Overview of Short Sales & Working with Real Estate Professionals

Short Sales -- An Overview and Warning to Real Estate 

Licensees Re: Fraud, and Legal and Ethical Minefields1 

By Wayne Bell, Chief Counsel 

Mark Tutera, Senior Deputy Commissioner 

Resources that are Efficient and Thorough

In real estate, using an agent to find the home market or office information you need is free. The landlord or seller pays the agents for helping you purchase their listings. It’s a true win-win for buyers in maximizing your resources and network of information. 

Most professionals and buyers do not have much time to spend looking for homes and office space these days. Business owners, employees and entrepreneurs already have a full-time job trying to run a successful business, right? They do not need to be wasting energy that could in turn be spent generating revenue for their companies and themselves. 


If you need to find a home or an office, consider using a professional as your "Free Human Search Engine." My expertise and access to private systems not only saves you time, but money. This is what I do for my clients, so if you have any real estate questions or need help, please call me at (949) 922.8148.


Nicole McFadden
PFEIF RESIDENTIAL GROUP
nicole@nicolemcfadden.com
DIRECT: 949.922.8148

Second Property Tax Installment Due April 10th

April is coming quickly and I want to be sure you remember that your 2nd installment is due by April 10th.  The county will charge a 10% penalty and an additional $23.00 to your bill if it is past the 10th. 

Just Closed

Aliso Viejo, CA

3 Bedrooms, 2 1/2 Baths

Very open and spacious 1,567 sqft. condominium with a great end location!

Home Buyer Tax Credit

Q 1. Who is considered a first-time homebuyer?   

A  A homebuyer is considered a first-time buyer if all of the following requirements are satisfied:

1.  The main home is purchased in the United States, and

It is purchased after Dec. 31, 2008 and before May 1, 2010, or

It is purchased after April 30, 2010 and before July 1, 2010 and the buyer entered into a binding purchase contract before May 1, 2010 with the close of escrow before July 1, 2010.

2.  The buyer (and spouse if married) did not own any other main home during the 3-year period ending on the date of purchase.

3.  The buyer does not satisfy any of the conditions listed in Question 3. 

(Source: Instructions for Form 5405  (rev. Dec. 2009).)

To Read More: http://www.car.org/legal/legal-questions-answers/2010-qa/homebuyer-tax-credit-update/