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Did you know that if you are upside down on your home and process a short sale, that the amount that the bank forgives is scheduled to become taxable in 2013? That means that, for example, if the bank forgives say, $100,000 in order for you to sell you home, that $100,000 would ... [Read More]
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Did you know that if you are upside down on your home and process a short sale, that the amount that the bank forgives is scheduled to become taxable in 2013? That means that, for example, if the bank forgives say, $100,000 in order for you to sell you home, that $100,000 would be taxed at your tax rate. For a person in the 25% tax bracket that means they would owe $25,000 to Uncle Sam. If you are having trouble making your payments, I can think of no better reason to do a short sale in 2012. Contact us today. You do have options!
Here’s a great article that is well worth your attention as you face the new year. Banks are embracing and staffing up for the coming short sale boom. The banks are embracing the short sale as a way for them to save money as they have found that they lose significantly less on a short sale ... [Read More]
Here’s a great article that is well worth your attention as you face the new year. Banks are embracing and staffing up for the coming short sale boom. The banks are embracing the short sale as a way for them to save money as they have found that they lose significantly less on a short sale vs a foreclosure. There will be more short sale opportunities 2012 than there were in 2011. Read more about it here: Short sales set to explode in 2012. If you know anybody who is upside down on their home and can’t afford their payment, there is hope for them. Do to www.morethanashortsale.info or call us at 925-408-2911. People who are underwater in terms of their mortgage vs value do have options. Contact us and let us help. Collectively we have successfully packgae over 500 short sales. Our broker, Steve Holderfield, has received a certification a CDPE, Certified Distressed Property Expert and has personally packaged over 500 short sales. The sooner we are contacted the more options we can pursue for you. So don’t delay. Contact us today.
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Short sale before you foreclose! (realtorkaera.wordpress.com)
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What is a Short Sale? (librarealtygroup.wordpress.com)
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What’s in Store for Housing in 2012? (steveholderfield.com)
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For the fifth consecutive year, Nevada continues to have the highest foreclosure rate in the country, despite a 31 percent drop in the state’s foreclosure activity from 2010 to 2011, RealtyTrac reports.
Several states continue to see a large amount of foreclosures, which are putting downward pressure on overall home prices.
The states with the ... [Read More]
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For the fifth consecutive year, Nevada continues to have the highest foreclosure rate in the country, despite a 31 percent drop in the state’s foreclosure activity from 2010 to 2011, RealtyTrac reports.
Several states continue to see a large amount of foreclosures, which are putting downward pressure on overall home prices.
The states with the highest foreclosure rates for 2011 are:
1. Nevada: 6 percent (1 in 16 housing units received at least one foreclosure filing in 2011)
2. Arizona: 4.14 percent (or 1 in 24)
3. California: 3.19 percent (or 1 in 31)
4. Georgia: 2.71 percent (or 1 in 37)
5. Utah: 2.32 percent (or 1 in 43)
6. Michigan: 2.21 percent
7. Florida: 2.06 percent
8. Illinois: 1.95 percent
9. Colorado: 1.78 percent
10. Idaho: 1.77 percent
Nationwide, 1 in 69 housing units or 1.45 percent of home owners received at least one foreclosure filing during 2011, which is down from 2.23 percent in 2010, RealtyTrac reports.
Source: RealtyTrac
Whatever you do again and again turns into a habit. And your habits have a profound effect on the quality of your life. Look honestly at what you do each day. What things are moving you forward, and what things are you doing that keep holding you back? Example – do you come to class ... [Read More]
Whatever you do again and again turns into a habit. And your habits have a profound effect on the quality of your life. Look honestly at what you do each day. What things are moving you forward, and what things are you doing that keep holding you back? Example – do you come to class or do you skip it? That’s also habit just like Someone with a gym membership who has a goal to lose weight exercising, however they never go the gym and wonder why they remain overweight.
Your actions are yours to control. and your habits are yours to develop or abandon. Make sure when you are working by referral that you leave no stone unturned because doing so becomes a habit. Though habits rarely come or go overnight you can indeed choose and control them. Add an empowering habit, or get rid of the destructive one, to dramatic improve your life. Even a small positive habit will make a big difference. Because each time you do it, you steadily add more power to it. Think of what you can do, beginning right now, to add a habit of success to your life. And watch as that small success, done again and again, turns into plenty of big achievements. I find it fascinating that most people plan their vacations with better care than they do their lives. Perhaps that is because escape is easier than change. Success is nothing more than a few simple disciplines, practiced every day, while failure is simply a few errors in judgment, repeated every day. Is the cumulative weight of our disciplines that lead us either to fortune or failure. Success is neither magical or mysterious, is that natural consequences of consistently applying the basic fundamentals.
welcome to 2012 it’s a new year and lets make the most of this new year.
whether you work for yourself or work for somebody we can all benefit from being more productive, so here are my top 12 tips for higher productivity.
Number one health. Everything hinges on as being healthy so it’s vital to take ... [Read More]
welcome to 2012 it’s a new year and lets make the most of this new year.
whether you work for yourself or work for somebody we can all benefit from being more productive, so here are my top 12 tips for higher productivity.
Number one health. Everything hinges on as being healthy so it’s vital to take care of oneself enough, exercise frequently, sleep well, eating right. In order to best in the game of life we must take care of our health without our health we have nothing.
Number two make a schedule for the week. I suggest on a Sunday evening take an hour or so and write out your schedule for the week so that you know what you’re doing and you can keep your commitments.
Number three work in time blocks. Try concentrating really hard on one task at a time for about one half hours to two hours. you will find your focus increases when you eliminate all distractions and you will be more productive.
Number four eliminate distractions. What I mean by that is don’t get distracted by answering e-mails when you are working your timeblocks, don’t pick up the phone let it go to voicemail, don’t let a coworker start talking to you don’t get up and get coffee. Focus in on this time..
Number five learn to say no. Pretty simple learn to say no so you can continue on your path to success you don’t have to say yes to everything saying no is very powerful.
Number six avoid office energy drainers. Well we all deal with these, for example, people that come and start gossiping to you, office politics, she said he said, they are things that really have nothing to do with the work at hand. But can certainly delay you into getting your work done.
Number seven steer clear of time zappers. time zappers are people or things that distract you. Checking your Facebook and spending way more time on Facebook then you should. Answering emails, surfing for best travel deals, online shopping etc….you get the picture, anything that takes away time from what we doing.
Number eight concentrate on the most important not the most urgent. In other words first things first, you get the most important things out-of-the-way then you can attend to the everyday “urgent” things, people always say urgent urgent urgent but the truth is nothing is ever never that urgent and you must focus on the most important things that make you money.
Number nine recharge. Recharge recharge recharge. When you have focused your energy on doing important things and working in time blocks. You need to take time to recharge, we all have different ideas of what that might be, for me it definitely going outside, taking a walk at least 30 min, doing yoga stretches, making sure I rest for at least a couple of hours a day and making sure that I sleep well. We expect a lot of ourselves so recharging is number one important thing to do so that we can be our very best when focusing in on making money.
Number 10 invest in yourself. We want to be successful so if there’s opportunity to learn more about whatever trade we’re in, spend the money, learn to earn more. Don’t be shy when it comes to investing in yourself and your progress, sometimes it’s money, sometimes it spending time with other people, mentors, going to seminars, further education, invest in yourself, it always pays off.
Number 11 don’t go it alone. Find people that are like-minded people that can be mentors or accountability partners. Find support for what ever your journey is
And finally number 12 enjoy the journey yes please enjoy the journey, it’s the only one we have.
Thank you for reading, peace, love and happiness and true prosperity
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There are 2 answers to this question. 1. Home values are likely to fall another 4 to 5%. 2. It depends on many factors. Most economists seem to agree that 2012 is likely to be a flat to slightly down market in terms of values. However, ... [Read More]
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I’ve been in the real estate business for some 33 years. Over that tenure I have endured some pretty daunting markets. In the past I could always point to one or two problems that, once overcome or fixed in some way, would improve the market. It always felt as though it was just ... [Read More]
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I’ve been in the real estate business for some 33 years. Over that tenure I have endured some pretty daunting markets. In the past I could always point to one or two problems that, once overcome or fixed in some way, would improve the market. It always felt as though it was just a matter of time before things got better. I have to be honest and say this recession has been different. I have been unable to identify the one or two problems that need to be overcome that will make tings start moving again. I just read this article and it is quite obvious that our problem is jobs: http://economistsoutlook.blogs.realtor.org/2011/10/07/job-growth/.
For me, jobs, are not some dead end, temporary government funded stimulus attempt by some Washington bureaucrat, but real, career building, long term employment that an employee can strive at and achieve the rewards that we all desire. Until we see that kind of change in the job market, we are in for more of the same… falling incomes, high unemployment, more foreclosures, etc. The jobs are out there and will be created once our Government gets out of the way and empowers our job creators with lower taxes, certainty about the future costs of running a business, less government regulations, etc. At least that is my opinion.
Related articles
Economy added 103,000 jobs in September (seattletimes.nwsource.com)
Economy added 103,000 jobs in September (sfgate.com)
Your comments: Long-term unemployment a growing problem for more than 4 million Americans (nj.com)
New Layoffs Are Harbingers of Broader Economic Changes (usnews.com)
http://economistsoutlook.blogs.realtor.org/2011/09/28/financial-industry-corporate-profits/
Why? Uncertain regulation by the Feds. Our current administration needs to, in my opinion, find ways to provide confidence in our markets and the future. Unfortunately, I think this means the need to cut the government spending back to the Clinton levels. We just cannot sustain the current spending levels. Another thing ... [Read More]
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Does it feel like the current poor real estate market just keeps getting worse? The real estate bust followed by the “Great Recession,” the “Jobless Recovery” and now the threat of a “Double Dip Recession?”
Weren’t we assured that home values were destined to go up and up and up? Failed assurances are on the ... [Read More]
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Does it feel like the current poor real estate market just keeps getting worse? The real estate bust followed by the “Great Recession,” the “Jobless Recovery” and now the threat of a “Double Dip Recession?”
Weren’t we assured that home values were destined to go up and up and up? Failed assurances are on the news every night.
Here’s the bottom line: the choices that homeowners make when they feel they are at the end of their rope will have ramifications for years to come on their ability to qualify for credit, their job prospects, their security clearance and their overall finances. When a family’s financial trajectory is rapidly heading in a negative direction, there’s no substitute for the helping hand of a knowledgeable expert who has the integrity, the experience and the training to reverse the course—someone who is tapped into regulatory initiatives and can separate fact from fiction.
It is my mission to serve as a credible source of information and perspective to homeowners who have found themselves in a tough situation and need help sorting through their options. That’s why I sought out the Certified Distressed Property (CDPE) designation—the most renowned and recognized credential in the distressed property field, and it’s why I continue to stay on top of regulatory and industry developments that impact options available to homeowners who are struggling with their current financial situations.
My message to homeowners who do not know where to turn: there is hope. Foreclosure is not inevitable and neither the government nor your bank wants to see that happen. No one expected to find themselves on the brink of foreclosure, but I have worked with countless clients who have managed to turn their financial trajectory around and get on a path of financial recovery.
It CAN be done! And it would be my privilege to help. I have help many homeowners avoid foreclosure and I can help you. I have assembled a team that can help you through the short sale process, help you with repairing your credit so that in a short time you will be ina position to own a home again. Call, we can help!
Related articles
How to lower your property taxes
Despite home prices in major urban centers decreasing 31 percent between 2005 and 2009, property taxes across the U.S. increased by nearly 20 percent. There is good news, however; homeowners can fight back.
Making sense of the story
Homeowners should keep in mind that property taxes do not always correspond with home ... [Read More]
How to lower your property taxes
Despite home prices in major urban centers decreasing 31 percent between 2005 and 2009, property taxes across the U.S. increased by nearly 20 percent. There is good news, however; homeowners can fight back.
Making sense of the story
Homeowners should keep in mind that property taxes do not always correspond with home values, because local governments typically don’t measure values every year and some have limits on annual property-tax increases.
As a result, current property taxes might reflect the home’s value when the market was healthier. According to the Congressional Budget Office, property-tax adjustments lag behind changes in home prices by an average of three years.
Although homeowners cannot change their property-tax rate, which is set by the local government, homeowners can get their assessment lowered if they appeal to their local assessor.
One key to a successful appeal is fact checking the assessor’s work. About half of all successful appeals come from homeowners pointing out an error in the assessor’s description of the home, according to one property tax expert.
During the appeal process, which is similar to a less-formal court hearing, homeowners may present their case to several local officials or representatives. The simplest way to convince officials that a property has been incorrectly valued is to provide evidence of the sales price of homes that are comparable to the property being discussed. This should include square footage, amenities, and neighborhood characteristics. Sale documents and photos of the property in question, as well as the comparable properties also should be brought in.
Homeowners who have made improvements or substantial changes to the property should be cautious about appealing an assessment though, as it could have negative effects and actually increase the property’s value and, in turn, the property taxes.
Related articles
How to Lower Your Property Taxes (online.wsj.com)
