by Kris and Kim Darney | Jul 25, 2015 | Claremont California, Government Bills, Regulations and other news affecting, HAFA Government Program, La Verne California, Selling Your Home During Drought in California, Via Verde California
Rarely has the federal government allowed business or industry run amok, unregulated to do as they please and have no legal ramifications for wrong doing. This has been a concern with many in the Real Estate industry since the implementation of Dodd-Frank in 2010 and...
by Kris and Kim Darney | Jul 22, 2014 | Government Bills, Regulations and other news affecting, La Verne California
Governor Jerry Brown formalized AB 1393 which provides Mortgage Debt Forgiveness for Californian’s that have experienced a short sale before January 01, 2014. So what? This is fantastic news for struggling homeowners that are now free and clear of getting...
by Kris and Kim Darney | Jul 8, 2014 | Government Bills, Regulations and other news affecting
Passing California Assembly June 30, AB 1393 provides protections to California homeowners for debt incurred by a short sale. This bill mirrors the Mortgage Forgiveness Debt Relief Act of 2007 enacted by the Treasury for IRS ruling. AB 1393 moves to Governor Browns...
by Kris and Kim Darney | Jul 3, 2014 | Government Bills, Regulations and other news affecting, La Verne California
One of the best tools the government has given homeowners in trouble is this HAMP program…especially those Americans that needed to complete a short sale…HAMP’s HAFA program protects the homeowner in the short sale eliminating the recourse from...
by Kris and Kim Darney | Apr 3, 2014 | Government Bills, Regulations and other news affecting
Great news from NAR on the government approving an extension to the Mortgage Debt Forgiveness Relief Act of 2007. The Mortgage Debt Forgiveness Relief Act protects the homeowner from taxation on their short sale of their primary residence. Of course, California...
by Kris and Kim Darney | Mar 8, 2014 | Government Bills, Regulations and other news affecting, La Verne California, Via Verde California
Why Do Short Sales Take So Long? When buyers hear the term “short sale,” they typically think about distressed sellers and good deals — especially in markets where prices have ticked upwards. But the word “sale” can be misleading. In fact, many real estate agents have...