by Heather | Dec 30, 2013 | C.A.R., TSBOR, TSMLS
Talking Points … According to the latest report from Morningstar Credit Ratings, distressed inventory is on the decline, but the number of months it takes to clear distressed inventory from the market is on the rise. The time to clear this inventory has increased by...
by Heather | Dec 30, 2013 | C.A.R., TSBOR, TSMLS
Coming soon, zipForm® Plus will be the default browser when accessing zipForm® from the home page of www.car.org. This free upgrade will automatically transfer your files, contacts, forms, clauses and templates to the newest version of zipForm®. The new zipForm® Plus...
by Heather | Dec 27, 2013 | C.A.R., TSBOR, TSMLS
Last week, the Federal Housing Administration (FHA) announced it was reducing the loan limit for FHA-insured loans from $729,750 to $625,500 beginning Jan. 1, 2014. However, while the FHA is required by statutes under the Housing and Economic Recovery Act (HERA) to...
by Heather | Dec 23, 2013 | C.A.R., TSBOR, TSMLS
Talking Points … According to the CALIFORNIA ASSOCIATION OF REALTORS®’ (C.A.R.), California pending home sales rose in October, with the Pending Home Sales Index (PHSI) climbing 2.5 percent in October to 109.3, up from 106.7 in September, based on signed contracts. ...
by Heather | Dec 19, 2013 | C.A.R., TSBOR, TSMLS
Short sales in California are generally not subject to state or federal income tax for cancellation of debt. The Franchise Tax Board (FTB) issued a letter yesterday stating that, as nonrecourse obligations, short sales in California are not subject to state income tax...
by Heather | Dec 18, 2013 | C.A.R., TSMLS
