Recourse and Non Recourse Loans…HAFA And The Short Sale
If you are a homeowner in the state of California you will want to understand the difference between Recourse and Non Recourse Loans. An example of a Non Recourse loan would be if you purchased the home and did not refinance or take out any type of Home Equity Line of...
Short Sales Successful When There Is Negative Equity In Property
Homeowners are facing Negative Equity in nearly every state in America. Negative equity is simply defined when you owe more on the property than it would sell for in this current market.
NAR Jeff Lischer Executive Talks About HAFA Short Sales
This is great news from the organization that represent Realtors nationwide. Listen to Jeff Lischer Top NAR Executive Talk Candidly About HAFA Short Sales
Arnold To The Rescue…Californians Get Short Sale Tax Break…SB 401
Mr. Schwarzenegger Has signed California SB 401 providing Californians a mirrored tax break (IRS Mortgage Forgiveness Debt Relief Act of 2007) that saves residents who short sold their primary residence in 2009 or are planning to through 2012. This much needed tax...
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