Picture Perfect
Thursday, January 21st, 2010Earlier today I was searching the MLS looking for condos to show a client. I came across one that looked particularly nice and, from the photos, appeared to have a very spacious living room. But as I looked closer, I realized that I have seen this floor plan many times and the living room isn’t […]
Free Foreclosure Workshop
Wednesday, January 13th, 2010There are two upcoming workshops for people who are worried about foreclosure or are going through the foreclosure process. The event is presented by OC HOPE (Orange County Home Ownership Preservation Collaborative) and sponsored by the Orange County Association of REALTORS. The workshops are free and will be in both English and Spanish. You will […]
Divorce and Filing Your Income Tax
Monday, November 9th, 2009I met an income tax specialist at a recent networking event. We discussed real estate and divorce and taxes. Later in the day I received an email from him that I copied and pasted below. It just goes to show the importance of consulting qualified professionals during the divorce process.
Hi Marion,
As we left breakfast, I […]
You Can Quitclaim Title But Not The Loan
Friday, November 6th, 2009Common divorce scenarios:
A couple is going through a divorce. One spouse wants to keep the house and agrees to make the payments. The other spouse wants to rid himself or herself of the house all together.
or
Due to the recent decline in the market, the house has lost value and there is little or no equity. […]
Investors Beware
Monday, November 2nd, 2009Many savvy investors buy and sell real estate by doing 1031 exchanges. With the decline in real estate prices over the last few years, some investors may think they are selling a property at a loss and therefore do not need to do another 1031 exchange. But before you do anything, be sure and consult a […]
A Tough Thing for Many Sellers
Thursday, October 15th, 2009In his book, Duct Tape Marketing(Chapter 1, page 10), John Jantsch writes “A tough thing for some small business owners to swallow is that it doesn’t really matter what you like or dislike, what matters is what your target market likes or dislikes”.
When I read this, the first thing I thought was that this also […]
Get a C.L.U.E. Report
Tuesday, August 18th, 2009When you make an offer on a house, make it contingent on the seller providing a C.L.U.E. report. Comprehensive Loss Underwriting Exchange, hence the name C.L.U.E. report, is an information exchange insurance companies use to obtain prior claim history of personal property as well as automobiles.
Why is the claim history on the house important to […]
Keeping the Divorce House
Tuesday, August 11th, 2009Many divorce specialists say that it is “never” a good idea for one spouse to keep the marital house. I disagree. As they say, “you should never say never”. While in many cases, it is best to sell the house when you get a divorce, sometimes it actually make sense for one spouse to keep the house.
I […]
Really Successful People Are “Go-Givers”
Sunday, August 2nd, 2009At the beginning of a seminar I recently attended, the presenter held up a thin little red book and highly recommended that everyone read it. The next day I bought the book and read it immediately. Now I am recommending it to you. The book is The Go-Giver by Bob Burg and John David Mann. It […]
Help For Divorcing Homeowners
Thursday, July 30th, 2009Going through a divorce is a very tough and emotional experience. Decisions regarding your house are part of this emotional upheaval. Typically your equity is calculated using appraised value less the outstanding loan balance. However, if one spouse decides to keep the house, appraisal minus mortgage does not equal equity. I have heard horror stories […]
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