Jan Weston

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So far wbhfresno has created 34 entries.

How Long After A Short Sale Can You Buy Again?

12-13-13  For those wanting to buy again, this is an important question:  “When Can I Buy Again?”

The good news is you can.  When you can buy depends on who buys or insures the loan.   Martin Goldberg has some nice guidelines relating to this question.  He posted it in May 2013.  Keep in mind lending guidelines change and Mr Goldberg’s […]

By |September 28th, 2020|short sale|0 Comments|

You May Qualify For A “HARP” Refinance Loan

12-4-13 – The Home Affordable Refinance Program, also known as HARP, is a federal program of the United States, set up by the Federal Housing Finance Agency in March 2009 to help underwater and near-underwater homeowners refinance their mortgages.  The application deadline is Dec 31, 2015.  To see if you qualify check out the HARP website!

Unemployment Mortgage Assistance

If you’ve received unemployment benefits within the last 30 days you could qualify for mortgage assistance.  Notice there’s a time parameter here.  If you’re about to lose you unemployment benefits, you need to hurry.  See it at Keep Your Home California

By |September 27th, 2020|Uncategorized|Comments Off on Unemployment Mortgage Assistance|

Home Sales In Valley Falling

It looks like sales in September have dropped in the Valley.  Sales in Fresno County dropped 13% from August.  See the previous blog for our explanation.  Though sales have fallen, median prices have managed to rise 1% over August.  and a jump of 16.8% over the previous year.  This is good for those who are upside down on their […]

By |September 27th, 2020|real estate|Comments Off on Home Sales In Valley Falling|

Good News For Those Doing Short Sales

11/25/13 – For Homeowners doing short sales, where what you sell your house for is less that what you owe,  there has been a taxable issue with the State of California and the Federal government.  Previous to 2007 the forgiveness of the debt has been a taxable item on your tax return.  For example:  you sell your house for […]

By |September 26th, 2020|short sale|Comments Off on Good News For Those Doing Short Sales|

Settlement Provides 4 Billion in Aid To Distressed Borrowers

11-20-2013  J.P. Morgan Chase just settled with the Justice Department  over a variety of legal issues related to the mortgage debacle.  Apparently they were not forthright about the mortgages they sold on the secondary market.  They were weaker mortgages than advertised.  In the agreement J.P. Morgan is to provide 4 Billion in aid to distressed borrowers.  The use of […]

By |September 26th, 2020|foreclosure, real estate, short sale, Uncategorized|Comments Off on Settlement Provides 4 Billion in Aid To Distressed Borrowers|

What’s happening in the Fresno/Clovis real estate market?

For about the last 6 months the demand for houses has dropped. We’ve had to lower our prices and wait longer to get our properties sold. As we have tried to discern why, the following come to mind: 1.) Interest rates have gone up. 2.) Job growth has not taken root, leaving fewer qualified buyers. 3.) Uncertainty caused by […]

By |September 25th, 2020|real estate|Comments Off on What’s happening in the Fresno/Clovis real estate market?|

Stop Foreclosure – California Trustee Sale

I hope that you find this information helpful. We’ve provide the steps associated with the California Trustee’s Sale (Foreclosure) below. You can also download a chart of the process by clicking this link (PDF): California Trustee’s Sale (Foreclosure)
CALIFORNIA TRUSTEE’S SALE (FORECLOSURE)
Steps
Borrower Defaults
The Borrower (Trustor) has not made good on the loan. The lender (beneficiary) begins foreclosure by requesting the […]

By |September 25th, 2020|foreclosure|Comments Off on Stop Foreclosure – California Trustee Sale|

Free Value Estimate For Your Home

Have you ever wondered what your home is worth?  Maybe you’re wondering if you could sell and payoff your loan without owing anything.  Zillow is a website that offers free AVM’s:  Automated Valuation Model.  This is an estimate of what your home is worth based on sales in your area.  Each company has a variety of parameters they use […]

By |September 24th, 2020|Uncategorized|Comments Off on Free Value Estimate For Your Home|

Tax Consequences of a Short Sale In California

3-17-14

There’s good news for Californians who are needing to do a short sale.  According to the California Association of Realtors a letter from one of the FTB board members stating  “California families who have lost their home in a short sale are not subject to state income tax liability on debt forgiveness “phantom income” they never received in a […]

By |September 24th, 2020|Uncategorized|Comments Off on Tax Consequences of a Short Sale In California|