Tuesday, November 16, 2010
Saturday, September 25, 2010
Friday, August 20, 2010
Financial Incentives to Seller - For Short Sales
For the majority of homeowners in distress, a short sale is currently the best answer for them. To assist the housing crisis across America, our government is offering tremendous incentives to lenders to cooperate with short sale transactions.
Monday, August 16, 2010
Short Sale Approval Letter - Protect your Sellers
When completing a short sale we do not always have control what is stated in that Approval Letter. So lets say the seller does not want to move forward in the sale due to the fact that the bank will not completely release the seller from any future liability. What do you do?.. .Well you already have a ratified contract and if you don't move forward you violated the contract..specific performance. So I have found that the best way to avoid this is to make sure you have good verbiage in your counter offer regards to the seller approval of said bank approval letter. It pays to have a certified short sale specialist on your side. After completion of 3 certification there is still always something new to learn...
Be Nice to you Asset Manager
I remember a short sale I completed a long time ago. At that time I was not educated on how to do them and new it would be hard. This was before there was ever any training available. I going through the process and new the importance right away of calling them at least one time a week for updates. Well I was quite the nag and known to be one. Each time I called the bank needed something new or they lost something and I had to resend it. It was one of the most frustrating processes that I ever experienced. I kept my cool... deep breathes and patience. As I was spinning my wheels one afternoon I received a call from the asset manager. She acknowledged that she received the HUD once before and lost it. Instead of getting mad, I just stated "no problem" I will send it again. She said to me "you are so nice to me Linda I am sending this file to management today for approval". Within 2 days I had a beautiful approval with all the verbiage in it that I wanted to protect my seller. So there you have it. Want things done...easy with honey than anything else..
Friday, May 28, 2010
Super Cute Arbuckle Home
Cute Arbuckle Home
31 Midway, Arbuckle, 95912 View Map
Super cute home situated on a nicely sized lot in Arbuckle. 3 bedrooms, 2 baths, spacious family room with tile flooring, nice size dining area. Across the street is a open field. Don't miss out on this one. It will go fast!!
Details
Asking Price:
79,900
Sq. Feet:
1088
Lot Size:
6098
Bedrooms:
3
Bathrooms:
2
# of Floors:
1
HOA/Maintenance Fees:
n/a
Year Built:
1981
All information is deemed reliable but is not guaranteed.
Saturday, April 10, 2010
Sunday, January 31, 2010
Wednesday, May 06, 2009
Monday, March 23, 2009
Great Home in Winter, CA - Its a Deal
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Thursday, March 12, 2009
Gorgeous Arbuckle Property - 7648 Mumma Road
Lovely Country Home- 10 Acres
7648 Mumma Road, Arbuckle, CA 95912 View Map
Welcome Home. This country property is awesome! Experience the tranquality that this home and property has to offer.
Lovely secluded country home located in Arbuckle. Features a beautiful updated kitchen with granite counter tops, and newer appliances, separate family & living room, fireplace, beautiful landscaped yards, outbuildings, detached study/workout room, assorted fruit trees, a handsome & good producing almond orchard on drip, district water available. Views of the Sutter Buttes. You truly are in a peaceful and tranquil location.
Details
Asking Price:
$575,000
Sq. Feet:
1900
Bedrooms:
3
Bathrooms:
2
Sunday, August 17, 2008
Losing your home- You have options. Protect Yourself
HELP YOURSELF OR SOMEONE THAT YOU KNOW!
Before You Give Up Your Home, Know the Facts because.... You Have Options! You Can Save Your Home or At Least Protect Yourself.
What happens when you imagine receiving a 1099 form from the IRS after a foreclosure or short sale showing the taxes you owe. Despite the new law, in some cases, you will still receive an IRS Form 1099 and incur substantial tax liability!!!
Will you still have substantial dept even without your home? If so, neither the foreclosure nor short sale really helps you!
Could you keep your home if you did not have to pay the second mortgage or HELOC? If the value of your home is lower than what is owned on the first mortgage, we can strip the second mortgage (or HELOC), and you will not have to pay it.
Does a foreclosure or short sale affect your credit as much as a bankruptcy? In more cases, it is worse than a bankruptcy and takes longer to recover.
Talking to a good bankruptcy attorney does not mean you have to file bankruptcy. While it may be the best solution, it is not the only one.
I know how you feel, and others have felt the same, and then they found that speaking with a trained professional to understand exactly what their liability was and what they should do about was their best option.
Protect yourself! If you are struggling in making your mortgage payment or jeopardizing in losing your home and have to consider a short sale or foreclosure, I will recommend an attorney that has helped many homeowner, realtors, and believe it or not...mortgage brokers that are in the same position as you.
Call me for details or just email me at: l.pillard@gmail.com and I will gladly help you get connected with the Team that has helped so many homeowners like yourself
Before You Give Up Your Home, Know the Facts because.... You Have Options! You Can Save Your Home or At Least Protect Yourself.
What happens when you imagine receiving a 1099 form from the IRS after a foreclosure or short sale showing the taxes you owe. Despite the new law, in some cases, you will still receive an IRS Form 1099 and incur substantial tax liability!!!
Will you still have substantial dept even without your home? If so, neither the foreclosure nor short sale really helps you!
Could you keep your home if you did not have to pay the second mortgage or HELOC? If the value of your home is lower than what is owned on the first mortgage, we can strip the second mortgage (or HELOC), and you will not have to pay it.
Does a foreclosure or short sale affect your credit as much as a bankruptcy? In more cases, it is worse than a bankruptcy and takes longer to recover.
Talking to a good bankruptcy attorney does not mean you have to file bankruptcy. While it may be the best solution, it is not the only one.
I know how you feel, and others have felt the same, and then they found that speaking with a trained professional to understand exactly what their liability was and what they should do about was their best option.
Protect yourself! If you are struggling in making your mortgage payment or jeopardizing in losing your home and have to consider a short sale or foreclosure, I will recommend an attorney that has helped many homeowner, realtors, and believe it or not...mortgage brokers that are in the same position as you.
Call me for details or just email me at: l.pillard@gmail.com and I will gladly help you get connected with the Team that has helped so many homeowners like yourself
Sunday, July 20, 2008
Can't Make Your Mortgage Payment? Watch Out For The IRS!!
Before You Give Up Your Home, Know the Facts because.... You Have Options! You Can Save Your Home or At Least Protect Yourself.
What happens when you imagine receiving a 1099 form from the IRS after a foreclosure or short sale showing the taxes you owe. Despite the new law, in some cases, you will still receive an IRS Form 1099 and incur substantial tax liability!!!
Will you still have substantial dept even without your home? If so, neither the foreclosure nor short sale really helps you!
Could you keep your home if you did not have to pay the second mortgage or HELOC? If the value of your home is lower than what is owned on the first mortgage, we can strip the second mortgage (or HELOC), and you will not have to pay it.
Does a foreclosure or short sale affect your credit as much as a bankruptcy? In more cases, it is worse than a bankruptcy and takes longer to recover.
Talking to a good bankruptcy attorney does not mean you have to file bankruptcy. While it may be the best solution, it is not the only one.
I know how you feel, and others have felt the same, and then they found that speaking with a trained professional to understand exactly what their liability was and what they should do about was their best option.
Protect yourself! If you are struggling in making your mortgage payment or jeopardizing in losing your home and have to consider a short sale or foreclosure, I will recommend an attorney that has helped many homeowner, realtors, and believe it or not...mortgage brokers that are in the same position as you.
Call me for details or complete the form below, and I will gladly help you get connected with the Team that has helped so many homeowners like yourself.
What happens when you imagine receiving a 1099 form from the IRS after a foreclosure or short sale showing the taxes you owe. Despite the new law, in some cases, you will still receive an IRS Form 1099 and incur substantial tax liability!!!
Will you still have substantial dept even without your home? If so, neither the foreclosure nor short sale really helps you!
Could you keep your home if you did not have to pay the second mortgage or HELOC? If the value of your home is lower than what is owned on the first mortgage, we can strip the second mortgage (or HELOC), and you will not have to pay it.
Does a foreclosure or short sale affect your credit as much as a bankruptcy? In more cases, it is worse than a bankruptcy and takes longer to recover.
Talking to a good bankruptcy attorney does not mean you have to file bankruptcy. While it may be the best solution, it is not the only one.
I know how you feel, and others have felt the same, and then they found that speaking with a trained professional to understand exactly what their liability was and what they should do about was their best option.
Protect yourself! If you are struggling in making your mortgage payment or jeopardizing in losing your home and have to consider a short sale or foreclosure, I will recommend an attorney that has helped many homeowner, realtors, and believe it or not...mortgage brokers that are in the same position as you.
Call me for details or complete the form below, and I will gladly help you get connected with the Team that has helped so many homeowners like yourself.
Thursday, June 19, 2008
Thursday, May 08, 2008
Tuesday, May 06, 2008
Property Taxes - You may be paying to much!
DON'T OVERPAY... FILE A PROPERTY TAX APPEAL
Property taxes seem to jump up year after year. Unfortunately, we've become so accustomed to rising taxes that it's no longer a surprise. But here's something that may surprise you. Did you know that over the last eight years, property taxes have actually outpaced even inflation? Those rising taxes - combined with the recent plateau in home values in some areas - mean you may be paying more than your fair share.
In fact, the National Taxpayers Union estimated that as many as 60% of home values were assessed too high, resulting in an incorrectly larger property tax bill.
Based on recent market activity and the rising property taxes across the country, there's a chance you may be in the group of people paying too much. In fact, homeowners in declining markets are receiving solicitations from companies that charge up to $250 to help lower property taxes. But with the steps below, you can work with your local County Assessor to lower property taxes for free...and save yourself the $250!
The good news: it's easy.
First, contact your local tax assessor's office and ask for someone in the reassessment area. Find out when appeals are heard, and how the process for submitting a property tax appeal works.
Additionally, ask for a copy of your property card. Review the card and confirm that the basic information about your property is correct. For example, is the square footage and number of rooms for your home accurate? If the number is incorrect, the county may change the assessment without a formal appeal. If everything on the property card is correct but the assessed value still seems too high, your next step is to gather the following documentation to support an appeal. And don't be surprised if the assessed value is lower than what you think the market value for your home is--many counties use a formula which uses a percentage of market value to determine assessed value. Ask what the formula is... because an assessment that is less than market value still might be too high.
If you have a current appraisal that supports the value being lower using recent market-value information, many counties will accept a copy of the appraisal with the appeal. If the appraisal is outdated, you can order a new one--just call me for a referral to a great appraiser. You can also visit the local assessor's office or search online, and look through the public records for other homes that have similar features to yours, but have lower assessments. They will be able to give you current market information for your neighborhood, and help you see how your market value and assessed value stacks up against your neighbors.
Submitting an appeal is generally a fairly simple process, but make sure to take the time to fill out all forms in advance and be prepared with your documentation if there is an in-person hearing that needs to take place.
More good news...
According to the National Taxpayers Union, about 33% of property tax appeals succeed! Taking the time to review the accuracy of a tax bill could easily save you hundreds of dollars per year, adding up to thousands of dollars during the time you own your home. Please feel free to contact me for more information on this money-saving tip.
Property taxes seem to jump up year after year. Unfortunately, we've become so accustomed to rising taxes that it's no longer a surprise. But here's something that may surprise you. Did you know that over the last eight years, property taxes have actually outpaced even inflation? Those rising taxes - combined with the recent plateau in home values in some areas - mean you may be paying more than your fair share.
In fact, the National Taxpayers Union estimated that as many as 60% of home values were assessed too high, resulting in an incorrectly larger property tax bill.
Based on recent market activity and the rising property taxes across the country, there's a chance you may be in the group of people paying too much. In fact, homeowners in declining markets are receiving solicitations from companies that charge up to $250 to help lower property taxes. But with the steps below, you can work with your local County Assessor to lower property taxes for free...and save yourself the $250!
The good news: it's easy.
First, contact your local tax assessor's office and ask for someone in the reassessment area. Find out when appeals are heard, and how the process for submitting a property tax appeal works.
Additionally, ask for a copy of your property card. Review the card and confirm that the basic information about your property is correct. For example, is the square footage and number of rooms for your home accurate? If the number is incorrect, the county may change the assessment without a formal appeal. If everything on the property card is correct but the assessed value still seems too high, your next step is to gather the following documentation to support an appeal. And don't be surprised if the assessed value is lower than what you think the market value for your home is--many counties use a formula which uses a percentage of market value to determine assessed value. Ask what the formula is... because an assessment that is less than market value still might be too high.
If you have a current appraisal that supports the value being lower using recent market-value information, many counties will accept a copy of the appraisal with the appeal. If the appraisal is outdated, you can order a new one--just call me for a referral to a great appraiser. You can also visit the local assessor's office or search online, and look through the public records for other homes that have similar features to yours, but have lower assessments. They will be able to give you current market information for your neighborhood, and help you see how your market value and assessed value stacks up against your neighbors.
Submitting an appeal is generally a fairly simple process, but make sure to take the time to fill out all forms in advance and be prepared with your documentation if there is an in-person hearing that needs to take place.
More good news...
According to the National Taxpayers Union, about 33% of property tax appeals succeed! Taking the time to review the accuracy of a tax bill could easily save you hundreds of dollars per year, adding up to thousands of dollars during the time you own your home. Please feel free to contact me for more information on this money-saving tip.
Sunday, April 06, 2008
What is a short sale???
A Short Sale is when the home is sold for less than what is owed on it due to market conditions, distress refinancing, or unfortunate circumstances of the seller. The Seller's real estate consultant will list the home for sale in alignment with current market conditions. Right now many homeowners owe more than their home is worth much due to the refinancing frenzy. Upon receiving an offer, negotiations are completed between the seller and buyer, at that time the offer is presented to the bank. The banks process is lengthly and unpredictable. It could take 1-2 months before the seller receives an approval or counter offer from the bank. A short sale will preserve your credit at a higher rating than a foreclosure. Also check into completing a bankrupcty in instead of a short sale. It may be a better solution. Check with your tax attorney and/or tax advisor then decide what option is best for you! If you have any questions don't hesitate to contact us. We are here to help you!
Friday, April 04, 2008
Bank Owned Properties - Deal or NO Deal?
Foreclosure filings in February are up 60 percent from a year ago. Did you know that Miami Dolphins quarterback Dan Marino also attempted to auction off his Florida home last month, and the there is Michael Jackson's with his Neverland Ranch that is in default and scheduled for auction this May.
Good news is that the Senate came to a tentative deal on Wednesday to help homeowners facing foreclosure and buyers who are buying foreclosures. In whats thought to be the biggest gift in U.S. history, the Senate has agreed to give a $7,000 tax credit to any person who buys a foreclosed home.
Auctions can be a quick way to come out with a great deal, but they can also drain your wallet, if you're not prepared. For Tips to think about before you make an offer or go to an auction, please contact me for the details that will help you make a Deal...or no deal.
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