowners believe that to maximize their profit on a home sale they should sell it themselves. They may even think that they have to sell the home themselves in order to avoid losing their home to foreclosure or short sale (if the latter is you, you may have options you are not aware of–contact me and I would be happy to discuss them with you). At first glance, they feel selling a home is simple and why should they pay a broker fees for something they could do themselves?
Before you decide to sell FSBO, consider these questions and weigh the answers of assuming the responsibility versus employing a professional. A little time spent investigating up front will pay off tenfold in the end. This article discusses some Questions To Consider. By: Robin Watson-Bird, Broker/Owner Realty World-No Pressure Realty, 925-577-8692
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!
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.
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.
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.
Very Experienced Short Sale Real Estate Agent & Short Sale Processor!
One more Short Sale closed and I will be a Short Sale Genius Elite Master! I love Short Sales!
Very Experienced Short Sale Real Estate Agent & Short Sale Processor!
One more Short Sale closed and I will be a Short Sale Genius Elite Master! I love Short Sales!