Today begins our series about new 2015 California Real Estate laws. Click here to see the series. 2015 Real Estate Laws: Tax Exemption for Mortgage Debt Forgiveness This law extends California’s exclusions of taxation of mortgage debt forgiveness for qualified principal residence indebtedness in partial conformity with the federal Mortgage Forgiveness Debt Relief Act of 2007. […]
Real Estate Definitions
The Government Shutdown And The Housing Market
We’re not quite sure how the government shutdown and the housing market affect each other yet–but we do know that more than 90% of the residential housing market depends on the government and/or the Government Sponsored Enterprises for underwriting, insurance, and funding. We’ll be keeping our eye on this for you and updating you with […]
FHA Insurance Rates On The Rise
We’d like to thank Nick Alvino from JMJ Financial for sharing this important information with our clients. Please don’t hesitate to reach out to either Danny (949-413-6967) or Jade (949-246-2078) if you have any questions about what this update means to you. The Federal Housing Administration, which is the largest insurer of low-down payment mortgages, announced last […]
What Is HARP 3.0?
The third edition of the Home Affordable Refinance Program (HARP) is rumored to be just around the corner. The most recent program is called HARP 3.0 and dubbed #MyRefi by the government. A lot of questions and speculations surround the new would-be government program, but the most popular question is, “What is HARP 3.0?” Image […]