A couple of weeks ago, federal government and Attorneys General in 50 states reached a settlement with major banks called the National Mortgage Settlement.  I’m sure you have read and seen from the newspapers and on tv about the current state of affairs in the real estate market and ...

There has been much talk about the government selling bulk foreclosures which will be converted into rentals. What will this actually mean to the housing market? For the answer to that question, we go directly to the 2/28/2012 Senate testimony of the person making the decisions on this ...

Many Pasadena home buyers turn to HUD for their FHA financing to purchase their home with minimal down payment. Unfortunately, April 1, 2012, these loans will be significantly more expensive.

[caption id="" align="aligncenter" width="640" caption="Photo courtesy of Jeremy Brooks via flickr"][/caption]

The cost of borrowing is ...

Did you short sell your Pasadena home last year?

If so, the lender wrote off some debt to make your home sale happen.  The question that comes up is "Do I have to pay taxes on the amount that the lender wrote off?"  It depends... Canceled debt is ...

Today, Federal and State officials announced the largest mortgage relief settlement, $26 billion dollars, aimed to address the robo-signing scandal where banks seized foreclosed homes without appropriate paperwork.  The deal settles potential state charges about allegations of improper foreclosures.

What does it mean for you?

The settlement sets up ...

Pasadena first time homebuyer in 2008? Did you buy your Pasadena area home under the The Housing and Economic Recovery Act of 2008?  If so,  you most likely received up to $7,500 which needs to be repaid over 15 years. It is very different from the Obama ...

Federal Housing Administration (FHA) has been instrumental in helping first time home buyers achieve their dream of home ownership.  Over the last several years, we've been seeing many changes in programs offered.  As we start 2012, we see that this year is no different - the changes are ...

IRS Newswire sent this notice earlier today.  I thought it would be helpful to many of my Pasadena friends as we are closing out the year.

WASHINGTON — Individuals and businesses making contributions to charity should keep in mind several important tax law provisions that have taken effect in ...

A new home for sale in Pasadena caught my eye as I was touring the newly listed properties.  A charming cottage at an amazing price of only $419,000 and located in the sought after historic Bungalow Heaven.

READ MORE:  Historic Bungalow Heaven

SEE ALL AVAILABLE COTTAGES FOR ...

You may have heard about Senate Bill 931 which stated that lenders who have agreed to a short sale would not have the ability to obtain a deficiency judgment against the seller after the short sale was completed. The law applied only to first mortgage loans secured by one to ...