Meet Jesse Madison, your Orange County Short Sale Realtor [youtube=http://youtu.be/I_Ic6AsJXkQ] The success of your Orange County, CA Short Sale depends on many factors. Having a solid pricing strategy will help you prevent pitfalls and delays that could undermine your goal of successfully selling your home. If the price is not a market value price the bank may decline your sale and you could lose your buyer and need to start over. Proper initial pricing will help you avoid this costly mistake and prevent foreclosure. Remember it is a race against the foreclosure clock. Thorough review of all liens against the property […]
Jesse Madison is an approved chase priority partner agent for the Chase Priority Partner Short Sales Program under way in Orange County, CA. Chase Bank has developed a program with selected few real estate agents to expedite their short sale process. As part of this program, I have been assigned Priority Status on Chase Short Sales, Chase Purchases or other loan programs offered by Chase. Chase has initiated this program for homeowners who owe more on their home than it is worth and want to sell. Chase wants distressed homeowners who may be upside down on their loans use a Chase Priority Partner Agent in their area with training and experience […]
Top 5 Reasons short sales in Orange County are now easier than ever. Understanding the top 5 reasons short sales in Orange County are now easier than ever will help you realize that you now have options. Help is here. You can get your short sale approved quickly so that you can sell your home at no additional cost! Banks are now pre-approving short sales. Yes its true! You will actually get your Price approved before your home gets listed. Then all you need to do is get the home under contract and close escrow quickly. Banks are paying some […]
Short Sale Tax implications update! In this update on short sale tax implications we will address taxes on both on the federal and state level. FEDERAL TAXES: On the Federal level, The Mortgage Forgiveness Debt Relief Act was renewed which will, for one more year, exempt the taxation of mortgage debt that is forgiven when homeowners and their mortgage lenders negotiate a short sale or loan modification (including any principal reduction). STATE TAXES: C.A.R. is sponsoring SB 30 (Calderon, D-Montebello). SB 30 will conform state law to the federal law passed last week. Upon passage of SB 30, the measure will […]
The extension means homeowners now will be excused from paying taxes on forgiven mortgage debt through 2013. The debt relief was set to expire Dec. 31. This is a huge relief for homeowners who currently or intend to sell their home as a short sale or perform mortgage modifications. Without this extension these sellers may have faced tax bills in the tens of thousands of dollars.