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Would you sell your Los Gatos house if you could shelter your Tax Liability!?
When I talked to one our neihbors Gil he told me that one Realtor had told him that he would owe about $160,000 in taxes when he sold his Los Gatos house. He is not alone since some Los Gatos home owners who have huge appreciation trapped in their home are reluctant...
Wells Fargo pays cash for your San Jose Short Sale!
Wells Fargo has finally decided to join the ranks of lender such as Bank of America, Chase and others who are offering $20-$30,000 of relocation incentive on Short Sale. So if you have a Wells Fargo, Wachovia, or World Savings Loan on your San Jose home, then you...
How student loan crisis could destroy home ownership dreams!
According to the Federal Reserve Bank of New York roughly 13 percent of students owe more than $50,000, and nearly 4 percent owe more than $100,000 in student loan debt. The alarming fact is that majority of these loans are beyond the student's ability to repay them;...
Top 5 secrets on buying homes at Foreclosure Auction!
If you are a cash investor interested in buying at foreclosure auctions there are some good deals still around, but it's wise to consider the following information before yuo start bidding: 1) Ownership: Chain of title might not be so easy to establish if you...
REO vs Foreclosure Auctions!?
In previous posts we explored the difference between REOs and Short Sales to help our investors develop an effective strategy for distress property acquisition. And no such strategy would be complete without a closer look at Foreclosure Auctions. In this post, we...
All things being equal should you buy an REO or a Short Sale?!
If you had a choice between buying an REO or a Short Sale, which one makes more sense!? Let's examine the difference between the 2 Sale Types to help you decide:1) Time Factor: Short Sale are time bombs since the mere fact that the property is being sold as a short...