As Foreclosures Keep Coming, Renters Are Threatened Once Again

But Lukes notes that, legally, the renter is obligated to pay their landlord, ” even through this whole, awful awful process. “We get that question a lot,” he says. Read More

Sell Or Refinance in 2011?

Still, selling is much more risky and difficult than refinancing.  You’ll have to weigh the pros and cons for yourself.  The bottom line?  Find out what type of refinance loan you qualify for.  Find out what your home would sell for.  Then check out the local real estate marketplace and see if you can save [...]

$18,000 IN COMBINED HOMEBUYER TAX CREDITS….

$18,000 IN COMBINED HOMEBUYER TAX CREDITS FOR A LIMITED TIME Californians have a brief window of opportunity to receive up to $18,000 in combined federal and state homebuyer tax credits.  To take advantage of both tax credits, a first-time homebuyer must enter into a purchase contract for a principal residence before May 1, 2010, and [...]

California short sellers to pay tax on mortgage debt

Governor Schwarzenegger last week vetoed a bill that would have prevented California homeowners who sold their homes via short sales or received loan modifications in 2009 from being taxed on the forgiven mortgage debt.  Want to read more Click here Any question or concern feel free to conatc us http://www.car.org/governmentaffairs/stategovernmentaffairs/statelegprogram/

Homebuyer Tax Credit Chart 2010

To help stimulate home sales, both the federal and state governments are offering tax credits for Californians purchasing their piece of the American dream.  Federal law offers up to $8,000 for first-time homebuyers and $6,500 for long-time residents.  California law offers up to $10,000 for first-time homebuyers or buyers of properties that have never been [...]

California’s Home Inventory Shrinks to 5-Year Low

By JIM CARLTON SAN FRANCISCO—California’s inventory of unsold, previously owned homes shrank to a five-year low in December, in another sign that the state may be coming out of its worst housing slump in decades. The supply of unsold single-family homes dropped to 3.8 months from 5.6 months a year ago and 16.6 months in [...]

Real Estate News-The Mercury News

The Mercury News Bay Area real estate investors snap up properties in Sacramento, Vegas Bay Area real estate investors have gone on a shopping spree, snapping up homes in low-cost communities outside the region as falling home prices and low mortgage rates make the economics of buying rental property far more appealing. Learn More

Real Estate News-The Wall Street Journal

The Wall Street Journal How to learn your credit score The world of credit ratings is getting more transparent, thanks in part to a number of Web sites offering free credit score and credit-management tools. But that doesn’t mean understanding your credit ranking is any easier. Learn More

Real Estate News-Los Angeles Times

Los Angeles Times Few troubled mortgages being modified permanently Federal data released last week showed just how poorly banks are doing at turning the growing number of temporary loan modifications into permanent ones under the Obama administration’s effort to curtail foreclosures. Learn More

Real Estate News-The Mercury News

The Mercury News Mortgage lenders cancel more foreclosures in November Under intense pressure to help more people stay in their homes, mortgage lenders canceled far more scheduled foreclosures in November than in the previous month, according to a report Tuesday. Learn More