Beware of List Price: Foot Traffic and Competitive Bidding Flock Back into Housing

  • January 16th, 2013
  • devinlucas

Newport Beach, Costa Mesa and Orange County Buyers Beware – As many prospective home buyers today are keenly aware, lack of inventory, all cash buyers and record low interest rates have created a competitive marketplace.  A “seller’s market” of the past has returned to many above-water homeowners wanting to sell, especially in such great locations as Newport […]

Mortgage Forgiveness Debt Relief Act Extended – Good For Home Supply; Mixed Messages For Economy

  • January 2nd, 2013
  • devinlucas

As part of the so-called “fiscal cliff” negotiations, Congresses’ late night settlement included a one-year extension of the Mortgage Forgiveness Debt Relief Act. Essentially, this allows underwater borrowers (those who owe more on their mortgage than their home is currently worth) to “discharge” any tax liability for loss incurred from a short sale, foreclosure or […]