If a property is being sold as a Short Sale it means that the loan on the property is for more money than the property can be sold for. There is a shortage of funds due the lender. Sometimes a lender will forgive this amount and sometimes it will not. If the amount is forgiven it may not be a win for the seller because they may have to show this amount “forgiven” as income in their taxes the following year. It must be shown as income because it was money that was owed by the seller through a note to buy the property, but not paid back to the lender and the IRS looks at this as money in your pocket even though you never see the money.

San Mateo, the second largest city in the county, had 103 Condos and Townhouses for sale last week, and believe it or not, this is a reduction from previous weeks.  The Median Price was $450,000.  The Average Price was $552,510 with the least expensive unit priced at $238,000 (a steal of a price for a [...]

If you are new to California, and especially to San Mateo County, buying a house here is likely going to
be a different experience than what you’ve experienced in your old state.  To begin with we do not use lawyers in the buying and selling process.  In our area, Northern California, the Title and Escrow Company [...]

We are approaching the end of the year, yup, Q3 is just about over, and then the year winds down with
Q4.  Did you know that there might be a way to find some much needed money to buy a house with the help of your family?   If you have the income to pay a monthly [...]

If you are fairly new to buying and selling real estate, meaning you
entered the real estate market this decade, you are probably unfamiliar
with the term Points.  Points are unique to our country, no where
else in the world is the buyer offered the opportunity to buy down
their interest rate.  But in the USA, our banking institutions [...]