Archive for the 'Sacramento Short Sale and Sacramento Foreclosure News' Category
Probate Real Estate Expert In Sacramento County Explains Probate
[caption id="attachment_18523" align="aligncenter" width="300"] Probate can be a trying experience for a family... Our team can help[/caption] What is Probate? Is there always a Probate? How does California Probate Work? Sacramento area Probate Real Estate Expert Explains Probate with: Probate Questions and Answers What is Probate? When a person dies, their last will and testament (assuming they prepared on in advance) is handled and their wishes for the distribution of their personal property implemented through a process called probate. Probate simply means the procedure by which their last written directives are legally certified as the final statement of their wishes in regard to their worldly possessions (including any property or properties they may have owned). It also confirms the appointment of a person or...
California Short Sales/REOs increase – just had their largest rise in 3 years
[caption id="attachment_5900" align="alignnone" width="300"] California-Short-Sale-Mortgage-Debt-Relief[/caption] California-Short-Sale-Mortgage-Debt-Relief REPORT: REOs roaring back to life Short Sales/REOs just had their largest rise in 3 years According to the REO industry Directory; In what may just be the start of a new dip in housing, REO and California short sales experienced the largest increase in 3 years. And worse yet, this wasn't seasonal or regional. All 4 Major regions of the United States experienced the increase. Florida's distressed saturation rate is 30.6% as of Q1 2015. It's the start of a new wave of REO and short sales about to hit the market. What about California State Taxes after short sale and the California mortgage debt relief? REAL ESTATE: State moving on mortgage debt relief Considering a Short Sale in Sacramento, El Dorado...
Short Sales in Sacramento are up in 2015
[caption id="attachment_18508" align="aligncenter" width="300" class=" "] Short Sales in California are many times the reason for a foreclosure sale postponement[/caption] Short Sales in Sacramento are certainly up lately,California short sales and foreclosures up 2.2 percent Q1 2015 and as I look for reasons I come across information showing that Short Sales in California as a whole are increasing. Sacramento Short Sales are poised to increase further, as California is up 58 percent in Bank Repossessions (24-month high). The percentage of short sales and foreclosures advanced 2.2 percent in the first quarter of 2015, the largest increase seen since 2012. The new home distressed data from Clear Capital, shows that many areas are still struggling to recover from the losses seen during the...
Choosing the right type of home loan: In Today’s Sacramento Real Estate Market, Which Home Loan is Best For Me?
Which Home Loan is Best?How do I Decide on a Home Loan?Sacramento Home Buyers frequently ask me if What Type of Home Loan Should I Get? Choosing the right type of home loan is an important part of the process. There are a few things you should be clear on as a home buyer, even before you Decide on a Home Loan. First : No matter Which Home Loan You Decide to use, its best to be clear about certain points- How long do I plan to live in this house? Where do I see myself in five or ten years? Do I have to or want to make home improvements? Do I want to keep cash on hand for other investments? Can I take financial risks? Do I...
New Construction Homes in Folsom, Reasons to buy new!
Over the last several months, in this highly competitive Folsom real estate market, we have asked our buyers: "Have you ever considered New Homes in Folsom?" The answers have been from "are there any New Construction Homes in Folsom?"or "what New Homes in Folsom?" to "Oh we could probably never afford a new home in Folsom!" Well, more often than not, buyers are surprised to find that yes, there are several new home builders in Folsom and all new homes in Folsom have surprising upgrades, energy efficiency, (and savings), and many other benefits over the resale homes. New Construction Homes in Folsom are Back and better than ever! It's common sense that there are some things you just can't get with new homes and we will cover them later but for now, lets talk...
Short Sale Seller’s Tax Break Ends 2013
[caption id="attachment_5993" align="aligncenter" width="262"] When Does the Mortgage Debt Relief Act end? Will I owe taxes on my short sale?Mortgage Debt Relief Act 2007 sunsets soon.[/caption] Is there Tax due after a short sale? Mortgage Debt Tax Relief To Sunset? When does the Short Sale Seller's Tax Break End? Troubled Sacramento homeowners who's short sale closes after Dec.31, 2013 will still get a break from their mortgage lenders, but could face a hefty tax bill next year after key provision that expires at the end of the year. Homeowners who live in California states, like California, where mortgages are non-recourse—that is, where they aren’t personally liable for the unpaid balance—may avoid the potential tax hit even if Congress doesn’t act, according to a letter sent by the...
It’s Time to Change Home-Buying Strategies!
It’s that time of year again, there’s a slight chill in the air, the leaves are turning vibrant colors, and its pumpkin spice everything. Autumn is upon us. It's time for the seasons to change, and if you are a homebuyer, many real estate experts say it is also time to change your home-buying strategies. Although, the fall real estate market sees less activity than the summer selling season, there are still numerous ways for buyers to get a great home for a great price. Let’s take a look at the benefits of fall buying, and discover a few ways to minimize the drawbacks. 1: Mortgage rates are at a historical low This fall, the home buying market is unique because current mortgage rates are...
Don’t Give Up Hope! Mortgage Programs Available to Help!
If you think you don’t qualify for a mortgage, don't give up! There may be hope—if you know what to ask your lender. Currently, there are a variety of programs that were created in order to help people refinance an existing mortgage or purchase a home. In addition, there are policy changes that have begun opening doors for some borrowers. Therefore, there are several options to consider, depending on what your situation is. 1. If you are retired: In the past, a lender would have told a pension-less retiree that they needed to show they were taking regular distributions of a certain amount in order to cover their mortgage payments. But now, balances in retirement accounts can be used to determine mortgage eligibility—without touching...
Act Quickly! Sacramento Real Estate Prices on the Rise!
Over the course of the past few months, Sacramento home prices have started rising twice as fast as the national average! They are rising even faster than the pace set during much of the last housing boom. The median home price in Sacramento County grew by 22.4 percent, in the time period between January 2012 and January 2013. That's the second-largest January-to-January Sacramento County home price increase in the last two decades. The last time this happened, it was the 2005 peak of the housing boom. For the last few decades, Sacramento County has endured successive real estate booms and busts, each one larger every time. It seems as though another boom is upon us. Nevertheless, certain real estate experts have argued previously that...
Have you heard? Sacramento real estate is Booming!
Have you heard? Real estate in Northern California is booming! Especially in the Sacramento housing market, which was actually among the hardest hit of any in the country during the collapse of the housing bubble. Over the past year, the Sacramento area has actually had the largest gains of any metro region. Data suggests that sagging housing prices, are beginning to rebound with incredible strength. Five of the top 10 cities with the fastest national growth are located in Northern California and two more are in the Southern California. During much of the 2000s, loose financing had led to an oversupply of housing being built in the San Francisco Bay Area's far outlying suburbs. Since the crash, there had been very little new...
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