Tag Archives: Purchase money loans

New CA Anti-Deficiency Law to Protect Homeowners Who Refinance Purchase Money Loans

Purchase money loans in CA are those used by home buyers to finance original buying of the home. Current CA anti-deficiency law protects a borrower from personal liability for the difference between the principal balance and what the lender receives at … Continue reading

Posted in Home loans and mortgage, Orange County foreclosures, Orange County home values, Orange County real estate | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

Home Loan Mortgage Payments Average is Way Down at Orange County CA Real Estate

Purchase money home loan (mortgage) rates quoted on June 15, 2012 – at Orange County, CA – are excellent and amazingly good for buyers and those would would refinance. 30 year fixed conforming – 3.625 percent – payment would be $4.56 per … Continue reading

Posted in Mortgage and home loans, OC home value guide, OC property value guide | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

Mortgage Debt Forgiveness Tax Relief by U.S. Law Set to Expire at End of This Year 2012

U.S. law – Mortgage Forgiveness Debt Relief Act of 2007 – applies to debt forgiven in calendar years 2007 through 2012 – including possible debt forgiven through SHORT SALE process. For purposes of income tax, this law allows for exclusion of income realized as … Continue reading

Posted in Mortgage and home loans | Tagged , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment