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If you’re new here, you may want to subscribe to my RSS feed. Thanks for visiting!Homeowners today who can’t make their house payments and find themselves in a financial hardship may inevitably be faced with two options, a short sale or a foreclosure. I don’t think there would be much debate on the subject. If [...]
How can three words say so much? Every Saturday morning “Good Morning America” features a segment where viewers submit their own video’s and hold up a sign expressing their thoughts, which are only printed and not spoken If you have never seen it, the displays make a profound statement.
When my daughter used to watch that [...]
The most exciting piece of legislation in the soon-to-be enacted housing relief bill is the tax benefit for first-time home-buyers. First-time home-buyers will be eligible for a tax credit of up to $7500 towards their federal income taxes provided they meet the income requirements. The tax credit isn’t a complete giveaway; buyers will have to [...]
Foreclosure’s are increasing in Pasadena. The map below indicates properties in some stage of the foreclosure process. The colors represent what category the property is in. A green pin means that the property is in the “preforeclosure” stage. A notice of default has been filed informing the owner that unless the debt is brought current [...]
When a property owner becomes delinquent in their house payments they can attempt what is known as a short sale. A short sale indicates that the proceeds of the sale will not cover the debt on the house, indicating the lender will be taking a loss. The question then becomes how much loss is a [...]
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