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Recent Blog Posts
Category Archives: Refinance
URGENT: Homeowners Tax Exemption Extended Through 2013
The 2007 Mortgage Debt Relief Act, which was scheduled to expire at midnight on December 31, 2012, has been extended for one year as a result of the “fiscal cliff” deal struck between Congress and the president. The Senate included … Continue reading
Posted in 1099 taxes, California real estate, California tax exemption, Cash out refi, Debt forgiveness, Deed in Lieu, Distressed Homeowners, Fiscal Cliff, Foreclosure, Foreclosures, Form 982 tax exemption, Homeowners Exemption, Insolvency Exemption, Mortgage Debt Relief Act, Mortgage Deficiency, Non-recourse loan, Personal Residence, Principal residence, Principle reduction, Purchase Money Mortgage, Refinance, Short sale, Underwater
Tagged 1099 Tax, Debt Forgiveness, Deed in Lieu, Distressed homeowners, Insolvency Exemption, Loan modification, Mortgage Debt Relief Act, Non-recourse, Principle Reduction, Purchase money, Recourse, Short sale, Short Sale guidelines, short sales, Underwater
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Lenders Pushing Back on HARP 2.0
The blogosphere is chock-full of articles announcing the most recent and substantial changes to the federal government’s HARP 2.0 refinance program. The most significant and widely touted change to the program is its elimination of loan to value ratios that … Continue reading
Posted in California real estate, HARP, HARP 2.0, Loan to Value, Refinance, Uncategorized, Underwater
Tagged Distressed homeowners, Financial hardship, HARP, HARP 2.0, Refinance, Underwater
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