Comments for San Diego House Rebate: Ask About Foreclosures!

Comment on Can Bankruptcy Judges Fix Home Loans? by President Obama Offers Up $75 Billion Foreclosure Bail Out | Loanmoddirectory.com

Fri, 20 Feb 2009 19:05:58 +0000

[...] Obama is also supporting legislation that will allow bankruptcy judges to chage the terms of mortgages, a measure that is currently opposed by major lenders and the banking [...]

Comment on Can Bankruptcy Judges Fix Home Loans? by President Obama Offers Up $75 Billion Foreclosure Rescue « San Diego House Rebate: Ask About Foreclosures!

Fri, 20 Feb 2009 15:19:19 +0000

[...] Obama is also supporting legislation that will allow bankruptcy judges to chage the terms of mortgages, a measure that is currently opposed by major lenders and the banking [...]

Comment on Could a new Tax Credit make this the time to buy? by Senate Bill Raises The Conforming Loan Limit « San Diego House Rebate: Ask About Foreclosures!

Thu, 19 Feb 2009 18:39:34 +0000

[...] The Full Service Real Estate Company That Will Save You Thousands of Dollars! « Could a new Tax Credit make this the time to buy? Fannie Mae Lifts 4-Property Limit for Investors [...]

Comment on Could a new Tax Credit make this the time to buy? by Senate Bill Raises The Conforming Loan Limit « San Diego House Rebate: Ask About Foreclosures!

Thu, 19 Feb 2009 18:35:19 +0000

[...] bill also increases the first-time home buyer credit from $7,500 to $8,000 mentioned in a previous blog post, and removes the requirement that the credit be paid back if the buyer stays in the home for at [...]

Comment on Could a new Tax Credit make this the time to buy? by Energy Hoarder

Energy Hoarder — Sat, 14 Feb 2009 04:12:06 +0000

Make sure you check out your investment before you move in by getting a home energy audit. You’ll know how much your bills will be in advance and can help you make a more informed choice on a home.

Comment on Could a new Tax Credit make this the time to buy? by sdhouserebate

sdhouserebate — Fri, 13 Feb 2009 19:11:43 +0000

Thanks Ron, It is assumed that folks would know that their total tax liability may not reach $7500 and so the credit only applies up to their tax liabilty. Incidentally since this post was written the proposal has changed and the proposed maximum credit was reduced to only $8000, so AS MUCH AS $4000 per year depending on your total tax liability.

Comment on Could a new Tax Credit make this the time to buy? by Ron Parrish

Ron Parrish — Mon, 09 Feb 2009 15:05:34 +0000

The example you use is partly correct:
For example, if you buy a house with a purchase price of $300,000, you would qualify for the maximum credit of $15,000. The first year you claim the credit, you would receive $7,500, and you would receive the remaining $7,500 the next year.

However, the $15000 is only allowed up to the amount of total tax liability. Your tax liability for both years may not be $15000. It is misguided information.

Thanks

Comment on San Diego Foreclosure Numbers Decrease Partly Due To Loan Modifications by Mike

Mike — Wed, 21 Jan 2009 19:55:09 +0000

We have a great opportunity to assist our government and our fellow citizens at the same time.

Foreclosed homes can be bought at a low cost, fixed and resold.

But you don’t have to make a profit if you don’t want to.

Here’s how we as investors can help:

I have a formula on my website that will tell you how much profit you can make BEFORE you buy the property.

Once you figure out the profit, just subtract it and this gives you the price to sell the home at cost and recoup your repair cost. Then sell it to a deserving family who would not necessarily be able to afford that type of home. You will be helping to get rid of a foreclosed home that brings down property values and put someone in a home that will eventually increase in value. Not to mention the good deed you have just done for a family.
http://www.forclosedhomestoday.com

Comment on San Diego Foreclosure Property Inventory Increasing by Soon to be FORMER Mission Fed Customer

Soon to be FORMER Mission Fed Customer — Wed, 21 Jan 2009 06:46:14 +0000

Interestingly, I met with John Cooke at Mission Federal Credit Union today, and he basically told this member to bend over the other way, while he forecloses on a loan that has NEVER been late or missed a payment, since I cannot come up with enough money to make the balloon payment. He was more concerned about making sure that he collects on that note rather than trying to help. And I am only asking for an extension on a maturity date for the balloon payment, since I got laid off and can’t get another loan right now. I guess he forgot that line about “the purpose of the credit union is to help its members”. I’d ask him for some references for people he has actually helped before I believe the hype.

Comment on San Diego Foreclosure Numbers Decrease Partly Due To Loan Modifications by Tony

Tony — Wed, 21 Jan 2009 04:59:20 +0000

Although loan modifications help reduce foreclosures, it is still not the answer to our economy’s problems. They should start stripping loans