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Short Sales

Short Sale Stalled Due To A Judgment Lien?

SHORT SALE STALLED DUE TO A JUDGMENT LIEN? HOMESTEAD EXEMPTION MAY BE THE ANSWER! Question: I am a real estate broker and represent a homeowner trying to do a short sale as the home’s fair market value is less than the amount of the first position loan. An offer has come in, acceptable to the homeowner, […]

Latest Developments: Mortgage Forgiveness Debt Relief Act

Latest developments concerning the extension of the Mortgage Forgiveness Debt Relief Act Following up on my earlier blog on the subject, President Obama signed the bill on December 19, 2014, so it is now law, and means that for any homeowners who either went through a short sale or foreclosure of their primary residence in 2014 […]

Mortgage Forgiveness Debt Relief Act Extended

Mortgage Forgiveness Debt Relief Act through December 31, 2014 As expected, the Senate yesterday passed H.R. 5771: the Tax Increase Prevention Act of 2014, by a vote of 76 – 16, without amendment, so the bill goes on to President Obama for signature. One of the provisions of this Act extends the Mortgage Forgiveness Debt […]

Extension of the Mortgage Forgiveness Debt Relief Act!

BREAKING NEWS…One Year Extension of the Mortgage Forgiveness Debt Relief Act! For any home owner who has engaged in a short sale of their primary dwelling in 2014 (or may be ready to do so before the end of this year), or had to go through a foreclosure this year, and ended up effectively paying […]

Homeowner Advocacy and Legal Options Program

“HALO” “Homeowner Advocacy and Legal Options Program” Presented by Total Property Resources LLC and Ambrose Law Group LLC Total Property Resources, LLC, in conjunction with Ambrose Law Group LLC, is proud to present HALO — the “Homeowner Advocacy and Legal Options” program–for your home and investment real estate. In this difficult economic climate, borrowers/property owners […]

Hope For Underwater Property Owners!

TOTAL PROPERTY RESOURCES ANNOUNCES THERE IS HOPE FOR UNDERWATER PROPERTY OWNERS! Oregonians living in Crook, Deschutes, Jackson, Jefferson, and Josephine Counties can now take advantage of a new and innovative government-funded program (The Loan Refinancing Assistance Pilot Project “LRAPP”) intended to enable you to stay in your home on an affordable and realistic basis. LRAPP makes short […]

BEND REAL ESTATE MARKET UPDATE Q3 2014

Bend, Oregon Home Prices in Q3 2014   BEND MARKET-WIDE ACTIVITY At the end of September 2014, there were 650 single-family homes for sale, 360 pending sales, and 1,679 homes sold through the third quarter of 2014. The number of homes sold is down 1.76% from this time last year, but the average and median […]

A Critical Change to Borrower Deficiency Liability

A Critical Change to Borrower Deficiency Liability For anyone involved in the real estate finance industry in Oregon, one should be aware of a critical change in the definition of a “residential trust deed”, which occurred when Governor Kitzhaber signed HB 3389 this past Friday, July 19, 2013. This change is the third iteration of […]

Debt Relief, Short Sales, Deficiencies, Oh My!

Debt Relief, Short Sales, Deficiencies, Oh My! (think Lions, and Tigers and Bears …) Question: I am considering selling my home in a short sale, but my Oregon real estate broker has told me that I may be subject to taxes because of the December 31st expiration of a federal act providing relief to distressed […]

HAFA Short Sale Preapproval Letters

HAFA SHORT SALE PREAPPROVAL LETTERS (Read The Fine Print!) Question: My home is underwater. I have both a first position loan and a second position loan. The current property value is less than the amount owing on the first position loan, and the balance owed on the second position loan is $100,000. I just received […]

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