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What are the Tax Implications from a Short Sale

What are the Tax Implications from a Short Sale

Tax Implications   Borrowers are often concerned about the tax consequences of a short sale. This is because, up until fairly recently, mortgage debt on a primary residence that was forgiven from a Short Sale or Foreclosure could be counted...

Do You Qualify for a Short Sale Transaction

Do You Qualify for a Short Sale Transaction

Many people wonder why the bank would allow them to participate in a short sale transaction.Can anyone short sale their property? In all short sales, the bank must assure that the borrower qualifies for the transaction. Most mortgage lenders...

Frequently Asked Questions about Short Sales

Frequently Asked Questions about Short Sales

Frequently Asked Questions about Short Sales Here are the answers to the most Frequently Asked Questions about Short Sales: 1. I can’t make my house payments, but I do have an ability to pay back all or part of the negative equity. Also, I want...

The Short Sale Process

The Short Sale Process

The Short Sale Process begins when you sign a listing agreement to list your home for sale. At this time, your real estate agent will collect a number of personal documents that will be sent to your mortgage lender as part of a short sale...

Why Do a Short Sale?

Why Do a Short Sale?

Many borrowers wonder, “Why bother with a short sale? Shouldn’t I just let my property go to foreclosure?” – In most cases, the answer is ‘no.’ A short sale is a much better alternative to foreclosure or a deed-in-lieu of foreclosure because a short sale is...

What Is a Short Sale?

What Is a Short Sale?

GENERAL INFORMATION Mortgage default is occurring in record numbers in San Diego County, particularly in Escondido, San Marcos, Vista, Oceanside, Carlsbad, Encinitas, Fallbrook, and Valley Center. A significant percentage of California borrowers are behind...

Finding Harmony: Feng Shui Basics for Your Home

Finding Harmony: Feng Shui Basics for Your Home

You may already know about Feng Shui (pronounced “fung shway”) as it has gained popularity through celebrity enthusiasts like Gwyneth Paltrow and Marie Kondo. While this ancient Chinese belief—that the way your house is built or the way that you arrange objects...

How Broadpoint Properties Handles Fair Housing Law

How Broadpoint Properties Handles Fair Housing Law

How Broadpoint Properties Handles Fair Housing Law All of us at Broadpoint Properties are outraged about the recent murder of another Black person by Minneapolis police officers and the continued violent response by police against protestors. We have to speak out. We...

Should I Downsize My Home?

Should I Downsize My Home?

More and more people are considering downsizing their homes due to a wide variety of situations. You can benefit from downsizing by saving both stress and money. See the infographic below for some of the top reasons why people are doing it.   If you strongly...