Posts Tagged as Credit

California and the $10,000 Tax Credit

California is taking some big steps this year to continue driving up homes sales in California while enticing home builders. In May California will roll out a $200 million dollar tax credit available to home buyers in the form a $10K tax credit. This program is sure to be hit with those in the market looking to buy a home. This tax credit is aimed to getting home builders to ramp up on the construction forefront.

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Steps to a Successful Short Sale on Your Property

Short Sale Buyers and SellersIf you are considering a short sale on your property, there are a few things that you will need to know before you begin the process. Unlike a foreclosure, where you walk away from the loan and have the bad effect on your credit rating, a short sale allows you to settle with your bank for a lesser amount than the value of the loan and your credit may not suffer nearly as much as it would with a foreclosure. Although it is still reported, it is listed as a debt settled for less than the amount owed and overall, it won’t cause your score to dip too much in most situations.
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