Blog

Distressed sales unchanged in Fresno, Tulare counties ….What to do?

8/22/14

The Business Journal posted an article summarizing the condition of the housing market for distressed properties; those sold at a short sale, foreclosure, and bank owned properties.  For June, in Fresno County 17% of all properties were sold as “distressed”  in June 2014. The state wide amount for California stood at 9.7%.

Historically, and I believe it holds true now, […]

By |October 9th, 2017|Uncategorized|Comments Off on Distressed sales unchanged in Fresno, Tulare counties ….What to do?|

Tax relief for borrowers with canceled or forgiven mortgage debt for 2013

7/28/14

The state of California recently passed Assembly Bill 1393 that says there are no state tax consequences if you have a home where the debt was cancelled or forgiven by the lender due to a principal reduction from a loan modification.  Say for example you renegotiated the loan on your house and the lender reduced your principle balance by […]

By |October 8th, 2017|Uncategorized|Comments Off on Tax relief for borrowers with canceled or forgiven mortgage debt for 2013|

Distressed Sales For Fresno County

11-6-2013

A lot of our business comes from parties who have a need to sell there house quickly.   These include those who owe more on their home than they’re worth, some who are being foreclosed upon, and others who have a home needing many repairs.  Because we have cash to buy and the ability to purchase quickly, buyers come to […]

By |October 8th, 2017|foreclosure, real estate, short sale|Comments Off on Distressed Sales For Fresno County|

Distress sales in Fresno County amount to 17% of all sales.

7/23/14

The Business Journal, a central valley news organization, reports amongst other things that distressed sales

of homes in Fresno County amount to 17% of all sales for the month of June, about the same as May.  However,

that’s much better than a year ago, 36% of all sales were distressed sales.

 

The Fresno County market continues to get better, albeit slowly.  There […]

By |October 7th, 2017|Uncategorized|Comments Off on Distress sales in Fresno County amount to 17% of all sales.|