San Diego Short Sale Experts

Military Personnel Short Sale Tax Liability

Brian Ruhl — Thu, 09 May 2013 16:45:42 +0000

Special Extended Period for Military Personnel on the (Short) Sale of your Personal Residence As a Short Sale specialist in San Diego I get a lot of Military Personnel as clients. Especially due to transfers and orders these homeowners are specifically in need of Short Sale Services. Good news is there are tax breaks on [...]

California passes Mortgage Debt Relief Act through Senate 6 – 0 Vote

Brian Ruhl — Fri, 22 Mar 2013 15:38:31 +0000

California passes Mortgage Debt Relief Act through Senate 6 – 0 Vote. Now it’s on to Governor Brown for a Signature. SB 30 (Calderon, D-Montebello), which will conform to the Federal Mortgage Debt Relief Act for CA, will allow CA Short Sellers to avoid paying state taxes on Debt Forgiveness after the sale. Once the [...]

Has your loan been service released to Ocwen Financial?

Brian Ruhl — Tue, 19 Mar 2013 19:27:51 +0000

Has your loan been service released to Ocwen Financial? If so, you’re not alone. Ocwen has quickly become one of the major players in purchasing servicing rights to mortgage units and platforms. In the last year alone they’ve acquired the servicing rights to huge pools of loans including but not limited to Residential Capital, Litton Loans, Saxon [...]

Brian Ruhl Featured in Union Tribune Article about Short Sales

Brian Ruhl — Tue, 19 Feb 2013 21:46:44 +0000

Why foreclosures are falling in San Diego By Lily Leung / Link to Article on Union Tribune Site It was a blockbuster business year for folks like Brian Ruhl, a San Diego real estate agent who specializes in short sales. ”We do a heck of a lot of them,” said Ruhl, referring to short sales, now [...]

Senate Bill 30 will Conform California State Law to the Federal Mortgage Debt Relief Act Extention

Brian Ruhl — Thu, 10 Jan 2013 17:41:19 +0000

Senate Bill 30 (Calderon, D-Montebello) will for one more year (through 2013) exempt the taxation of mortgage debt that is forgiven when homeowners and their mortgage lenders negotiate a short sale or loan modification (including any principal reduction). I’m hoping that the California Legislature will act quickly on Senator Ron Calderon’s bill. The previous California exemption [...]

California should conform to the Mortgage Debt Relief Act extension through 2013

Brian Ruhl — Mon, 07 Jan 2013 19:06:00 +0000

Will CA conform to the Mortgage Debt Relief Act extension? Many expect California to adopt the extension of the Mortgage Debt Relief Act put into place by the Fed as part of the broader Fiscal Cliff package that went into effect January 1st, 2013. I have several CPA contacts that believe this will happen and [...]

Short Sale Tax Law Extended through 2013

Brian Ruhl — Wed, 02 Jan 2013 20:03:44 +0000

Short Sale Tax Law Extended through 2013 The tax law that was signed yesterday extends (through 2013) the exclusion for cancellation of debt income on the sale of your personal residence. The law excludes cancellation of debt relating to the original purchase of the residence, so as long as you did not take additional funds [...]

Has your Loan Been Transferred to Nationstar Mortgage? You’re not alone…

Brian Ruhl — Fri, 07 Dec 2012 20:10:26 +0000

In June, Nationstar agreed to acquire roughly $10.4 billion in residential mortgage servicing rights from Bank of America. They have also acquired Billions in servicing rights from other lenders such as Aurora. According to an article in the Wall Street Journal; “As a mortgage servicer, Nationstar provides administrative functions on loans that are held by banks, government [...]

Will the Mortgage Debt Relief Act be Extended?

Brian Ruhl — Fri, 30 Nov 2012 18:11:42 +0000

Expert Short Sale Realtor Brian Ruhl Publishes information on whether the Mortgage Debt Relief Act will be extended. On November 20, 2012, 49 attorney generals wrote congress to urge them to pass legislation to extend tax relief for home owners who have mortgage debt canceled or forgiven through short sales, principal write downs, or other means. [...]

Are San Diego Home Prices Really Increasing?

Brian Ruhl — Fri, 16 Nov 2012 22:03:55 +0000

Why is San Diego experience appreciation? Why is inventory down? I’m sure you’re all hearing about the recent price appreciation in the housing market and the dramatic reduction in San Diego County housing inventory. I wanted to shed a little light on one of the reasons this is happening. October 2012 California foreclosure cancellations were [...]