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Long Beach/Southern California Real Estate
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Information and commentary to keep buyers and sellers up on the Southern California and Long Beach area real estate.
Recent Posts Tagged With 'short sale'
Have Your Documents Ready When You Call Your Lender
Are you at the critical point of "do I stay or do I go?"In California, there are currently about one-third of all mortgages "under water", so many borrowers are contacting their lenders concerning loan modifications, or payment catch-up, their pre-fo...
How Many REO and Short Pay Properties Are There in Belmont, Alamitos Heights?
The filing of notices of default increases each quarter in California, per Dataquick on October 23rd, "Foreclosure resales have emerged as a major market factor, accounting for 47.6 percent of all California resale activity last quarter" but not all ...
Foreclosure or Short Pay Debt? New Laws
Starting September 25, 2008, the federal income tax exemption for debt forgiven on a home loan now partly applies to California's state income taxes.Federal law provides a tax exemption for debt forgiveness on a loan incurred for acquiring, construct...
Distressed Listings in Long Beach, Cerritos and Huntington Beach
Some buyers are thinking that foreclosure and/or short sale properties (they owe more than they will net from the sale) are in every neighborhood where the buyer would most like to live. Not true, and it's been the source of misunderstanding, and som...
East Long Beach Still Sells
Zip code 90815 (excluding Park Estates and Bixby Hill areas) closed 37 transactions since January 1 to today's date in prices ranged from $355,000 to $715,000 for a single family home (data from the Southern California MLS)--one property reflected as...
