Mortgage Debt Forgiveness Relief Act Extension Approved by Senate
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 residents are protected from this type of taxation under CCP580E.
Chino Hills Housing Statistics
Chino hills California current housing statistics. Is it time to sell?
What is Probate?
What is probate? We answer this question here: https://shortsalesellit.com/probate-questions/ We invite your specific questions Probate, Guardianship or Conservatorship...
Paint Your Home! What To Consider When Choosing A Color.
While it’s a good idea to get creative, it’s usually a bad idea to pick colors that will clash with your neighbors’ exteriors. You can always stand out but try to do so in an unobtrusive way!
HAFA…A Real Estate Agents Perspective
I found this post on a blog site predominately used by real estate agents. It's worth sharing with our readers, if your thinking about a short sale please read...This article was published back in April of 2010 just as we all anticipated the good new HAFA was about...
1.84% Of Loans That Were Current 6 Months Ago…60+ days Delinquent Today!
Thanks to Sean and Foreclosure Radar for this report....Wow! This is scary for America. I believe we need to stop looking for the Government to fix the housing problem, the programs are not working for most homeowners. Not all banks have to participate in them, and...
$2.6 Billion in Free Rent According to WSJ
Interesting tidbit from the Wall Street Journal. Defaulters who continue to live in their homes are getting a “subsidy” worth a collective $2.6 billion each month, according to data from LPS Applied Analytics and rent data from the Commerce Department. And the longer...
According to University of Virginia Presenter, Major Banks are 1/4 of the way Through Their Foreclosures
According to HousingWire...At a recent UofV's sponsored event, Managing Director of Institutional Risk Analytics, Christopher Whalen, the nations largest banks have only managed themselves out of 1/4 of "inevitable" foreclosed homes. That fact gives me "goose...
McDummies! Over A Trillion Served…and One Franchise Owner About to Be Served
Just because you have a few million to contribute to a McDonald's franchise doesn't make you a rocket scientist! I mean...c'mon...how stupid do you have to be? This franchise owner actually placed this letter in his employees paychecks. I appreciate the persons...
Wells Fargo Finds Foreclosure Mistakes…Issuing 55,000 "Supplemental Affidavits"…Whatever That Means?
Wells Fargo...shame on you... Foreclosure is a serious process and WF treats it like an assembly line...with Robo signers! What is a "supplemental affidavit" any how? Something one of your "legal" eagles (senator or congressman no doubt) came up with to avoid...
More Lenders…More Foreclosures…More Unemployment…What A Mess!
Home Prices…More Foreclosures…More Short Sales…Home Values Hard To Predict
Treasury's HAFA Program Falls Short at End of 3rd Quarter
Breaking news! Today it was reported to congress, at end of 3rd quarter 2010, Home Affordable Foreclosure Alternative (HAFA) successfully completed 342 Short Sales or Deed's in Lieu...report. The HAFA program was introduced April 5, 2010...with Freddie Mac and Fannie...
WSJ Reports Bank Of America Finds High % of Errors in Foreclosure Filings
It was reported by Wall Street Journal that Bank of America found numerous errors in the first of what will be thousands of foreclosure re filings in 23 states. This really comes as no surprise as BofA assumed Countrywide and Countrywide's shoddy practices... BofA...