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 HAMP 2...
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 | Chula Vista Real Estate, Real Estate news, San Diego Foreclosure news, San Diego Real Estate
Sneak Preview! 945 Gutay, Chula Vista, CA We have a home located in Chula Vista coming onto the market soon, that is a foreclosure. It is a 3bdrm/2bath, 1603 square foot home that has been remodeled. It has a large lot with a deck in the back off of the home. Plus a...
by countyproperties | Mar 12, 2010 | Finance, Real Estate news, San Diego Foreclosure news, San Diego Real Estate, San Diego Short Sales
The California Senate voted 21-15 today to approve legislation that would prevent homeowners who have had a foreclosure, loan modification or short sale from being required to pay state income taxes on the debt forgiven. The bill, SB32 (8X), by Sen. Lois Wolk...
