News and tips…
Do you owe tax if you close a short sale?
February 9, 2010 by Gordon Corsie · Leave a Comment
Q: I have heard I may owe tax if I complete a short sale on my house, is this true?
Image by Getty Images via Daylife
John M. (Livermore CA).
A: As a Realtor I need to to tell you that we are not qualified to give tax advice,
the answer may depend on which state you are in, [...]
First time home buyer tax credit.
December 31, 2009 by Gordon Corsie · 1 Comment
Image by doncav via Flickr
In November congress extended this credit and made it more generous. It is a true dollar for dollar credit of up to $8000 for 10% of the cost of the home. The credit is also refundable, meaning that even if a buyer doesn’t owe $8000 of tax, he or she can [...]
Opportunity Knocks!
November 20, 2009 by Gordon Corsie · Leave a Comment
Charming Oakland single level home close to shopping and BART.
Wachovia Short Sales, do you have a Wachovia or Wells Fargo mortgage?
November 20, 2009 by Gordon Corsie · Leave a Comment
Do you have a loan from Wachovia? If you have a Wells fargo or Wachovia loan and are getting behind on payments and need to consider a short sale you are in luck.
Unlike other banks Wachovia is streamlining the short sale process and in fact the approval time required is usually 30 days or less. [...]
Valley home Median Price up 11%!
November 11, 2009 by Gordon Corsie · Leave a Comment
Surprising new statistics just published show the year over year median prices in Livermore and Pleasanton to have increased by 11%!
The new statistics take into account single family detached homes as well as condos.
Congress extends Tax Break!
November 5, 2009 by Gordon Corsie · Leave a Comment
WASHINGTON – Buying a home is about to get cheaper for a whole new crop of homebuyers — $6,500 cheaper.
First-time homebuyers have been getting tax credits of up to $8,000 since January as part of the economic stimulus package enacted earlier this year. But with the program scheduled to expire at the end of November, [...]
Why is a loan modification so hard to get?
October 16, 2009 by Gordon Corsie · Leave a Comment
With all the government bail out cash provided to banks for exactly this purpose, why can’t homeowners easily achieve a change in terms from their lender?
1/ Banks are Overwhelmed.
Hundreds of homeowners have applied for modification on their loan terms. Banks simply do not have the staff to cope with the volume of applications. Systems are [...]

