Refi Activity Runs Out of Steam Source: The Wall Street Journal
In comparison to last year, applications to refinance a mortgage have decreased by 57 percent. Since mortgage rates started rising last spring, refinance activity fell sharply, particularly in the second half of 2013.Read the full story
Randy E. Guth 1450 University Ave. Suite F2Riverside, CA 92507Ph 951-300-1010Fax 951-300-1021Cell 951-347-9773Rguth@exitgmw.com
The IRS has clarified in a letter that California’s troubled homeowners who sell their homes in a short sale are not subject to federal income tax liability on “phantom income” they never received. The IRS recognizes that the debt written off in a short sale does not constitute recourse debt under California law, and thus does not create so-called “cancellation of debt” income to the underwater home seller for federal income tax purposes. This clarification rescues tens of thousands of distressed home sellers from personal liability upon expiration of the Mortgage Forgiveness Debt Relief Act of 2007 on Dec. 31, 2013.
C.A.R. is seeking a similar ruling from the California Franchise Tax Board (FTB), which has been awaiting the IRS action; we anticipate the FTB will act promptly. Short sales may raise other tax issues and, as always, you should advise your clients to speak with their tax professional regarding the tax consequences of a short sale.
Randy E. Guth 1450 University Ave. Suite F2Riverside, CA 92507Ph 951-300-1010Fax 951-300-1021Cell 951-347-9773Rguth@exitgmw.com
Randy Guth, Owner / President of EXIT Inland Realty, has been in the real estate business for over 12 years. A short sale and investment expert, Randy specializes in the purchase and sale of distressed properties. His expertise is of great benefit to his clients and his agents. He is passionate about helping his agents develop their skill sand master every aspect of the real estate business ensuring all of his firm's clients receive the level of service he would provide himself.
As a Franchisee, Randy is committed to providing his agents with efficient systems, leadership, training, and fostering a high-energy motivational atmosphere. The success of his agents is his success, and nothing makes him happier than to see his team succeed. He takes his responsibility as a leader seriously and has become one of the best trained in the business. He has completed training in every aspect of the business with some of the industry's leading REALTORS®, Brokers, and best known Trainers. He is equipped with the expert knowledge to guide and coach his agents in any specialty they wish to develop, and to assist his clients in all of their real estate endeavors. interest rates http://youtu.be/QG3m1fEtPRk
RIVERSIDE CA -- EXIT INLAND REALTY
Because buying and selling a home is a big decision, Exit Inland Realty in Riverside, CA is your real estate source for Riverside, Canyon Crest, the Wood Streets and the University of California (UCR) area. You will have step-by-step guidance to make the buying/selling process as smooth as possible. Call us today at: 951-300-1010. You are our #1 priority. Please give us the opportunity to prove it!
Post URL: http://exitinlandrealty.com/Web/AR432688/Blog/post/?post_id=35721
Tags: Riverside California real estate, Riverside California foreclosures, Riverisdee California repos
Randy Guth, Owner / President of EXIT Inland Realty, has been in the real estate business for over 12 years. A short sale and investment expert, Randy specializes in the purchase and sale of distressed properties. His expertise is of great benefit to his clients and his agents. He is passionate about helping his agents develop their skill sand master every aspect of the real estate business ensuring all of his firm's clients receive the level of service he would provide himself.
As a Franchisee, Randy is committed to providing his agents with efficient systems, leadership, training, and fostering a high-energy motivational atmosphere. The success of his agents is his success, and nothing makes him happier than to see his team succeed. He takes his responsibility as a leader seriously and has become one of the best trained in the business. He has completed training in every aspect of the business with some of the industry's leading REALTORS®, Brokers, and best known Trainers. He is equipped with the expert knowledge to guide and coach his agents in any specialty they wish to develop, and to assist his clients in all of their real estate endeavors. interest rates http://youtu.be/QG3m1fEtPRk
RIVERSIDE CA -- EXIT INLAND REALTY
Because buying and selling a home is a big decision, Exit Inland Realty in Riverside, CA is your real estate source for Riverside, Canyon Crest, the Wood Streets and the University of California (UCR) area. You will have step-by-step guidance to make the buying/selling process as smooth as possible. Call us today at: 951-300-1010. You are our #1 priority. Please give us the opportunity to prove it!
Post URL: http://exitinlandrealty.com/Web/AR432688/Blog/post/?post_id=35721
Tags: Riverside California real estate, Riverside California foreclosures, Riverisdee California repos
Free Real Estate School http://youtu.be/keaLhYD_oH0
There are those who make things happen, those who watch what is about to happen and the rest who wonder what happened. Some people instinctively know precisely what to do next in order to progress and succeed, and yet the high majority has to be shown the way. The former are the leaders and the latter are the followers. Which are you? Our Mission at EXIT Inland Realty is simple and straightforward. We intend to be the very largest and most successful real estate company in the world! We are focused on absolute success and we refuse to be anything less!
Becoming a part of EXIT Inland Realty means joining the ongoing commitment to create the most highly trained and skilled professionals in real estate. Our sales training is taught by some of the industry's leading top producers. Our mentoring is among one of the most comprehensive coaching you will ever receive. Designed to remove and eliminate the inhibitions and anxieties that have rendered so many salespeople average, EXIT's programs range from topics such as initiation, finalization, negotiation, personality profiles and strategic planning. No matter what your real estate career level, there is training perfectly suited to your needs. When you join EXIT, you are making it your business to get the finest and best return for your time invested. Since the industry lacks education that's thorough, really effective and is appropriate for the jobs that need to be done, we at EXIT have gone the opposite way. We have the most advanced, highly refined and most effectively taught educational programs in real estate anywhere in the world. Those who have witnessed it will attest to this. We consider all our agents valuable. They're the assets of our business. Because selling is the only source of income flowing into a brokerage, whereby everything else costs money, we act accordingly. We respect our people and do everything necessary to gain the best result from them.
EXIT Inland Realty is designed for those who truly want to get the finest return on their invested time from this business. If you will explore it, just for a moment, you will find a new world of potential that you would have never dreamed possible. We would love to have you join us and become part of this revolutionary movement of progress. If you're a leader, you will find EXIT irresistible. If you're a leader's leader, you will recognize EXIT as a calling, not just a career.
If you have considered a NEW CAREER in real estate, Exit Realty Inc. works in conjunction with eprealestateschool.com to provide you with state of the art online pre-license training. Both Exit Inland Realty and Real Estate School can assist you in a FAST and EASY license training process. In addition, Exit Inland Realty. offers an attractive license training reimbursement plan for qualified and motivated individuals. Call Randy at 951-300-1015 for reimbursement details.
If you are an EXPERIENCED AGENT or a curious career applicant considering this opportunity filled industry, CALL RANDYat 1-300-1015.to arrange licensing or interviewing. . Lucrative career opportunities are waiting for you! Don't wait! Call Now! 951-300-1015
Randy E. Guth 1450 University Ave. Suite F2 Riverside, CA 92507 Ph 951-300-1010 Cell 951-347-9773 Rguth@exitgmw.com http://www.searchhomesinlandempire.com/ http://www.exitinlandrealty.com/ For a short video on the EXIT story please go to www.ExitRealty.com and click 'Up Close and Personal with EXIT'
Our Mission at EXIT Inland Realty is simple and straightforward. We intend to be the very largest and most successful real estate company in the world! We are focused on absolute success and we refuse to be anything less! Becoming a part of EXIT Inland Realty means joining the ongoing commitment to create the most highly trained and skilled professionals in real estate. Our sales training is taught by the industry's leading top producers. Our mentoring is among the most comprehensive coaching you will ever receive. EXIT's programs range from topics such as initiation, finalization, negotiation, personality profiles and strategic planning. When you join EXIT, you are making it your business to get the finest and best return for your time invested. Since the industry lacks education that's thorough, really effective and is appropriate for the jobs that need to be done, we at EXIT have gone the opposite way. EXIT Inland Realty is designed for those who truly want to get the finest return on their invested time from this business. We would love to have you join us and become part of this revolutionary movement of progress. If you're a leader, you will find EXIT irresistible. If you're a leader's leader, you will recognize EXIT as a calling, not just a career. If you have considered a NEW CAREER in real estate, Exit Inland Realty works to provide you with state of the art pre-license training. Exit Inland Realty's Real Estate School can assist you in a FAST and EASY license training process. Call Randy at 951-300-1010 for reimbursement details. If you are an EXPERIENCED AGENT or a curious career applicant considering this opportunity filled industry, CALL Randy at 1-951-300-1010 to arrange licensing or interviewing. Don't wait! Call or Submit Now!
RIVERSIDE CA -- EXIT INLAND REALTY Because buying and selling a home is a big decision, Exit Inland Realty in Riverside, CA is your real estate source for Riverside, Canyon Crest, the Wood Streets and the University of California (UCR) area. You will have step-by-step guidance to make the buying/selling process as smooth as possible. Call us today at: 951-300-1010. You are our #1 priority. Please give us the opportunity to prove it!
For a short video on the EXIT story please go to www.ExitRealty.com and click 'Up Close and Personal with EXIT' Post URL: http://exitinlandrealty.com/Web/AR432688/Blog/post/?post_id=35721 Tags: Riverside California real estate, Riverside California foreclosures, Riverisdee California repos
