If you are looking for something to do on the Central Coast or you happen to be driving down the 101 anytime soon between Santa Barbara or Santa Maria this is a great option.
Continue reading about Looking For Something To Do Locally In Santa Maria
It seems to happen all the time now that when you try to buy a home, sometimes you come across a home in the Santa Maria real estate market that may be for sale and there may be a new room added on that does not seem to show up in the county records.
Continue reading about Getting A Loan On A Home With Illegal Construction
They could be facing possible suit for the deficiency amount or any number of other side effects from the ordeal. The basic goal of this program is to motivate the home owners that do not qualify for loan modifications and the banks to do a short sale, to avoid foreclosure.
So lets go with an everyday story you bought your house 2003 you paid $280,000.00 you put no money down when you bought your home with one of those popular 80/20 loans. Things are looking are great with you in your new home and now you get to make things the way you want to. A couple of years goes buy and now your home is unbelievably worth $500,000.00.
Continue reading about Understanding If Your Home Loan Is Recourse and What Does It Mean
First we will talk about the IRS, the Feds and then we will talk about the impact on a state level on how they look at that $200,000.00 dollar difference. But what happens if you do a short sale does the bank eat the difference, yes.
