Solana Beach CA Real Estate » Questions and Answers http://inside-real-estate.com/solana-beach-ca Laura & Pat's Real Estate Blog | Solana Beach, CA | Community, Transportation Thu, 25 Jun 2009 19:06:59 +0000 en hourly 1 http://wordpress.org/?v=3.0.1 Who qualifies for the $8,000 tax credit? http://inside-real-estate.com/solana-beach-ca/questions-and-answers/who-qualifies-for-the-8000-tax-credit/ http://inside-real-estate.com/solana-beach-ca/questions-and-answers/who-qualifies-for-the-8000-tax-credit/#comments Tue, 21 Apr 2009 14:36:33 +0000 Laura & Pat http://inside-real-estate.com/solana-beach-ca/?p=38 Through the government stimulus plan in 2009, any first time homebuyer, OR, anyone who has not owned a home in the last three years can qualify for an $8,000 TAX CREDIT! You need to close escrow prior to December 1, 2009 to take advantage of this incredible opportunity! Some income qualifications are required.

If you have any further questions, please contact us at: patandlaura@prusd.com

]]> http://inside-real-estate.com/solana-beach-ca/questions-and-answers/who-qualifies-for-the-8000-tax-credit/feed/ 0 0351Questions and Answers]]> What’s the difference between a “short sale” and a “foreclosure”? http://inside-real-estate.com/solana-beach-ca/questions-and-answers/what%e2%80%99s-the-difference-between-a-%e2%80%9cshort-sale%e2%80%9d-and-a-%e2%80%9cforeclosure%e2%80%9d/ http://inside-real-estate.com/solana-beach-ca/questions-and-answers/what%e2%80%99s-the-difference-between-a-%e2%80%9cshort-sale%e2%80%9d-and-a-%e2%80%9cforeclosure%e2%80%9d/#comments Tue, 21 Apr 2009 14:34:46 +0000 Laura & Pat http://inside-real-estate.com/solana-beach-ca/?p=36 A short sale is when a Seller owes more on the property than the current value of the home. (Otherwise known as “upside down”) Any offers received from a buyer that are accepted by a Seller are then “Subject to Lenders Approval”.

A foreclosure (also known as “Bank Owned” or “REO”) is a property that has gone back to the bank. It is important for a Buyer to know that unlike “short sales” or “traditional sales” the bank does not have to provide “Seller” disclosures because they have never lived in the property and are TDS exempt.

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