Mortgage Forgiveness Act | Brian Bean & Tim Hardin | Riverside Short Sales | Riverside Real Estate TIME IS RUNNING OUT FOR SHORT SALE TAX BREAK Aug. 13 UPDATE: A Senate committee approved a version of a bill that would extend the terms of the Mortgage Forgiveness Debt Relief Act of 2007 through 2
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08/13/2012
Foreclosures Increase | Brian Bean & Tim Hardin | Riverside Short Sales | Riverside Real Estate FORECLOSURE ON UPSWING AS HOMEOWNERS AGAIN SEEK HELP The brakes may be coming off the foreclosure train. Several agencies report increases in bank foreclosure activity and homeowner pleas for assistanc
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08/13/2012
Short Sale Primer | Brian Bean & Tim Hardin | Riverside Short Sales | Riverside Real Estate CUTTING THROUGH THE CONFUSION IN SHORT SALES The dizzying overload of loan-modification programs, short-sale programs, deficiency laws, tax rules and expiring deadlines is complex. It’s no wonder so many p
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08/13/2012
Housing Prices Increase | Brian Bean & Tim Hardin | Riverside Short Sales | Riverside Real Estate LOW INVENTORY ARTIFICIALLY BOOSTS HOME PRICES A lack of housing inventory is boosting prices in California and across the country, but the effects could be temporary as a critical tax exemption nears
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08/13/2012
Military homeowners short sale | Brian Bean and Tim Hardin | Riverside Short Sales | Mortgage Forgiveness Expiring New rule shields military homeowners in short sale For active military homeowners who are redeployed, Fannie Mae and Freddie Mac have their backs. The Federal Housing Finance Agency,
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06/30/2012
Fannie Mae and Freddie Mac Short Sale | Brian Bean and Tim Hardin | Riverside Short Sales | Short Sale Negotiator Fannie, Freddie compress short sale timelines Under the gun to more quickly process short sales, mortgage giants Fannie Mae and Freddie Mac must now respond to short sale requests in
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06/24/2012
HAFA Short Sale Expanded | Brian Bean | Riverside Short Sale HAFA short sale extends to investors, tenants The HAFA short sale program, which has been criticized as too restrictive for California, has again been expanded to reach more distressed homeowners. The Home Affordable Foreclosure Alterna
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06/10/2012
Mortgage Forgiveness Debt Relief Act Expiring | Brian Bean | Riverside Short Sales | Short Sale Tax Exemption Short sale tax break on borrowed time Entering the midway point of 2012, distressed homeowners can still avoid massive tax bills after a short sale or foreclosure. But time is running out
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06/04/2012
Bank of America Short Sale | Relocation Incentive | Brian Bean | Riverside Short Sales Did you get a “Golden Ticket” from Bank of America? The nation’s largest mortgage servicer has officially released its Enhanced Relocation Assistance program in California, six months after it deemed a pilot ru
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06/04/2012
Short Sale vs Loan Mod | Brian Bean and Tim Hardin | Riverside Short Sale As the number of short sales continues to increase, loan modifications are on the decline, according to data released this week. Banks and servicers completed 207,000 loan mods in the first quarter of 2012, a 31 percent dec
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06/04/2012
