Tag Archives: foreclosure
Tax Planning for Next Year; Digital Assets; Loan Modification & Deed-in-Lieu Programs; Trusts & Trustees
As the dust of this year’s tax season settles, our thoughts have already started to drift toward preparing next year’s returns. It is never too early to consider how to pay less taxes (or to be better prepared for next … Continue reading
Posted in Asset Protection, Filing Your Tax Return, Loan Modification, Tax Return Preparation
Tagged Android, Apple, back taxes, back-up system, beneficiaries, benefit deductions, borrower, call-in show, Deed-in-Lieu, digital files, distressed properties, estate plan, file tax returns electronically, fireproof container, foreclosure, HAFA, Home Affordable Foreclosure Alternatives, IRS audit, IRS2Go, lender, liens, Living Trust, loan modifications, maximize deductions, minimize taxes, mobile device, paper receipts, pay less taxes, paycheck stubs, payroll deductions, podcast, probate minimum, professional relationship, receipts, record-keeping, Scan, short sale, social site account, status of your refund, tax deductions, Tax Preparer, tax professional, tax refund, transfer real estate, Trustees, underwater real estate
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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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California Real Estate Short Sales: The Ins & Outs of Flipping & Flopping and Other Home Buying & Selling News
Everyone pays more when below-board practices affect an industry. In the world of buying and selling California real estate, honest home buyers and sellers are affected negatively when short sales become a prominent part of the landscape. A short sale … Continue reading
Posted in Residential Real Estate, Short Sale
Tagged Bakersfield.com, California real estate, depressed market, distressed homes, fair market value, flipping, flopping, foreclosure, home buyers, home loan, home owner, interest rates, lender, mortgage, mortgage holder, property, real estate agent, real estate appraiser, real estate market, real estate taxes, Residential Real Estate, San Francisco Chronicle, selling price, SFGate.com, short sale, thestreet.com
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