Bonnie's Blog

FORECLOSURE OR SHORT SALE?   Sellers may wonder whether doing a short sell would affect their credit less than completing a foreclosure, and whether there are other advantages between the two. While in foreclosure, and depending on state laws, a seller could possibly stay in the property, essenti...

Do I, the Buyer Pay Anything?   Not usually directly - however, there are exceptions to this. Basically this is the way it works:  Many Realtors work on several deals which do not ‘close' and the Realtor makes no money at all. Reputable, trustworthy and experienced agents put you, the buyer's, be...

CAR News Just Posted Distressed homeowners no longer have to pay California state income tax on debt forgiven in a short sale, foreclosure, or loan modification. Enacted into law yesterday, Senate Bill 401 generally aligns California's tax treatment of mortgage debt relief income with federal law...

Since your clients are considering a second home they most likely have disposable income to pay for that lifestyle. They have probably already decided investing in real estate is a great place for their money! They have most likely educated themselves on the ins and outs prior to setting out to ...

$650,000 Priced to Sell!   3172 Donner Drive, Serene Lakes, CA Fabulous three/three with bonus room and loft - views of Lake Dulzura from this mountain beauty!  Check it out MLS # 20100146 www.welcomehometruckee.com

  Home with Views ~ Homes with a panoramic of the mountains and lakes always sell at a premium above similar homes without the view here in the Sierras. However, if a view is important to you buy it mostly for your own pleasure and not as an investment. You may place a considerable dollar value o...

Waiting to Sell Your Home in Spring - You and Everyone Else in Town? In the last few months some real estate agents have had a few sellers that have taken their homes off the market. Their decision to wait until spring was due mainly because they didn't want their homes to become past its sell-by...

People buy things for their use and the pleasure or service received from a product or service -house cleaning, a car, a television, a computer, a hair cut, or their vacation home. I might tell you from first hand experience that when I show potential homebuyers a home, I don't hear that buyers a...

While there are always active buyers in the real-estate market in Truckee and Lake Tahoe it seems many of them seem to be looking to buy a foreclosure or a short sale property. The basic foreclosure is a fairly well-understood process and as "short-sale" signs pop up on occasion your buyer may wo...

Buying an REO is similar to buying a short sale except the property is already owned by the lender. The property has already gone thru the foreclosure process and the bank typically lists the property with a qualified real estate agent.  Hopefully the agent and the lender have open lines of commu...