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Home Selling in 90502 : Real Estate Advice

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  • Local Info0
  • Home Buying1
  • Home Selling0
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Activity 7
Sat Mar 17, 2012
Mary Claus answered:
Hello Kay~

All of the areas in the South Bay have sales activity. The important selling factor is the price. Homes that are priced at market value, and are in good condition are selling fastest. Homes priced under 700K seem to be selling faster than the ones above that price point.

This is a great move up market if you are thinking of selling your current home and trading up. Please let me know if you'd like some recent sales activity sent to you. I can also give you more detailed information about the current market around us.

Warmest Regards,
Mary Claus & Allyce McAlarnis, Realtors
2008, 2009 and 2010 Gold Top Team Award
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Tue Nov 15, 2011
Lew Corcoran answered:
In short - no. Under the Mortgage Forgiveness Debt Relief Act, you may be able to exclude up to $2 million in debt forgiven from non-payment of the balance of a mortgage balance on your principal residence. The debt forgiveness applies to calendar years 2007 - 2012.

For more information, see the IRS webpage at,,id=179414,00.html.

You may also wish to consult with an attorney to ensure you're protected.
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Wed Feb 2, 2011
Helen Chong answered:
Dear John: there isn't really an acceptable rate per se, it's negotiable between you and the listing agent. I will be more than happy to discuss further with you about selling your home and what we can do to market your property! Please call or email me at anytime! 310-309-9393 or ... more
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Sat Mar 13, 2010
Lydia Yaffe answered:
I'm not sure you would be consider a condo without an HOA. You may want to consult a real estate attorney on this one.
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Fri Jan 10, 2014
The Medford Team answered:

A settlement has to be negotiated with BOTH lenders. In most cases, the first usually signs off fairly quickly. We’ve found it is the second that gives us the most trouble. Hoping that won’t be true in your case, HOWEVER, we’ve done a number of these and that’s the way it usually works out. The second will want the first to make some concessions so that both usually end up hurting your credit. ... more
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Tue Aug 18, 2009
Of course you can sell and buy, but the question is if you can qualify for a new mortgage.
Can you?
I understand you have great credit, but if you will short sale your home your credit is not going to be that great.
I'm not sure if its good now. normaly after a loan modification the credit could be at risk(please check your credit again).
The second issue is your income. These days lenders are looking at the borrowers income more then looking at just a good credit.
About your house that is not selling, I can get you someone good from your area that can help you to sell your home quickly.
Let me know.

Good luck
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Sat Sep 6, 2008
Yvonne Cousar answered:
Hi Dee....... talk to your CPA. Rent is income to the property owner and it does not matter if the rent is greater than or less than the mortgage. However, you will probably be able to deduct the expenses you pay in maintaining the rental from whatever income you are paid. This could be a benefit to you.

Yvonne Baker, Real Estate Consultant
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