SHORT SALE AND FORECLOSURE BLOG

Foreclosure Alternatives One of the biggest mistakes some people make at this point is being too attached to their property. This will cause heartache, heart attacks, and a huge amount of stress. Let me start off by sharing a true story of a very good friend of mine, Roman. Roman was too proud to tell [...]

Tags: 360 REALTY, Agents, credit, foreclosure, foreclosures, los angeles real estate, real estate experts, short sale expert, Short Sale Q&A, SoCal, Southern California Real Estate, Tax Aspects Of A Short Sale

Brian Beutler writes that President Obama will likely have to make more recess appointments if he wants to staff key positions, including the newly-created vacancy at the Office of Management and Budget, as Jack Lew has become White House Chief of Staff. The assumption here is that Republicans will react to recess appointments at the CFPB and [...]

Tags: 360 REALTY, BARACK OBAMA, california, credit, DEMOCRATS, ED DEMARCO, FANNIE MAE, FHFA, foreclosure, FREDDIE MAC, HARP, HOUSING, los angeles real estate, RECESS APPOINTMENTS, REPURCHASES

  Thursday State lawmakers passed SB 401 which will exempt borrowers who lost their homes to foreclosure or short sales in 2009 from paying state taxes. State officials say as much as 100,000 people statewide will be spared from paying tax they otherwise would owe. The bill extends the state ban from 2009 through the [...]

Tags: 360 REALTY, credit, los angeles short sales, short sale vs forelosure, Tax Aspects Of A Short Sale

Heavy tax burden looms for those attempting short sale   DEAR BENNY: We live in California and own a second home within five miles of our primary residence. This second home has been used as a rental, initially to persons we were not connected with in any way. For the past 10 years, two different [...]

Tags: 360 REALTY, credit, foreclosure, los angeles real estate, short sale experts, short sale questions, upside down home

  I get lots of questions on short sale either from the sellers or someone who wants to know more about short sale. Here is my top 6 seller short sale questions I get which I think is useful to mention here so that all my readers get to know the answers to these common [...]

Tags: 360 REALTY, credit, foreclosure, foreclosures, Short Sale Q&A, Short Sales

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 [...]

Tags: 360 REALTY, bank of america short sale package, bank of america short sales, countrywide short sales, credit, first time homebuyers agent, first time homebuyers credit, first time homebuyers los angeles, gmac short sales, los angeles real estate, preforeclosure, real estate los angeles, Short Sales Help, short sales los angeles

A short sale will negatively affect your credit, but not nearly as much as a foreclosure or deed-in-lieu ~ read this entire article for details on each alternative. A short sale simply means that the amount of the mortgage balance owed is greater than the current market value of your home. Homeowners who are in [...]

Tags: 360 REALTY, credit, How Will A Short Sale Affect My Credit?, los angeles real estate, los angeles short sales, Short Sales