by Kris and Kim Darney | Dec 5, 2013 | Government Bills, Regulations and other news affecting, Short Sales Stop Foreclosure
It’s official according to the California Association of Realtors (CAR). As expected, the announcement earlier this month from the IRS courtesy of CAR and Senator Barbara Boxer, the IRS will consider any short sale taxable shortages (1099) for California... 
by Kris and Kim Darney | Nov 14, 2013 | Government Bills, Regulations and other news affecting, Short Sell and Rent Back Program
Back in early 2010, the Hardest Hit Fund (HHF) was established by the Treasury to help certain hard-hit states deal with heightened unemployment and foreclosure activity. A total of 18 states and the District of Columbia were allocated roughly $7.6 billion in federal... 
by Kris and Kim Darney | Nov 8, 2013 | Fannie Mae, Government Bills, Regulations and other news affecting
Great news for (previous) short sellers who have been forced to remain on the sidelines because their short sale was being (mis) reported as a foreclosure on their credit reports. Fannie Mae has designed a fix for a computer software problem that erroneously reported... 
by Kris and Kim Darney | Sep 25, 2013 | Government Bills, Regulations and other news affecting, Short Sell and Rent Back Program
Housing and Urban Development (HUD) just released updates to Pre-Foreclosure Sales (PFS) or Short Sales for FHA backed mortgages. What does this mean? If you list your FHA backed mortgage for short sale, your listing broker or agent may not represent the buyer as... by Kris and Kim Darney | Sep 5, 2013 | Government Bills, Regulations and other news affecting, Short Sales Stop Foreclosure
Great News for those of us in the Golden State. “There’s Gold in them their short sales!” Yes…State fo California through CalHFA, is offering up to $5000 to 460 homeowners in CA to complete a short sale successfully. Learn More? Ask us!... 
by Kris and Kim Darney | Aug 29, 2013 | Government Bills, Regulations and other news affecting, How to Choose a Real Estate Agent when doing a Short Sale
What we have been waiting for: FHA announces Re-Purchase Program 12 Months after SHORT SALE. Eligibility Requirements: Experienced and Economic Event… (Vague? Most homeowners have been hit with an unforeseen economic hardship) Must Be Fully Recovered…...
