Real Estate provisions in the Fiscal Cliff Bill.
2013-NAR-Issue-Brief-Fiscal-Cliff-Real-Estate-Provisions-0102-1232.pdf (application/pdf Object)
Showing posts with label laws. Show all posts
Showing posts with label laws. Show all posts
Thursday, January 3, 2013
Tuesday, September 4, 2012
Banks using short sales to meet robo-signing obligations | Inman News
Is your mortgage with any of these banks: Bank of America, Citi, JPMorgan Chase, Wells Fargo and Ally Financial...Considering a short sale? Now is the time. these banks are being required to give relief due to settlement and you can still qualify for the Tax Mortgage relief Act thru DEC.
Banks using short sales to meet robo-signing obligations | Inman News
Banks using short sales to meet robo-signing obligations | Inman News
Wednesday, July 18, 2012
Realty Times - Sort Sale Market Could Get Sidetracked Unless Congress Acts
If you have been considering a short sale, here is some information as to why you need to do it now and not later!
Realty Times - Sort Sale Market Could Get Sidetracked Unless Congress Acts
Realty Times - Sort Sale Market Could Get Sidetracked Unless Congress Acts
Monday, July 16, 2012
Thursday, May 24, 2012
Texas Appraisal Districts Perform Poorly in Review
Now is the time to dispute those property tax values. Contact me today for an accurate market analysis of your homes value.
Texas Appraisal Districts Perform Poorly in Review
Texas Appraisal Districts Perform Poorly in Review
Tuesday, April 17, 2012
California Home Prices Going Up, Inventory Down, C.A.R. Reports
What happens in CA usually trickles across the country. Good news!
California Home Prices Going Up, Inventory Down, C.A.R. Reports
California Home Prices Going Up, Inventory Down, C.A.R. Reports
Thursday, April 5, 2012
Short Sale Update!
On Friday, March 9, the Obama
Administration announced updates to the Home Affordable Foreclosure Alternative
(HAFA) program. Created in 2009, HAFA is a government-sponsored initiative
assisting all Home Affordable Modification Program (HAMP) eligible homeowners
in avoiding foreclosure through short sales and deed-in-lieus.
The
HAFA updates will go into effect on June 1, 2012, and will allow more
distressed homeowners to seek assistance. Most importantly, the deadline for
submitting for HAFA eligibility will be extended a full year, from December 31,
2012, to December 31, 2013.
Other
major changes include:
- The removal of occupancy requirements. Previously, HAFA required homeowners to have lived in the property within the last 12 months.
- $3,000 relocation incentives will be limited to properties occupied by an owner or tenant at the time of the short sale.
- Mortgage payments will be allowed to exceed 31% of the homeowner's gross monthly income. This update will allow a homeowner to stay current on her mortgage and still qualify, minimizing the overall impact to her credit.
- Secondary lienholders may receive up to a maximum of $8,500, up from $6,000 previously.
- And one of the most dramatic changes: The Credit Bureau Reporting will be Account Status Code 13 (paid or closed account/zero balance) or 65 (account paid in full/a foreclosure was started), as applicable.
With
these updates, a homeowner can be current on their mortgage, qualify for HAFA,
continue to make their payments, and execute a short sale with minimum impact
on their credit!
According to: CDPE Newsletter: April Issue
Monday, March 19, 2012
What You Need to Know about Cancellation of Mortgage Debt | RISMedia
Good information about debt forgiveness...
What You Need to Know about Cancellation of Mortgage Debt | RISMedia
What You Need to Know about Cancellation of Mortgage Debt | RISMedia
Tuesday, February 21, 2012
Proposed Bill to Speed Up Short Sale Process and Prevent Foreclosure
Slowly but we are progressing...hopefully this bill will go through.
Proposed Bill to Speed Up Short Sale Process and Prevent Foreclosure
Proposed Bill to Speed Up Short Sale Process and Prevent Foreclosure
Monday, February 13, 2012
Monday, February 6, 2012
Thursday, February 2, 2012
Tuesday, January 31, 2012
Friday, January 27, 2012
Thursday, January 26, 2012
Wednesday, January 25, 2012
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