No Cost Short Sale Help for Orange County Residents

I can assist you with a NO COST Short Sale.  Now that Californians* won't be taxed on the forgiveness of debt (see article) through 2012 you might want to take the Short Sale Route. Call me, I will give you an honest opinion about your situation. (714) 904-7877 *I am not a CPA, please talk to your Tax Advisor regarding your tax...

Are home prices really up 12 percent in Orange County CA???

The OC Register today stated that home prices are up 12%.  That sounds so great , but is that really accurate? First of all, the price they are quoting is the Median home price.  That means that 50% of the houses closed for more than $432,000 and 50% sold for less.  In reality, that means that homes under $500,000 saw bigger gains than those over that amount. Here are some March statistics for North...

NO MORE CALIFORNIA STATE TAX ON FORGIVEN DEBT

NO MORE CALIFORNIA STATE TAX ON FORGIVEN DEBT I just received this notice from our California Association of Realtors Legal Department. I am not an accountant and you should verify all of this with your CPA or tax advisor. "Distressed homeowners no longer have to pay California state income tax on debt forgiven in a short sale, foreclosure, or loan modification.  Enacted into law yesterday, Senate Bill...

Making Home Affordable Information – HAFA Letter for Short Sale Alternative

There's lots of information floating around about Obama' new Making Home Affordable Plan (HAMP) and the Home Affordable Foreclosure Alternative (HAFA).  Attached you can read the letter that you will be receiving from your bank if you are trying to get a loan modification through the HAMP program. This letter lays out the terms you will be offered from your bank should you choose to do a short...

Summit Ranch Home For Sale – Chino Hills – CA by Aaron Zapata and Prudential CA

Spectacular Mountain Views 15370 Cinnabar Ct. – Chino Hills CA Don’t miss the unbelievable views at this wonderful Summit Ranch home on a cul-de-sac in Chino Hills. This large 2,256 square foot home has 4 spacious bedrooms and 3 full baths. As you enter the front door, to the left is the formal living and dining rooms, both with hardwood floors. Toward the rear of the main floor is the family room...

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