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.
Tag: Tri-Valley Real Estate Agent
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
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!