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HotOnSanDiego – Real Estate News & Information For Escondido, Rancho Bernardo, and North County

Is the value of your property less than the County Tax Assessor's Valuation? Are you frustrated for the past couple of years when you have to write that check? We may be able to help you reduce the pain, as you can apply to have your property taxes reduced! But don't dealy as there is a deadline for requests, which is 4/29/11. You'll need your parcel number and the tax valuation found on your property tax bill. They...continue reading...

HAMP program - Home Affordable Mortgage Program for loan modification. This is where the home owner must start. 80% of loan modifications fail. HAFA program – Home Affordable Foreclosure Alternative Program refers to the short sale process expedited. HAMP starts with a phone call from the seller/borrower requesting the loan mod through HAMP. Only 20% of these requests actually get approved. More Interesting Stats: 3 million Hamp program packages that have been sent to clients. 1 million loan mods in process.  Which leaves 800,000...continue reading...

Last year, the State of California earmarked $100mil for a tax credit available to purchasers of newly constructed homes.  This money was used up in just over 3 months.  Fortunately, the State passed bill AB 183 last week with another $100mil for this purpose as well as an additional $100mil for 1st Time Home Buyers.  The CA Franchise Tax Board will have the official posting on their website by tonight.  Here are the some of the...continue reading...

HotOnSanDiego – Real Estate News & Information For Escondido, Rancho Bernardo, and North County

On November 6, President Obama signed the Worker, Homeownership, and Business Assistance Act of 2009 into law, extending and expanding the important home buyer tax credit, and thereby providing many Americans with just the break they need to buy a first home or move up to a new home. One of the requirements for becoming a Member of the Top 5 in Real Estate Network® is to provide my community with critical real estate information...continue reading...



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