What we Do
Making the tough choice, to possibly give up your home, instead of going through foreclosure and having your credit irreparably damaged for up to 10 years is terrible emotional burden. We focus on the homeowner's situation, and bring to you a strong commitment of purpose in ethics, and strive to make the process smooth, easy and private. It takes a dedicated team of people to help you in this transition.
WE Work with your Real Estate agent / Realtor®. We have over 300+ Short Sales to date of experience in the South West United States, let us help you.
Our company works with the distressed home owners' lenders, to negotiate a short sale, potentially saving the distressed home owner from further damaging their credit. We have the specialization to understand lenders concerns and distressed home owners' needs. Our team locates End Buyers or Investors to purchase a distressed home through the short sale process, thereby eliminating damage to YOUR CREDIT by going through a foreclosure.
A Foreclosure is more damaging to your credit than a bankruptcy. If your home is the reason why you are in financial distress, call us today!
IF you are BEHIND in your mortgage payments or have received a Notice of Default (NOD), call us today at 619.HOUSE1. We have the experience to help you start your financial recovery. OUR SERVICE is ALWAYS FREE to the home in distress!
Mortgage Metrics Reports
Foreclosure-News
If you owe a debt to someone else and they cancel or forgive that debt, the canceled amount may be taxable.
The Mortgage Debt Relief Act of 2007 generally allows taxpayers to exclude income from the discharge of debt on their principal residence. Debt reduced through mortgage restructuring, as well as mortgage debt forgiven in connection with a foreclosure, qualifies for the relief.
This provision applies to debt forgiven in calendar years 2007 through 2012. Up to $2 million of forgiven debt is eligible for this exclusion ($1 million if married filing separately). The exclusion does not apply if the discharge is due to services performed for the lender or any other reason not directly related to a decline in the home’s value or the taxpayer’s financial condition.
More information, including detailed examples can be found in Publication 4681, Canceled Debts, Foreclosures, Repossessions, and Abandonments. Also see IRS news release IR-2008-17.
Tags: Foreclosure-News
The best new example is the Obamacare plan.
Now before you get emotional, pay attention to these facts.
1) GMAC, BofA, Ally, PNC and Chase have all put a moratorium on Foreclosure processing and Sales of Foreclosure properties, REO's
2) Today (10/13/2010) 40 state Attorney Generals got a deaf ear from the White House and Wall Street to have all Lending institutions halt foreclosure proceedings and have an official investigation in to the allegations, specifically dealing with "robo-stamping" of up to 42 foreclosure files per hour.
Tags: Foreclosure-News
Governor Schwarzenegger signed a VERY important bill into law that protects California homeowners who sell their homes for less than they owe but vetoed a more sweeping bill providing protection following a refinance. SB 931 (Ducheny) has become law. Previously, mortgage holders who accepted "short sales" of real property and received less than the full amount of debt owing could pursue their borrowers for the deficiency. While many lenders routinely granted waivers of the deficiency* left after a short sale such willingness was by no means uniform.
Tags: Foreclosure-News
In its September economic outlook, Freddie Mac says it expects 4 million new and existing home sales in the third quarter, a possible 20.7% decline from last year and 23% drop from the previous quarter. Recent reports of plummeting home sales and near record-high delinquencies has shaken confidence in the "fragile" housing recovery. After the homebuyer tax credit expired in April, the National Association of Realtors (NAR) reported existing home sales fell 27% in July, and new home sales have fallen to the lowest point since 1963.
Tags: Foreclosure-News
There is NO TIME LIKE the present to get FREE advice if you are in over your head, FEEL like you are over your head or contemplating walking from you house, we can show you your options, our 1 hour meeting is FREE. If you KNOW of someone in this situation, contact them and give them our information and make them call us, if called early enough we can help prevent serious credit damage.
Tags: Foreclosure-News
