Category Archives: Article
California Home Prices: A History Over the past 42 years, home prices have risen in California almost every year, and they’re back on the rise. History shows that home ownership in California is a solid long-term investment. Annual Median Prices for Single-Family … Continue reading
The Mortgage Forgiveness Debt Relief Act expired in 2012? No, that is a myth. Congress recently extended the Mortgage Debt Relief Act an additional year. This extension means homeowners will now be excused from paying Federal taxes on forgiven mortgage … Continue reading
Short Sale Myths Debunked, Episode 7: Will I be ineligible to purchase another property for 5-7 years?
Many homeowners are under the impression that selling their home through short sale will render them ineligible to purchase another property for up to 7 years! But that is a myth. Actually, you may be eligible for a Fannie Mae … Continue reading
It is a common belief that short sales drag out, and can take months to close. But that is a myth! No two short sales are the same, and the process of short selling is one that can only be … Continue reading
Many homeowners are under the impression that they must fall behind on mortgage payments in order to qualify for a short sale, but that is a myth. Prior to 2012 if a homeowner sought a short sale for their property … Continue reading
Short Sale Myths Debunked, Episode 4: Will I get sued for the deficiency after my short sale closes?
Many homeowners are nervous to attempt a short-sale for fear of being sued by their lender for the deficiency after closing. But that is a myth. Up until recently a lender had the option to require the deficiency after a … Continue reading
California Governor Jerry Brown signed into law the Homeowner Bill of Rights to help struggling Californians keep their homes. This law aims to avoid foreclosure where possible to help stabilize California’s housing market and prevent the other negative effects of … Continue reading
Many homeowners believe that short sales never close, but that is a myth. In fact a large percentage of all closings currently are short sales; it’s just a matter of how long the process will take. The determining factor is … Continue reading
With a steady flow of new renters streaming in to Irvine, apartment prices are on rise. Complexes in Irvine are an average of about 95 percent full, and the average rental cost is at a three year high. Irvine has … Continue reading
Many homeowners are under the impression that banks are eager to foreclose their property, rather than opt for a short sale, but that is a myth. The foreclosure process is profoundly expensive to the banks, so by agreeing to a … Continue reading