Category Archives: Distressed Property
Digital Assets in Estate Planning; Mortgage Crisis Scams; Loan Modification and Other Mortgage Workouts
One of the more-frequent situations that estate planners have to deal with, along with executors to wills, is the existence and growing popularity of digital accounts and other online assets, such as email, social networking sites like Facebook and its … Continue reading
Posted in Asset Protection, Distressed Property, Estate Planning, Loan Modification, Residential Real Estate, Short Sale, Strategic Foreclosure
Tagged account usernames, advertising, database, digital assets, executor of an estate, Facebook, iCloud, Instagram, real estate, scam, social networking sites
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What To Do With Your Underwater House: Options Include Loan Modification, HARP, Short Sale, Foreclosure
We have written before about the current situation across the country in which so many homeowners have mortgages that are underwater. The coming tsunami of foreclosures on distressed properties is bound to have an impact on the slowly recovering real estate market. … Continue reading
Posted in Distressed Property, Loan Modification, Residential Real Estate, Short Sale
Tagged A Paper loan, abandoned property, AnnualCreditReport.com, balloon payments, Brent T. White, California, California real estate attorney, cancellation of debt, COD, Connie Yi, CPA, credit score, deferred payment, Distressed Property, fair market value, FDIC, foreclosure, Form 1099A, Form 1099C, free credit report, government initiatives, HARP, Home Affordable Refinance Program, income level, interest rate reduction, KDOW 1220 AM, leveraging assets, liar loan, Loan Modification, lower monthly payments, Making Home Affordable, MHA, modify mortgage, mortgage modification, MP3 podcast, Net Present Value Calculator, overdue payments, radio program, real estate market, refinancing, residential property value, San Francisco Bay Area, short sale, tax liability, Underwater House, Wealth Preservation and You
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Loan Modification Is An Option To Avoid Foreclosure, But Beware Of Fraudulent Mortgage Consultants
It is bad enough when a family has to deal with the agony of trying to avoid losing a home due to the bad economy, but it really makes our blood boil when we read about criminals who prey on … Continue reading
Posted in Distressed Property, Residential Real Estate, Strategic Foreclosure
Tagged California Attorney General, Californians, certified public accountant, Charitable Gifting, consumer warning, Distressed Property, foreclosure, Fraud, Fraudulent, Housing Market, licensed real estate broker, loan audits, Loan Modification, loan modification attorney, Mortgage Consultants, mortgage fraud, San Francisco Bay Area, short sale, troubled property
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HARP and Other Options for Underwater and Troubled Real Estate in Your Estate Planning
This past week brought a bit of relief to a portion of the millions of American homeowners whose home mortgages are “underwater” when the White House announced revisions to the Housing Affordable Refinance Program (HARP). The changes to HARP, which … Continue reading
Posted in Distressed Property, Estate Planning, Estate Tax, Short Sale, Strategic Foreclosure
Tagged cancellation of debt, capital gains tax, credit scores, Department of Housing and Urban Development, Department of the Treasury, estate plan, Estate Planning, Fannie Mae, foreclosure, Freddie Mac, HARP, home mortgages, Housing Affordable Refinance Program, Housing Market, Loan Modification, mortgage payments, second mortgage, short sale, tax exemptions, troubled real estate, underwater real estate
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Foreclosure Modification Act Could Become Real Estate Law in California. For Now, Loan Modification Can Help
We have recently written about short sales as a means of avoiding foreclosure or bankruptcy, so this week we will mention loan modification as another way to avoid losing your house and credit. A loan modification is one possible tactic … Continue reading
Posted in California Real Estate Law, Distressed Property, Residential Real Estate
Tagged Bankruptcy, California Department of Real Estate, Double-dip Recession, foreclosure, Foreclosure Modification Act, Foreclosure Prevention, Foreclosure Prevention Act, Housing Market, HUD Counselor, Loan Modification, Mortgage Company, Real Estate Value, Recession, short sale
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CA Senate Bill 458: Understand Short Sale Financial & Legal Issues Before You Short Sell Your House
It has been two weeks since the start of a new era in the California real estate market as a result of CA Senate Bill 458 (California SB458), which makes it easier for a homeowner to short sell an “under … Continue reading
New Blog for the Law Offices of Connie Yi, P.C., Pleasanton, California (San Francisco Bay Area)
Welcome to the blog for the Law Offices of Connie Yi, P.C., located at 4900 Hopyard Road, Suite 100, Pleasanton, CA 94588. Our office is conveniently located just a minute or two from the intersection of I-580 & I-680, across … Continue reading
Posted in Business Law, California Trust Law, Corporate Taxes, Distressed Property, Estate Planning, Estate Tax, Gift Tax, Income Tax, Participating Tax Changes, Probate, Residential Real Estate, Strategic Foreclosure, Tax Law, Trust Administration, Trusts & Estates
Tagged Business Law, California Trust Law, Connie Yi, Corporate Taxes, Distressed Property, Estate Planning, Estate Tax, Gift Tax, Income Tax, Participating Tax Changes, Probate, Residential Real Estate, Srategic Foreclosure, Tax Law, Trust Administration, Trusts & Estates
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