There are several articles out today commenting on the decline on foreclosure activity. The ivory-tower types are quick to give credit to the CA Homeowners Bill of Rights, or to short sales being the preferred method of liquidation, instead of foreclosure. Here are...
For this being the last scheduled year for the debt-tax exemption, the distressed listings are sure dripping out slowly around here. Here are the number of January short-sale and REO listings in NSDCC: Year Short-sales REOs Percent of all new listings 2010 49 17 16%...
Six offers already submitted on this short-sale duplex in La Costa, with one a cash offer well over list price:
There are all kinds of incentives available to short sale sellers throughout the United States. Those incentives range from a few thousand dollars all the way up to $35,000 (enough to pay for some of your kid’s college education). Here’s a summary of the most common...
Hat tip to Mr. T for sending this along from sddt.com: Underwater borrowers have one more year to swim to the surface and short sell their homes before facing income taxes on the forgiven debt. The Mortgage Forgiveness Debt Relief Act (MFDRA), set to expire on Dec....
Attorney 'Kingside' concurred with sdbuyer that the California debt-tax exemption mirrors the federal-law deadline, and will expire tomorrow unless something changes: The California act (SB 401) was designed to conform with existing federal law and both are scheduled...
The neo-taco warehouse look didn't slow this one down - marked contingent after two days:
California state law already provides debt-tax relief, so owner-occupants here are covered. Homeowners and banks are accelerating sales of properties for less than the amount owed as a U.S. law that gives them a tax break expires at the end of the year. The...
Realtors fawning all over themselves - from the dt: Short sales remain the better choice over foreclosures for both banks and homeowners, and local real estate experts believe the number will continue to increase, unless the Mortgage Forgiveness Debt Relief Act is not...
Those paying attention are seeing realtors continuing to commit short-sale fraud, and about the only hope for it to end is for short sales themselves to run out of steam. If the debt-tax relief doesn't get extended (unlikely but possible) and those underwater sense...
