How Do I Short Sale My Home?

by Israel on August 25, 2010

Short selling is a unique process where certain specifics must be met in order to proceed. If the home still provides enough value for the bank to break even by going to foreclosure, then a short sale may not be possible. However, this isn’t set in stone — every bank and every agent is different, [...]

{ 0 comments }

Can I do a Short Sale If I Still Have Savings?

by Israel on August 12, 2010

Your property may be upside down and you may be looking to get out from underneath it. You’re not in dire financial straights, but things could be better and the monthly payments certainly aren’t helping. If this sounds like you, you may be asking if you could short sell your home.
The short (no pun intended) [...]

{ 0 comments }

What is a Short Sale?

August 2, 2010

You may have heard the term “short sale” thrown around quite a bit by the media since the housing bubble burst, but it’s easy to mistake the phrase. Despite the word “short” in there, a short sale has nothing to do with height or duration; instead, it simply means that you’re selling your property short [...]

Read the full article →

Should I add business contacts as Facebook friends?

June 30, 2010

Social networking is a key aspect of business these days, and Facebook is a critical driver of this. While you may have a Facebook Fan Page for your business, the line between personal and professional could have gotten very blurred as vendors and clients added you as Facebook friends. Before you agree to those, take [...]

Read the full article →

What is the difference between LinkedIn and Facebook?

June 21, 2010

For some professionals, dipping into the social media realm may be a little intimidating. They may have seen their kids on MySpace or heard their colleagues talk about Facebook; they might have even received a LinkedIn invitation, but the whole this is just a bit too out there.
Any sort of technology paradigm shift can feel [...]

Read the full article →

Professional Social Networking

June 17, 2010

When was the last time an old high school friend added you on Facebook? How about the last time an old coworker added you on LinkedIn or when a client sent you a Tweet on Twitter? Like it or not, social media has integrated itself not just into our personal lives, but also our professional [...]

Read the full article →

What is Mello Roos?

June 16, 2010

Mello Roos may sound like an exotic drink, it’s actually something critical to the California real estate community. Mello Roos gets its funky name from two people: Senator Henry Mello and Assemblyman Mike Roos. The true name for Mello Roos is the Community Facilities District Act. It’s a provision that lets local government agencies establish [...]

Read the full article →

Things To Know When Buying A Home

June 15, 2010

Maybe you’ve got some cash saved up and you’re looking to buy a home while the market has dipped. You’ve got your budget, contacted a realtor, and are ready to go. What’s next? Here are a few simple things you’ve got to know before you take that plunge.
First off, know your limits. Part of the [...]

Read the full article →

What happens if I stop paying a second mortgage?

June 14, 2010

Let’s see if you’re in this situation: your home is upside down in value and you’ve got a second mortgage. If that’s what you’re facing, you might be wondering about the issue of foreclosure — and you’re probably wondering if you can stop paying the second mortgage.
Well, the answer may not be what you want [...]

Read the full article →

What taxes will I have to pay if I short sell?

June 10, 2010

If you’ve recently short sold your property in California, you might be in for a nasty surprise when you process your taxes. The money from your home sale can be tagged as income even in a short sale, and that will only add insult to injury.
The good news is that politicians have heard the will [...]

Read the full article →

← Previous Entries