Foreclosures Archives -

Taxes: This is a question anyone facing a short sale should ask their Realtor or tax advisor. We’ve written about these taxes before, but once again here is the information we present to our San Diego real estate clients: For Federal tax returns, the mortgage forgiveness debt relief on principal residences will remain in effect

Big Breaks for San Diego Homeowners

January 3, 2013

Foreclosures, Short Sales, Tips for Buyers

Distressed San Diego homeowners must have exhaled a collective sigh of relief when they heard that the Mortgage Debt Relief tax provisions had been saved from going over the cliff. Without this save, huge tax burdens could be heaped on already-distressed San Diego homeowners who are working out loan modifications, executing short sales or going through foreclosure.

6 Tips for a Winning REO Bid

December 8, 2012

Blog, Featured Blog Posts, Foreclosures, Short Sales, Tips for Buyers

by Roberta Murphy *REO’s and *foreclosure flips are often some of the best buys in the San Diego real estate market. Many have been repaired and updated and are priced to sell quickly. Unfortunately, these bargains attract hungry buyers and investors who are bidding against each other–often pushing right through the listing price–especially when rental

San Diego Foreclosures a Problem for Landlords

December 5, 2012

Foreclosures, San Diego

Many times during the last five years, we have heard sad stories from tenants who rented a property that was actually in foreclosure. They had paid a deposit (and often a pet deposit) and rent to the owner, only to discover after moving in that the house had been or was going into foreclosure. Some

Ticking Time Bomb for Short Sales?

April 26, 2012

Foreclosures, Short Sales, Tips for Sellers

I just don’t know why the media isn’t headlining this issue week after week and coast to coast. The loss of this federal protection will certainly impact distressed homeowners in San Diego: The Mortgage Forgiveness Debt Relief Act expires December 31, 2012 This means that homeowners who delay until after 2012 to complete short sales

How to Negotiate a San Diego Foreclosure or REO

March 11, 2012

Carlsbad, Foreclosures, San Diego

by Roberta Murphy So many real estate investors and home buyers have their sights set on buying a foreclosure, REO’s and bank owned properties, hoping to buy real estate at prices substantially below market. But how to negotiate and navigate them to closing? REO’s and bank-owned homes are a “congested” area of the San Diego

A Lesson for Banks–From Tucson

July 5, 2011

Foreclosures, Market Trends

Tuscon Realtor Dave Smith should have been hired by the banks five years ago. Had they heeded his advice about dumping foreclosures onto the market in “as-is” condition, they might be in much healthier financial condition today. This week we are so honored to have Tucson Realtor Dave Smith visit our San Diego real estate

San Diego Short Sale and Credit Report Solution

May 13, 2011

Best of San Diego, Foreclosures, Living in San Diego, Short Sales

by Roberta Murphy—Carlsbad, CA What Should I Pay First: My Mortgage or Credit Card Bills? If your mortgage balance is more than your San Diego home is worth and you are faced with paying one or the other, consider paying credit card and other bills first. This coming from a real estate professional may surprise you,

San Diego Foreclosure Halt: 3 Winners + 3 Losers

October 11, 2010

Foreclosures

2 Comments

San Diego real estate circles are abuzz with discussion about Bank of America’s (and others) foreclosure halt. The general consensus is that those buyers who acquired foreclosures and have already closed on them will likely be safe, especially if title insurance was in place. In jeopardy are those transactions in escrow or those in preparation

Help Protect San Diego Foreclosed Homeowners

September 1, 2010

Foreclosures

3 Comments

by Roberta Murphy 10/02/2010 Note: It is our understanding that Governor Schwarzenegger DID NOT sign this bill which would have provided some needed relief for San Diego foreclosed homeowners who refinanced out of their original mortgages. I’m not here to argue the merits of letting the San Diego real estate market with its short sales