by Leila Mortaz | Oct 5, 2015 | Home Seller Tips, Real Estate (Residential), REOs, Short Sales
With the serious shortage of inventory in Silicon Valley, it harder to find a property let alone a fixer upper that you can use for flip for profit. But there are still gems in some pockets of the valley that are ideal candidates for remodeling. Let’s assume...
by Leila Mortaz | Oct 4, 2014 | Real Estate (Residential), Short Sales
Are you considering a short sale on your Saratoga home? Are you wondering if you will owe IRS taxes on the forgiven debt? Well, we are not licensed as CPA or Tax Planners, so we strongly recommend you explore the tax consequences of your Saratoga Short Sale. But...
by Leila Mortaz | Oct 1, 2014 | Home Seller Tips, Real Estate (Residential), San Jose Short Sales, Short Sale Expert Advice, Short Sales
Despite double digit increase in California home values more than 4,500 mortgages are still under water. So, if you need to Short Sale your home to avoid foreclosures or bankruptcy. But how soon can you get a home loan after you complete your Short Sale? The good...
by Leila Mortaz | Sep 17, 2014 | Home Buyer Tips, Los Gatos Short Sale, Real Estate (Residential), REOs, Short Sales
Are you a cash investor looking to buy homes in Silicon Valley? Are you targeting distressed homes to buy? It might be worth exploring the major difference between buying Short Sales vs REOs since each of them have it’s own risks associated with it. But...
by Leila Mortaz | Sep 11, 2014 | Los Gatos Short Sale, Real Estate (Residential), Short Sale Expert Advice, Short Sales
Are you considering a short sale? Are you wondering if you could owe taxes on the forgiven debt that the lender could report to IRS and your State as income? We strongly recommend our clients to meet their CPA or Tax Planner to discuss the tax consequences of their...
by Leila Mortaz | Sep 10, 2014 | Real Estate (Residential), San Jose Short Sales, Short Sale Expert Advice, Short Sales
If your home loan is stil under water despite the massive price appreciation, then it might be wise to consider a Short Sale. As part of a Bank of America (BofA) Short Sale on your San Jose Home, the bank will insist on a HAFA Affidavit which is signed by both buyers...
