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Martinez Short Sale Update, Mortgage Debt Relief Act Extended Through 2013!

Great news for Martinez short sale homeowners!  Today is January 2nd and happy new year to you again. We just received word that the Mortgage Debt Forgiveness Relief Act is being extended for another year. This was an act that have been put into place in 2007. It allowed people if they qualified within certain criteria to be able to not have a taxable event on the money that, you know, the lender was basically forgiven. There was no taxes on the forgiven debt after a short sale had been completed, thus many Martinez short sale homeowners were protected on Federal and State taxes.

For most Martinez short sale folks who are looking to do that, they were trying to get their property closed by the December 31st of 2012, to make sure that they fell within the time frame for them to be qualified for this tax exemption. A lot of people were getting really nervous. We just closed a lot of short sales just in the last week of December to make sure everybody got through. At that point, we didn’t know if the law was going to be extended into 2013, but I can say at this point, today being January 2nd, it has been extended out into 2013 until the end of the year.

If you have any questions on how that works, obviously you want to talk to your CPA who prepares your taxes, but we can also give you some guidance and give you some resources on where to go to find out what the tax implications of the short sale might be for you. Of course we can take care of the entire short sale process for you,if you’re thinking about selling in 2013. Again, if you live in Pleasant Hill, if you live in Concord, if you live in Lafayette, Martinez, anywhere in that area, off the 24/680 Corridor, we are your short sale specialists. Let us know how we can help with your Martinez short sale.

 

*** Please consult with your CPA or tax preparer regarding tax issues related to your home. We are not licensed tax advisors nor attorneys ***

Martinez Short Sale Update | Congress extends Mortgage Debt Relief Act

Martinez Short Sale Update | Congress extends Mortgage Debt Relief Act

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Martinez short sale Sold!

by Scott Fuller on July 30, 2012

Martinez Short Sale

24 Donegal Way, Martinez

Short sale in Martinez listed on the market by East Bay Short Sale Group Sold!

This Martinez short sale is a 3 bedroom, 2 bath 1584 square foot townhome with several updates throughout the home. Updates include granite countertops, lighting, wood floors, built-in outdoor bbq and great landscaping. This short sale in Martinez is in a fantastic location on Pleasant Hill border conveniently located near fine dining, shopping, community parks, Amtrak, Bart and freeways

Once contacted by the homeowner inquiring about a short sale, East Bay Short Sale Group’s team of short sale specialists listed the property and in 3 days this short sale was pending. Our team worked with the seller in putting together the short sale package – this included: hardship letter, Information on the HOA, RMA (request for mortgage assistance), tax returns, W-2’s, bank statements, proof of income, and 3rd party authorization. Once we had a completed package, we submitted to the 1st and 2nd liens (both with Citi Mortgage). East Bay Short Sale Group negotiated with Citi on the terms and was given short sale approval. This process took 3 months and the buyer was able to close escrow one month later – so the entire process took only 4 months! The seller was relieved of this burden and the buyer was thrilled to have this home!

If you live in Martinez or the surrounding area, contact us at the East Bay Short Sale Group to help you successfully close your short sale. We cover both Contra Costa and Alameda Counties. We offer free consultations and can help you determine the viability of a short sale and estimate the timeframe to close. Our team has extensive experience working with sellers and can close your short sale with no out of pocket costs to you! You can become our next success story, just like this short sale in Martinez!

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Martinez Short, CA Short Sale Sold!

May 1, 2012

Martinez short sale sold by East Bay Short Sale Group. This Charming 2 level Townhouse located on the border of Pleasant Hill, is conveniently located near fine dining, shopping, community parks, Amtrak, Bart and freeways. Victorian homes, brick storefronts and two grand government buildings give Martinez a small-town atmosphere. The downtown is notable for its more »

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Martinez Short Sale Pending after 3 Days!

March 27, 2012

    Martinez short sale listed on the market by East Bay Short Sale Group and after just three days on the MLS we had an offer and listing went pending!  Our team at Eastbay short sale group has extensive experience working with sellers and negotiating short sales. This charming two story townhouse has 3 more »

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Charming Martinez Short Sale Back on Market

March 8, 2012

Martinez short sale back on the market by East Bay Short Sale Group. This Charming 2 level Townhouse located on the border of Pleasant Hill, is conveniently located near fine dining, shopping, community parks, Amtrak, Bart and freeways. Victorian homes, brick storefronts and two grand government buildings give Martinez a small-town atmosphere. The downtown is notable for more »

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Martinez Short Sale – Pleasant Hill Border, Updated Townhouse!

December 15, 2011

Martinez short sale just listed on the market by East Bay Short Sale Group. This Charming 2 level Townhouse located on the border of Pleasant Hill, is conveniently located near fine dining, shopping, community parks, Amtrak, Bart and freeways. Victorian homes, brick storefronts and two grand government buildings give Martinez a small-town atmosphere. The downtown more »

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Just Listed – 60 Gilrix Dr. Martinez

October 12, 2010

Corner Lot Location, Upgraded Kitchen, More! Overview Maps Photos $274,900 Single Family Home Main Features 3 Bedrooms2 BathroomsInterior: 1312 sqftLot: 9,990 sqft Location 60 Gilrix Dr.Martinez, CA 94533USA To get updates on open home dates and other property events, please click the “Like” button below: Scott R. Fuller J. Rockcliff Realtors(925) 567-6720pacific_949@yahoo.com Listed by: J. more »

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