Archive for Real Estate News

Obama is Re-elected President, What Does This Mean for the Debt Forgiveness Relief Act?

Here is an email I received from Attorney Steve Beede. With Obama being re-elected, it appears that the Debt Forgiveness Relief Act will be extended.

If you would like to stay current and up to date on legal aspects of real estate, contact me today and I will place you on a newsletter.

More news to follow

Jason

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BPE Law Group E-News
Business – Property – Estate Planning
November 6, 2012
Dear Jason,

It’s 9pm in Sacramento and it appears certain that President Obama will be re-elected. What this should mean is that the Debt Forgiveness Relief Act will be extended. Obama’s Budget proposal calls for an extension through 2014. Other measures would extend shorter or longer. We should know for certain very shortly.

Rather than crowding your inbox with any more, I’ll follow-up with breater details as the dust settles in the days to come. As always, if you have any questions about your real estate, business, estate planning, or any other legal issue, please let us know by e-mailing me at sjbeede@bpelaw.com

Steve Beede

This home loans crisis is destroying hopes and dreams and families across our nation. If you know anyone struggling with these problems, please do them a favor and pass this newsletter along to them. We have a flat fee $200 consultation that guides you in identifying the problems and risks and creates a strategy to deal with them. A similar program is being set-up for Commercial Property Owner Consultations.

Steve Beede, Founder and Managing Partner
BPE Law Group, Inc.
Main: 11140 Fair Oaks Blvd., Suite 300, Fair Oaks, CA 95628
Satellite: 9245 Laguna Springs Dr., Suite 200, Elk Grove, CA 95758 (Appointment Only)
(916) 966-2260
Contact us Today

Jeff Tarbell – Comstock Mortgage – Updates regarding VA Loans

I received this email from Jeff Tarbell of Comstock Mortgage regarding updates and some confusion on VA Loan repairs and who can or can not pay.

  1. Vet cannot pay for repairs on bank owned/reos. Period.
  2. Vet can pay for repairs on existing properties and short sales. This includes required repairs to the property as a result of the appraisal, termite work, septic work, etc…This is the case as long as it was negotiated in the contract. This should be done upfront, however, if facts change during the processing of the loan, it can be renegotiated via a contract addendum.
  3. Veteran cannot pay for the termite inspection, however, he can pay for well, septic inspections, as long as the contract so states.
  4. Case by case, we may want to ask for the veteran’s motivation re: paying for these items.

If you have any real estate related questions, contact me and I will research the right answer for you.

One Cool Thing: Interest Rates

I’ve posted a few articles on this exact topic. Here is a nice image to sum it up. Interest Rates are at one of the lowest rates in history.

All Time Low Interest Rates

Rates are at a Historical Low

Some past blog posts I have written on the interest rate subject.

What Does Q3 Mean to Me?
History of the 30 Year Fixed Rate