IET Real Estate Blog 
Reputable Southern California Credit Repair - Restoration Firm referral wanted
Wednesday, April 15th, 2009 at 2:59pm. 107 Views, 0 Comments.
Looking for a reputable credit repair / restoration firm I can use for buyer clients and seller clients (post short-sale)
Anybody have a credible person or company they have an established relationship with I can feel comfortable referring my clients too?
Thanks,
Come out and Meet some of the IET agents at the CAR Home Buyers Fair this weekend at the LA Convention Center
Wednesday, April 15th, 2009 at 1:29am. 143 Views, 0 Comments.
Come visit IET Real Estate at the CAR Homebuyers fair at the Los Angeles Convention Center 4/19 between 3-4pm at the RSAOR booth
The value of my house has dropped. How do I lower my property taxes? (LA County Only)
Monday, April 13th, 2009 at 9:56pm. 587 Views, 0 Comments.
This is a really complicated process and I don't have alot of teaching experience so I hope you can get all of this in one sitting...
Now please allow me to go rest after that long, strenous teaching session...
If you choose to pay someone or some…
Should I Refinance or not?
Monday, April 13th, 2009 at 9:44pm. 83 Views, 0 Comments.
I guess I felt a little guilty about my outrage directed at all those fence straddlers I sent home in my last post,... so I went out and found this article just for you guys...
Mortgage Rates Update: 4/13/09 If you are not calling IET Capital at 562 360-1027 to refinance right now u need to have your head examined!!!!!!!
Monday, April 13th, 2009 at 3:59pm. 74 Views, 0 Comments.
I just locked a 95% 30yr fixed FHA Rate & Term Refinance loan on a 30 day lock at 5%
No points No fees No costs to client...None...our Investor is paying us to deliver these loans to them.
This is what you need to do:
Call IET Capital at 562 360-1027
Click here to e-mail the first available rep
Or apply online at http://www.ietcapital.com/apply-financing.php
If you are not doing anything and everything you can to refinance right now you are missing out on what will most likely be a a once in a lifetime opportunity... I'm not going to apologize for coming across as too sale-esy or too strong here. What I'm telling you to do is in your best interest. There is no time to beat around the bush or think about this. Fence straddlers Go Home! This…
Do I have to pay taxes after my Short Sale/Foreclosure/Loan Modification/Short Pay Refi/Principal Reduction?
Sunday, April 12th, 2009 at 8:12pm. 1006 Views, 0 Comments.
For liability reasons it "wouldn't be prudent" for us to give you direct advice on this topic but here are some excellent sources of information for you to review with either your CPA or Tax Lawyer.
IRS Links:
IRS FAQ re: The Mortgage Forgiveness Debt Relief Act and Debt Cancellation
IRS News Update: Mortgage Workouts, Now Tax-Free for Many Homeowners; Claim Relief on Newly-Revised IRS Form
IRS Publication 4681 re: Canceled, Debts, Foreclosures and Abandonments
IRS Form 982
2009 Home Buyer Tax Credit
Friday, April 3rd, 2009 at 9:35pm. 729 Views, 0 Comments.
$8,000 2009 Home Buyer Tax Credit Details
click here if you are looking for info on the 2009-2010 tax credit extension that passed in November 2009?
The recently approved American Recovery and Reinvestment Act of 2009, combined with favorable resale prices and interest rates, offers home buying bargain hunters a once in a lifetime purchasing opportunity. The measure has features designed to stimulate the economy and spur home sales with the hope that this will trigger a ripple effect throughout the overall economy. Features include:
- An $8,000 tax credit - up from $7,500 - available to first-time home buyers for purchase of principal residence after January 1 and before December 1 2009.
- The credit applies only to homes purchased during 2009.
- The…
Mortgage Broker vs Attorney :: Who can I trust to modify my loan?
Friday, March 20th, 2009 at 8:54pm. 1616 Views, 1 Comments.
Lots of lawyers or "Law Groups" are spending lots of money trying to convince consumers Mortgage Brokers and Real Estate Agents are bad and Lawyers are good. To me this is like a fox offering a Chicken a "safe haven" in its den from a Cat its running for its life from.
Here are some issues a homeowner should be aware of before choosing any person or company to modify their loan:
- Who is telling me what type of loan modification results I'm likely to get? A salesperson on commission for getting my check? or someone with experience negotiating with different lenders' Loss Mitigation Departments?
- Who will be negotiating with my lender? An actual attorney, or an out of work, unlicensed, former sub-prime mortgage flunkee who is doing loan mods now? …
Loan Modification Ideas
Thursday, March 19th, 2009 at 3:03am. 80 Views, 0 Comments.
Just wanted to start this thread to get some ideas out there. I think too much negative energy is being spent on figuring out who to blame for our Economic problems and not enough positive focus on coming up with creative solutions. These rough draft ideas are my humble attempt to put something out there to change that...
1)
Principal Reduction: Homeowners want it, Banks don't. I believe there is a way to give principal reduction that would be less pain for banks than continuing with their current loss mitigation strategies.
In many areas of the country there is big gap between current market value and amount owed against the property. A foreclosure forces a lender to realize the loss immediately on books. Why not reduce principal but create a…
FHA "Hope For Home Owners" Program Update - As of Febuary 2009 25 Households Helped...Nationwide!!!
Thursday, February 19th, 2009 at 7:25pm. 240 Views, 0 Comments.
Interesting article, it says that only 25 people in the whole country have qualified for the "Hope for Homeowners" program...25 in the whole country... with the guidelines setup as they were though I'm surprised its even that high. Despite its name this program has not exactly been what I would call a "light at the end of the tunnel" for US Households.
http://www.businessweek.com//bwdaily/dnflash/content/feb2009/db20090218_423745.htm?chan=top+news_top+news+index+-+temp_news+%2B+analysis
I do think there will be some major changes in lender willingness to do loan mods between now and end of 2009, especially with regard to their willingness to reduce principal balances, stay tuned...
Update 3/24/09: Here is a new article from Inman News with some…
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