Debt Forgiveness Act | Kristin Duncan | Short Sale Negotiation | Transaction Coordinator
Kristin Duncan | Short Sale Negotiation | Transaction Coordinator Since 2007, homeowners whose banks have forgiven unpaid mortgage debt after a short sale, principal reduction or foreclosure have not had to count that money as income on their tax returns. It’s meant savings of tens of thousands of dollars on the so-called “phantom income” depending on the amount of debt canceled and a person’s tax bracket. But the Mortgage Forgiveness Debt Relief Act of 2007 will sunset Dec. 31. With just six months before the scheduled expiration,...
read moreGreen Tip | Kristin Duncan | Short Sale Negotiation | Transaction Coordinator
Kristin Duncan | Short Sale Negotiation | Transaction Coordinator With oil and natural gas prices rocketing, stoking terror of long, cold and and expensive winters, a renewed interest in keeping heating costs under control has has been sparked. Homeowner’s have an ignited passion in understanding energy saving methods. If you’re in this boat, stuck in cold waters, here are some tips for energy saving tricks of the trade. If you’re living in a home with a furnace that’s more than 20 years old, you may have already...
read moreMarket | Kristin Duncan | Short Sale Negotiation | Transaction Coordinator
Market | Kristin Duncan | Short Sale Negotiation | Transaction Coordinator If you own real estate or are thinking of buying real estate then you better pay attention, because this could be the most important message you receive this year regarding real estate and your financial future. The last five years have seen explosive growth in the real estate market and as a result many people believe that real estate is the safest investment you can make. Well, that is no longer true. Rapidly increasing real estate prices have caused the real estate...
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Short Sale Information When J. D. Tucker and his domestic partner split up, the distress went beyond heartache. He became a single father with five adopted children, and only one income. It wasn’t enough to pay the mortgage on their south St. Louis home. He bought it at the height of the housing boom. He owed $265,000 on a house now valued at only about $155,000. He fell behind on the mortgage. “You start getting notices that they were going to foreclose on it,” he said. Instead, Tucker took an option that’s gaining popularity...
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California Short Sale Information BILL NUMBER: SB 458 CHAPTERED BILL TEXT CHAPTER 82 FILED WITH SECRETARY OF STATE JULY 15, 2011 APPROVED BY GOVERNOR JULY 11, 2011 PASSED THE SENATE MAY 23, 2011 PASSED THE ASSEMBLY JULY 1, 2011 AMENDED IN SENATE MAY 16, 2011 AMENDED IN SENATE APRIL 4, 2011 AMENDED IN SENATE MARCH 21, 2011 INTRODUCED BY Senator Corbett (Principal coauthors: Senators Correa and Vargas) (Coauthors: Assembly Members Blumenfield and Skinner) FEBRUARY 16, 2011 An act to amend Section 580e of the Code of Civil Procedure, relating to...
read moreCalifornia Lending Rate | Kristin Duncan | Short Sale Negotiation | Transaction Coordinator
California Lending Rate | Kristin Duncan | Short Sale Negotiation | Transaction Coordinator As the employment situation continues to raise concerns, fixed rates fell even lower, slipping yet again to new record-lows, according to a survey from Freddie Mac released Thursday. The 30-year fixed-rate mortgage averaged 3.67 percent (0.7 point) for the week ending June 7, falling from last week’s average of 3.75 percent. Last year at this time, the 30-year fixed was 4.49 percent. The 15-year fixed rate declined even further below 3 percent to 2.94...
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