No State of Calif. Tax on Forgiven Debt. Good News for San Diegans
April 14, 2010 by fgregory · Leave a Comment
NO MORE STATE TAX ON FORGIVEN DEBT
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. For debt forgiven on [...]
San Diego Real Estate activity is picking up the pace!!!
April 7, 2010 by fgregory · Leave a Comment
The San diego Housing Market is finally starting to show signs of improvement. Offers that we wrote for clients in October are finally coming our of the short sale approval process and are headed for escrow. Situations with Lenders not accepting Home Owner Association due to the high % of deliquent HOA [...]
Avalar San Diego & NHSP presented a National Webinar on Loan Modifications
April 1, 2010 by fgregory · Leave a Comment
March 31, 2010…San Diego Calif. Avalar San Diego Real Estate & Loans in collaboration with National Home Savers Pro presented a National Webinar and Questions and Answers on Loan Modifications & Loan Assistance Possibilities. Brokers and Licensees from all over the US participated and learned how the Loan Modification process works (No up-front [...]
Delinquencies, Foreclosures and Loan Modification Relief
January 26, 2010 by fgregory · Leave a Comment
The following article states that the delinquencies and foreclosures are continuing their steady pace and recent information stated that over 3,000,000 homeowners will be facing mortgage delinquencies or foreclosure in 2010. This fact has encouraged Avalar San Diego to add a Loan Modification Division to our Real Estate Brokerage, Loan Brokerage, Land Banking Businesses. [...]
