San Diego Real Estate Cafe by Krista Lombardi
Archive for the 'Seller’s Cup’o'Joe' Category
Cat’s Out of the Bag – News Coming Soon to Short Sales Near You
Short on change these days? Know someone who has been laid off?
Do you remember the Mortgage Debt Relief Act of 2007? That’s where if you had an upside down unpaid principle as a result of your modification, your short sale or foreclosure, The IRS would NOT (repeat NOT) come after you for your taxable amount, depending on your tax bracket.
Let’s say you were 100,000 dollars short on a short sale or something like that. Well you could be looking at around $30,000 on that short sale or foreclosure that you would be on the hook to the IRS for and I can guarantee you that in California a lot of people are $100k under or more.
Well, the mortgage debt relief act of 2007 gave you relief from paying this.
Guess what?!? Here it is guys, this is set to expire on December 31st of this year. This year is close to being half over, so regardless of the date, that is really just around the corner. Right now President Obama has it in his budget, but the whimsical nature of congress with an election year upon us could make this a hotbed topic and it very well could get completely scrapped.
So if you’ve got friends or you yourself are considering a short sale or even worse staring down the barrel of a foreclosure and not being so responsive to your marketing efforts or your enquiries with them. I mean, if you are one of the whopping 11.1 million people that are risking the foreclosure point and need to list your house and with god speed you might be able to get it thing closed prior to the Acts expiration date, now is the time to do it. Really? Yes, really.
The savings will be tens of thousands of dollars that could be saved to get you out of a precarious situation and bring a little relief and some help.
For more info on short sales so you can get some real estate relief, contact me at kristalombardi@gmail.com
3781 Mount Acadia Blvd
*** Not listed on the MLS, this WONDERFUL SAN DIEGO HOME AWAITS YOU***
This Charming Big 4Bed/2Bath Home is Ready & is Just Waiting For YOU & your FAMILY to Call it Your OWN!
A Perfect Centrally Located Home in Clairemont! Features a spacious living room, kitchen, master bedroom, & an overall light, bright, & airy floor plan with a glorious backyard garden to die for!
Perfect Location! With major freeways within minutes away, this home is CLOSE TO EVERYTHING that AMERICA’S FINEST CITY HAS TO OFFER! Great neighborhood, schools, shops, parks & more!
Big Bucks From Short Sales!
A lot of the banks are offering incentives to sell your property short. $6,000, $20,000, some even say $40,000. But not everyone has been able to get their hands on the big money from the banks to sell their property short, so, let’s clear the air on this big short sale incentive that is offered by Chase (and also Citi and SPS, and others.)
I do not work for a bank and never have, everything I say here is based on my own experiences working with banks and closing short sales.
Qualifying for the incentives
Here’s the meat and potatoes of it, Chase is a servicer, and while they likely
BIG Incentives to Sell Your San Diego Real Estate!
There are a lot of Short Sale Incentive programs out there these days!
Of course, there is everyone’s favorite—HAFA which gives the seller $3,000.00 at close of escrow. Then, there is also the Bank of America Cooperative Short Sale Program which we closed recently and got the sellers $2,000.0o, there’s TAP, and there are even short sale incentives offered by such banks as Citi, Wachovia, and Litton Loan Servicing. But, the biggest short sale incentive of all
Temecula Paradise
Wonderful Banker’s Hill Home
How’s The Market In North Mission Hills, San Diego, CA., 92103?
One of the best neighborhoods in San Diego!
As agents how many times per week do we get this question? Mission Hills is the community that I live in and I actually received this question this morning at our local Starbucks. I was sure glad that I had just pulled the numbers the other day and still had them fresh in my head. The Mission Hills housing market doesn’t see huge amounts of turnover thus it’s coveted for it’s stability It’s beauty, charm, location and overall energy are other attributes that San Diegans’ love about this neighborhood. Read the rest of this entry »
Help for Californian’s Who Want To Keep Their Homes
Your home doesn't have to end up like this.
Do you know someone who’s financial situation has changed and is having trouble keeping up with their mortgage? San Diego’s real estate market is doing better then before and better than the national average but we still need assistance programs to help our housing market I’ve been hearing about this program for a while offering assistance to homeowners who have the potential to go into foreclosure. The name of this program is Keep Your Home California. This program is designed to help low to moderate income families avoid foreclosure thus keeping their home and not becoming another statistic. Read the rest of this entry »
Top 7 Things to Do in San Diego This Week!
The after-holiday, back to work time has come and San Diego still has plenty to enjoy so have fun at your attractions and events with less lines and more time.
Here are our picks of the Top 7 Things To Do. Enjoy!
1. Sunday Jan 9th – The Secret Garden
Award-winning show Broadway show based on the classic story by Frances Hodgson Burnett.
2. Monday Jan 10th – Salchata Mondays
in Old Town! Margaritas and dancing in the heart of the Birthplace of California 7.30-8.30 pm.
Crime Doesn’t Pay in Real Estate
Or sometimes it does.
What can you do? You’re job is relocating you to a different city and your wife is pregnant. The condo that you live in is too small for you, your wife, and your two-year old and you need to sell it to move 100s of miles away for work. You scrape together all your money since your wife isn’t working anymore, chip away at your savings and pay the mortgage every month.
But at what price?
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