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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 |July 16th, 2018|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 […]

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 […]

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 |July 15th, 2018|foreclosure, real estate, short sale, Uncategorized|Comments Off on Settlement Provides 4 Billion in Aid To Distressed Borrowers|

Distressed sales still falling in Fresno

Distressed homes in Fresno County were 24 percent of all homes sold in December 2013. This is good compared to 52 percent in December of 2012. This is a reflection, in my opinion, of the increased values of homes compared to 2012. The median price appreciation was in the high teens, low 20’s for 2013.

For those of you […]

By |July 14th, 2018|Uncategorized|Comments Off on Distressed sales still falling in Fresno|

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 |July 14th, 2018|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 |July 13th, 2018|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 |July 13th, 2018|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 |July 12th, 2018|Uncategorized|Comments Off on Tax Consequences of a Short Sale In California|

Home Affordable Refinance Program – HARP

3-5-14  I recently read that 25% of all homes with mortgages in Fresno County still owe more than there home is worth.  There’s

two parts to this equation:

1) The debt exceeds the value of the home

and

2) The homeowner is paying interest on debt that’s beyond the homes worth.  That’s not efficient.

Wouldn’t it be wiser to reduce the payment burden by […]

By |July 12th, 2018|Uncategorized|Comments Off on Home Affordable Refinance Program – HARP|