If you owe a debt to someone else and they cancel or forgive that debt, the canceled amount may be taxable. The Mortgage Forgiveness Debt Relief Act may help alleviate that, and will soften the blow of a short sale for a homeowner. It is due to expire 12/31/2012. The National Association of Realtors (NAR) [...]
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————————————————————- Click on the “old time” radio to hear our last two shows. We had a little “Get ready To move” theme going…First Denise Frye of Make Your House A Home told us the importance [...]
In Healdsburg, California on the lazy Russian River, is this vintage home circa 1940, built in an era when craftmanship and materials went hand-in-hand. An era when power boats pulled water skiers above Memorial Beach dam and folks lingered over big bands and the great “camps” along the Russian River had their hey-day. This home [...]
I was very tired of getting offensive emails stating “Obama Care” was going to hit EVERY home sale with a 3.8% “Home Sales Tax”. These purveyors of untruths actually would show a home sales price of $250,000 and then state: “3.8% or $9,500 you’ll be forced to pay for Obama Care!”. WRONG! As a friend [...]
We’re delighted to welcome back to our show Denise Frye of “Make Your House a Home” staging. I’ve known Denise for years and she has been in customer service most of her adult life and has combined this love of folks with her impeccable taste and staging abilities. But I hear what you’re saying, “Mike [...]
Short-Sales for June 2012 set a record number of closed escrows with 150 here in Sonoma County,California. This is up 27% over LAST year at this time! Days on the market are also shortening as Bank’s react to new legislation to assist distressed homeowners in disposing of their houses without foreclosure. The total distressed market here [...]
Here in Sonoma County, California home sales are ON the rebound with a +15% surge over last year and sales numbers equallying the go-go years of 2002 when it ALL started. Not anywhere near the big bubble year of 2005 where we had 771 sales in June with a median home price of $589,900. Today [...]
CoreLogic: Negative equity props up home prices in toughest markets
Mike and Alli have been talking about this looming “equity brick wall” for a while now. So, we know it’s coming. The question is…How can we break through it??
Many housing markets may be undersupplied because underwater borrowers are unable to put [...]