Yesterday Congress finally reached a settlement in the fiscal cliff negotiations. The good news is that the Mortgage Forgiveness Debt Relief Act has been extended through 2013. This means that the exemption from taxation for mortgage debt that is forgiven when homeowners negotiate a short sale, loan modification (including any principal reduction) or foreclosure will […]
Posts Categorized: Stockton Short Sale
The Mortgage Forgiveness Debt Relief Act and Debt Cancellation Expiring in December 2012 Extension Expected
There was been much speculation regarding the extension of the tax relief for Central Valley distressed homeowners beyond the December 31st expiration date. Everything I read indicates that an extension is expected but given the turmoil in D.C. no one knows for sure. I discussed the situation with my accountant and he pointed out that […]
New California Short Sale Deficiency Law
As of January 1, 2011, the first position lender will not be permitted to obtain a deficiency judgment against the seller after a short sale. The short sale approval letter and acceptance of the funds will constitute payment in full and discharge of the deficiency. However, these new changes will not apply to refinanced loans. […]
Understanding Deficiency Clauses
Recently a seller let an approved short sale go to foreclosure over a deficiency clause. This is a situation where everybody loses, the seller, the buyer, their agents, the servicers and the lenders all who spend their time and money to negotiate the approval. All wasted over two little sentences. “BAC Home Loans Servicing, LP […]
Stockton, CA, Short Sale Stockton Home for Sale & Stockton Real Estate, 8185 Shay Cir, Stockton, CA, 95212
Download now or watch on posterous 8185 Shay Cir_Stockton_ CA_95212.mp4 (4889 KB) For information on this and all the Stockton homes for sale visit www.Homes-In-Stockton.com! Great Short Sale Opportunity! 4 Bedroom 2 bath home with balcony on the upper level. Low Maintenance well kept yards. Close to schools and shopping. Posted via email from www.Homes-In-Stockton.com […]
Legal Chart Quick Reference for California Deficiency Judgments
Download now or preview on posterous California Deficiency Judgements.pdf (55 KB) The attached document provides a quick reference to assist distressed sellers in determining if a lender would have the right to collect on a deficiency resulting from foreclosure in the State of California. It is intended only for reference. I recommend strongly that a […]
Stockton, CA, Short Sale Stockton Home for Sale & Stockton Real Estate, 3026 English Oak Cir, Stockton, CA, 95209.
Download now or watch on posterous 3026 English Oak Cir_Stockton_CA_95209.mp4 (5699 KB) For information on this and all the Stockton homes for sale visit www.Homes-In-Stockton.com! Nice Stockton Short Sale! Well cared for home in gated community. Large corner lot. Priced to sell. Kitchen with tile counters and dining bar. Low maintenance yards. Posted via email […]
The Impact of HR 5872 & 5891 on the Stockton Real Estate Market
Download now or preview on posterous 08 10 10.pdf (9 KB) HR 5872, which passed the House of Representatives last week, increases FHA’s commitment authority for its multifamily insurance programs by $5 billion for the remainder of the fiscal year. While HR 5891, which passed the House of Representatives July 30, will permit FHA to […]
GREAT Stockton Short Sale Homes for Sale in the 95219 Zip Code
The following Stockton Short Sales are available in the 95219 zip code. Call 209-471-6516 for a private showing and visit Homes-In-Stockton.com for details! Address List Price 3219 Mill Springs Dr Stockton, CA 95219 $ 105,000 3602 Stone River Cir Stockton, CA 95219 $ 120,000 7023 Germanna Ct Stockton, CA 95219 $ 125,000 3283 Amberfield Cir […]
Stockton, CA, Short Sale Stockton Home for Sale & Stockton Real Estate, 3440 Heatherbrook Dr, Stockton, CA, 95219
Download now or watch on posterous 3440 Heatherbrook Dr_Stockton_CA_95219.mp4 (11011 KB) For information on this and all the Stockton homes for sale visit www.Homes-In-Stockton.com! Great Stockton Short Sale! Updated kitchen with granite counters and stainless appliances. Custom Paint and tile. Family Room with fireplace and french doors. Formal Dining with crown moulding throughout. Stamped concrete […]
Stockton, CA, Short Sale Stockton Home for Sale & Stockton Real Estate, 7309 Camellia Lane, Stockton, CA, 95207
Download now or watch on posterous 7309 Camellia Lane_Stockton_CA_95207.mp4 (10120 KB) For information on this and all the Stockton homes for sale visit www.Homes-In-Stockton.com! Stockton short sale. Stockton home for sale located in Lincoln School District! Here is the perfect home for a couple starting out or a small family complete with a white picket […]
Lenders and Homeowners Dancing the Default Limbo
Download now or preview on posterous 07 26 10.pdf (233 KB) About 4.5 % of mortgages in the greater San Francisco Bay area are at least 3 months behind in mortgage payments and not yet in foreclosure. This default limbo is different from other real estate crashes because previously there were fewer troubled loans which […]
Stockton, CA, Short Sale Stockton Home for Sale & Stockton Real Estate, 2031 Rosecrans Way, Stockton, CA, 95207
Download now or watch on posterous 2031 Rosecrans Way_ Stockton_CA_95207.mp4 (8353 KB) For information on this and all the Stockton homes for sale visit www.Homes-In-Stockton.com! Great Stockton Short sale in Lincoln School District! 3 bedroom 1 bath home with some improvements. Laminate, Wood and Tile Flooring. Updated kitchen with built in microwave. Newer kitchen cabinets. […]
Stockton, Short Sale in Spanos West, Stockton Home for Sale & Stockton Real Estate, 5473 Cortina Lane, Stockton, CA, 95219
Download now or watch on posterous 5473 Cortina Lane_Stockton_CA_95219.mp4 (9361 KB) For information on this and all the Stockton homes for sale visit www.Homes-In-Stockton.com ! Great Stockton Short Sale in Spanos West! Beautiful yard with pool and waterfall. Open floor plan, large rooms. Loft could be converted to bedroom. Kitchen with stainless appliances and breakfast […]