SHORT SALE AND FORECLOSURE BLOG

This is not news, but it IS critical for any Seller thinking about listing their home as a Short Sale in California in 2012. Remember the MOST critical thing..the Debt Forgiveness Act expires on 12/31/2012. Will it be extended? Most likely. However..do you want to take that chance? Read on for a recap of our [...]

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A short sale could fit the bill for a first-time homebuyer who has patience. In a short sale, the lender allows the home to be sold for less than the mortgage balance. As a result, prices often are affordable. On top of that, today’s mortgage interest rates are low. But short sales are complex and [...]

Tags: 360 REALTY, Buying Short Sales, los angeles short sales, real estate, real estate experts

For Sale: 7BR/6BA Multi-FSanta Monica in Santa Monica, CA, $1,295,000 1044 Grant St.   Santa Monica, CA 90405 Just Listed $1,295,000 – SHORT SALE! Triplex 3,754 Sq. Ft – Recently Updated Great Investment or Owner-Occupied Opportunity! Private, Beautifully updated, modern retreat in the Sunset Park area of Santa Monica. This Custom designed, 2 story triplex [...]

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By Lauren Beale Comic actor Rob Schneider has listed his French Normandy-style manor home in San Marino for $3.6 million. Built in 1926 by architect Everett P. Babcock as his personal residence, the two-story house retains much of its original character. The entry opens to a foyer and a tower staircase with Batchelder tile risers. [...]

Tags: 360 Realty Listings, 360 Realty Short Sales, Emmanuel Xuereb, los angeles real estate, los angeles short sales, San Marino Short Sales

Foreclosures fell month-over-month but are still up nearly 20% compared with a year ago. Plus, Las Vegas wasn’t the worst-hit city in November. By Les Christie, CNNMoney.com Last Updated: December 10, 2009: 7:18 AM ET NEW YORK (CNNMoney.com) — Foreclosure filings fell by 8% in November, making it the fourth consecutive month of improvement in [...]

NEW YORK (CNNMoney.com) — President Obama signed an extension and expansion of the first-time homebuyers tax credit on Friday. The $8,000 credit was scheduled to lapse on Dec. 1 but will now be in effect through the end of June. Homebuyers must sign a contract before April 30 and close by June 30. The income [...]

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WHAT YOU SHOULD KNOW BEFORE BUYING A SHORT SALE  Buying a Short Sale? When you buy a short sale make sure to find out if the listing agent has experience doing short sales.  You should ask for proof from the listing agent that they have succesfully negotiated  a short sale with the particular bank that [...]

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2009 First Time Home Buyer Tax Credit Fact Sheet Who is Eligible ·        The $8,000 tax credit is available for first-time home buyers only. ·        The law defines “first-time home buyer” as a buyer who has not owned aprincipal residence during the three-year period prior to the purchase. ·        All U.S. citizens who file taxes [...]

Tags: 2009 tax credit, 360 REALTY, first time homebuyer, los angeles real estate, los angeles short sales