Good News for processing Short Sales faster and with more transparency, Freddie Mac (OTC: FMCC) is updating its timelines and also requiring servicers to provide weekly updates when decisions take more than 30 days after the receipt of a complete application for a short sale under the Obama Administration’s Home Affordable [...]
As a La Jolla homeowner there are always two dreaded dates on a the Calendar! The fist installment is due on December 10th, and the second installment is due on April 10th! Why? Those are the dates that property taxes are due!
Mortgage servicers will be kept to strict short sale timelines agreed to under the state Attorneys General foreclosure settlement this week.
As part of a settlement the five largest mortgage servicers are adopting new requirements for short sales, which is expected to speed-up what has been known as a lengthy [...]
Quick update on the Mellos Roos Assessment! Just as the tax-filing deadline has come and gone “the Franchise Tax Board abandoned its campaign to get California property owners not to deduct a portion of their real estate taxes” per San Francisco Chronicle. If you are a California homeowner and your [...]
As a La Jolla Realtor one of the biggest questions I get asked from either my Sellers or my Buyers is: Who pays what in a transaction? In California once a home is under contract we have third party Company called Escrow that facilitates the transaction. The true definition of escrow is:
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Effective December 1, 2011 the County of San Diego Recorder’s office has re-instituted Special Recordings for SALE transactions only!
Your La Jolla home escrows can now close in a timelier manner by allowing you to fund the loan and record all on the same day!
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