by countyproperties | Apr 17, 2010 | Finance, Real Estate news, Riverside foreclosure news, Riverside Real Estate, Riverside Short Sales, San Diego Foreclosure news, San Diego Real Estate, San Diego Short Sales
When Bank of America announced last week that it would begin cutting loan balances for distressed mortgage borrowers, it marked a sea change in the way lenders deal with seriously delinquent loans. Until now, big lenders and servicers, such as BofA , have only given...
by countyproperties | Mar 27, 2010 | Current Affairs, Finance, Real Estate news, Riverside Real Estate, Riverside Short Sales, San Diego Foreclosure news, San Diego Real Estate, San Diego Short Sales
To simplify all of the confusion, “Hope” and “Making homes afordable” programs are broad names that encompus the specific options listed below. The specific program options are the following: (click on specific program for details) HARP...
by countyproperties | Mar 27, 2010 | Finance, Real Estate news, Riverside Real Estate, San Diego Real Estate
Governor Schwarzenegger signed AB 183 providing $200 million for home buyer tax credits. The bill allocates $100 million for qualified first-time home buyers who purchase existing homes and $100 million for purchasers of new, or previously unoccupied, homes. Eligible...
by countyproperties | Mar 27, 2010 | Finance, Real Estate news, Riverside foreclosure news, Riverside Real Estate, Riverside Short Sales, San Diego Foreclosure news, San Diego Real Estate, San Diego Short Sales
Generally, the Internal Revenue Service (IRS) treats debt forgiveness by a creditor as taxable income. However, under federal legislation that took effect in 2007, certain home mortgage debt cancellations—such as loan modifications, short sales, or...
by countyproperties | Mar 27, 2010 | Current Affairs, Finance, Real Estate news, Riverside foreclosure news, Riverside Real Estate, Riverside Short Sales, San Diego Foreclosure news, San Diego Real Estate, San Diego Short Sales
On March 24, 2010, Bank of America announced enhancements to the National Homeownership Retention Program to modify the mortgages of qualified homeowners who are experiencing financial hardship. The National Homeownership Retention Program is already available to...
by countyproperties | Mar 12, 2010 | Finance, Real Estate news, Riverside foreclosure news, Riverside Real Estate, Riverside Short Sales, San Diego Foreclosure news, San Diego Real Estate, San Diego Short Sales
In an effort to end the foreclosure crisis, the Obama administration has been trying to keep defaulting owners in their homes. Now it will take a new approach: paying some of them to leave. This latest program, which will allow owners to sell for less than they owe...