Folsom Short Sale Specialist Announces Debt Relief Act Extended
[caption id="attachment_5900" align="aligncenter" width="400" caption="Mortgage Tax Relief Extended"][/caption] California state Taxes after short sale Folsom Certified Short Sale Specialist: what about California's Mortgage Debt Relief Act? Short Sales, Foreclosures and loan modifications are still non taxable events as far as federal taxes are concerned... the Mortgage Debt Relief Act of 2007 provisions have been extended. Mortgage Debt Relief Act of 2007 generally allows taxpayers to exclude income from the discharge of debt on their principal residence. The “American Taxpayer Relief Act of 2012’’ extends mortgage cancellation relief for home owners or sellers who have a portion of their mortgage debt forgiven by their lender, typically in a short sale or foreclosure sale for sellers and in a modification for owners. Without the extension, any...
Lease Back Program Allows Upside Down Homeowners To Stay and Lease Back!
[caption id="attachment_5912" align="aligncenter" width="670" caption="Certified HAFA Specialist Explains Lease Back Provision"][/caption] Folsom Short Specialist Forth Hoyt explains Short Sale Lease Back Program. Short Sale and Stay in Home! Short Sale Lease Back! Certified HAFA Specialist Can Negotiate to Let you Stay! The Short Sale Lease Back Program Has Been Approved! Its the closest thing out there to a loan mod with a principle reduction... There's new pilot program that is providing a more attractive solution for homeowners who cannot afford their homes but have valid economic hardships and steady incomes to afford a lease payment. -This could be monumental and game-changing, as it will essentially allow a principle reduction to market value. The HAFA guidelines were changed last year and a provision was added that...
Homeowner Bill of Rights Contains Significant Mortgage And Foreclosure Reforms
[caption id="attachment_5878" align="aligncenter" width="350" caption="Gov. Jerry Brown signs the Homeowner Bill of Rights"][/caption] On July 11, 2012, California Governor Jerry Brown signed the California Homeowner Bill of Rights into law. The law goes into effect on January 1, 2013. The Homeowner Bill of Rights is actually a series or package of bills designed to protect homeowners and communities. The California Homeowner Bill of Rights is designed to bring fairness, accountability and transparency to the California's mortgage and foreclosure process. The bill marks the third step in Attorney General Kamala D. Harris’ response to the state’s foreclosure and mortgage crisis. Her first step was to create the Mortgage Fraud Strike Force, which has been investigating and prosecuting misconduct at all stages of the mortgage process....
Short Sale Mortgage Debt Relief: Taxed In 2013
[caption id="attachment_5851" align="aligncenter" width="500" caption="Sacramento Short Sales will become taxable in 2013"][/caption] Short Sale Tax, Loan Modification Tax and Foreclosure Tax... And you thought your only problem was a mortgage that had bloated out of hand... Forth Hoyt, Certified Sacramento Short Sale Agent explains: The Mortgage Debt Relief Act of 2007 will expire on December 31 2012. Now the IRS is going to want to tax you at regular income tax rates, for the mount the banks write off in your foreclosure, loan modification or short sale... Directly from the IRS Website: The Mortgage Debt Relief Act of 2007 generally allows taxpayers to exclude income from the discharge of debt on their principal residence. Debt reduced through mortgage restructuring, as well as mortgage debt forgiven in...
Folsom Short Sales! Brand New Short Sale Program Allows Sellers To Stay In Home! Supplemental 11-02
[caption id="attachment_5681" align="aligncenter" width="436" caption="Happy Folsom Family Stays After Short Sale"][/caption] Seller Stays In Home After Folsom Short Sale! Folsom Certified HAFA Short Sale Specialist Forth Hoyt, Announces New HAFA Supplemental Guidelines: A Brand New Program May Allow Folsom Short Sale Homeowners To Stay! Newest HAFA Guidelines May Allow Families To Stay In Their Home After A Short Sale! It's Almost as good as a principle reduction in Folsom to today's market value! You see the Home Affordable Foreclosure Alternatives ( HAFA) program in the past required that a short sale be an “arm’s-length” transaction, meaning the buyer and seller could not be related and could not have had a prior prior agreement for the homeowner to stay in the property after a short...
Folsom Short Sale Agent Answers: Who Owns My Loan? Fannie Mae or Freddie Mac?
Who owns your loan Fannie Mae or Freddie Mac? How do I find out who owns my loan? As a Sacramento Short Sale Specialist and a Multi-Certified Short Sale Negotiator, there are several tools we use nearly every day here as Folsom short sale Specialists at The Sacramento Short Sale Center, in our research of the mortgages in the short sale files we are negotiating. One example are the easy quick links that Fannie Mae and Freddie Mac have provided for homeowners to look and see if they are tho owners of their note, or are the "investor". Loan modification and short sale guidelines and policies are very, very investor and servicer specific, so it is a very good idea to know who...
HAFA Specialist in Sacramento, CA Reports HAFA Extension and Update
[caption id="attachment_5556" align="aligncenter" width="300" caption="Sacramento CA Certified HAFA Short Sale Specialist Forth Hoyt"][/caption] HAFA Extension and Update: HAFA short sale program has now been extended through December 31, 2013. Read about the Sacramento CA HAFA Short Sale Program and Archive for the 'HAFA GUIDE AND HAFA NEWS' Category. HAFA Short Sales in Sacramento, CA are increasing and HAFA guidelines have become the benchmark for negotiating second loans in short sales. If you upside-down on your Sacramento mortgage and are in need of a short sale and qualify for the HAFA Short Sale program it can be of great benefit to you. It allows the seller to receive up to $3,000 for moving expenses upon completion of the short sale, (HAFA cash for keys) called relocation assistance. In...
Certified Short Sale Expert Sacramento, CA
When you know you need answers, need to know your options and have questions about your situation... Contact a Certified Short Sale Expert in Sacramento Trained and Certified to Short Sale Sacramento Real Estate; Trained and Certified to Negotiate With your Bank On Your Behalf: Certified Short Sale Expert Sacramento My Certifications Include: CRS, CDPE, Certified HAFA Specialist, PFC, RDCPro, A-REO, SFR, SRES, e-PRO, Master's Club Life Member Certified Mortgage Resolution Specialist Certified Home Retention Specialist Certified Pre-Foreclosure Specialist Short Sale And Foreclosure Resource Designation I collaborate with many of the nations top Short Sale Specialists and stay on the cutting edge of the newest default industry developments, guidelines, procedures and trends... Questions About Your Situation? We are Certified and trained to help you through the short sale process. The certified short sale specialists at...
Unaffordable Mortgage? How To Start A Loan Modification
[caption id="attachment_5292" align="aligncenter" width="350" caption="Loan Modification Help In Sacramento"][/caption] Has your mortgage payment become unaffordable? Considering a loan modification in Folsom, El DorAdo Hills, Roseville, Natomas, Elk Grove or West Sacramento? Need someone to help with your Sacramento area Loan Modification? Read more and check Government Foreclosure Prevention Program Eligibility here. Homeowners never want to lose their home. And it's never an easy decision for an underwater homeowner or investor to do a short sale or strategic default. As a Certified Short Sale Specialist and an experienced short sale agent, I spend much of my time talking to homeowners in Folsom, El Dorado Hills, Shingle Springs, Cameron Park, and even West Sacramento, Roseville, Rocklin, Natomas and Elk Grove and the entire Sacramento area who...
Newest California Foreclosure Timeline
[caption id="attachment_5235" align="aligncenter" width="480" caption="Newest California Foreclosure Timeline Graph"][/caption] Sacramento Short Sale Specialist and Certified Foreclosure Options Specialist Forth Hoyt Answers The Most Common Questions About Foreclosure Time Lines In California- How much time do I have in my home? Am I in Foreclosure? What is the foreclosure process time line? How long till the bank forecloses? How long does it take the bank to foreclose? What is the foreclosure process and how much time does foreclosure take? What is California's newest foreclosure timeline? I talk to people all day long who have the same questions... these have been a source of many of my posts here... The answer is: it depends; nearly every homeowners experience is different... I personally know people who were foreclosed on in less than eight...
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