Tax on Short Sale, Loan Modification and Foreclosure – Recourse vs Non-Recourse Mortgages

by | May 4, 2011 | on Orange County REO's & Bank Houses | one comment

New Post!! - Arizona is not a recourse state, so chances are you will not owe 1099 C Income - Part 6 - In Arizona, typically its not a recourse state, so if they are telling you that theyre going to garnish your wages because you didnt pay back your entire mortgage, there is a local bank ,that was threatening a very good colleague of ours about a small second mortgage that person had taken out. Threatening to send it to collections and garnish her wage

Bankruptcy Ch 7..Do I qualify???I reside in California?

by | February 19, 2011 | on Orange County Homes For Sale | 3 comments

Ok so I am wondering if I qualify to file chpt 7. I know I can go to a lawyer and find out but I want to get an idea what im up against before hand, and for those of yall that are not going to answer my question please do not comment as this is Yanswers not yahoo personal opinions.....i know the impact on my credit.... Ok so lets start with my Salary..I make approx 35k a year in california--I dont own any real property My debt is as follows - I had a car repo-23k I owe HSBC/Best Buy 3k

Tax Tutorial: Orange County Property Tax

by | January 21, 2011 | on Orange County Real Estate Deals | no comments

New Post!! Click here to begin: Step-By-Step: 1. Navigate to the Orange County Tax Collector website by clicking the link above. 2. On the right side of the home page, click on "Pay/ Review Your Property Taxes." 3. In the "Search by Property Address" section, type in the street address of the property. Click "Find" to continue. 4. Click on the "Parcel No." of the property on the next page. 5. Because that was so much fun, click on the "Parcel No." again! 6

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