Hello, I am a Realtor in the Central Valley of California. I hope you will find this information useful. My aim is to provide information on Real Estate for either a buyer or seller. I would love to be your Realtor. Let's work together on a plan to get your home on the market and sold with as little inconvenience to you as possible. See-Tips for Sellers.
I try to work with-in your schedule and provide great service.
Altera Real Estate
Note that anti-deficiency protection under a trustee’s sale or a shortsale does not change the initial classification of the recourse debt to nonrecourse debt. Thus, any cancellation of debt income by way of a discount on recourse paper is still taxable, unless exempted by federal and state tax law.
Are you conidering selling your home as a short sale? Contact: Fonda Glenn, a Realtor with Exit Realty Consultants in Manteca, California.
As of January 1, 2012, a new law has eliminated the ability of large numbers of home buyers and owners to write off their mortgage insurance premiums (MIPs). Alongside the loss of the tax deduction, Congress now requires new fees on all conventional Federal Housing Administration (FHA) loans. Together, these regulations will lead to an increase in the cost of homeownership for buyers by the end of this year.
Millions of existing owners and new homebuyers will be affected by the elimination of the MIP deduction. The law will affect all newly originated mortgages with less than a 20% downpayment and may also apply to all low downpayment-mortgages made after 2007.