LET ME WELCOME YOU TO LONG BEACH REAL ESTATE AND SURROUNDING NEARBY COMMUNITIES!
Welcome to my WEBSITE. I would like to thank those who had enough confidence in me to refer your family and friends over this past year and let you know that I truly appreciate it !
I hope that you find my WEBSITE to be an excellent source of information about homes for sale as well as investment properties in the LONG BEACH AREA as well as SURROUNDING COMMUNITIES. I offer access to real estate listings available on our local MLS as well as information I hope you will find helpful regarding the real estate process whether you are a First Time Buyer or Seasoned Investor or Seller. For those who have utilized my website and worked with me and referred your family and friends, I would like to thank you for your confidence in me.
Home Buyer Assistance Programs
There are many "First Time Home Buyer Assistance Programs" available which are posted below. If you don't see a particular city in Orange County then there probably isn't a program offered by that city but you may find one in the County, State or Cal Vet site? Please feel free to contact me with any questions or concerns you may have.
- The main Orange County site which they call "MAP" or mortgage assistance program
- Another Orange County assistance site
- CAL VET
- California Housing Finance Agency
- HUD (main site) for many cities
- LA County site
- Buena Park
- Costa Mesa
- Garden Grove
- Huntington Beach
- La Palma
- La Mirada
- Long Beach
We just received this information from our attorney at the California Association of REALTORs and I thought I would share this information with you.
SHORT SALES NOT SUBJECT TO STATE OR FEDERAL INCOME TAX FOR CANCELLATION OF DEBT
Short sales in California are generally not subject to state or federal income tax for cancellation of debt. The Franchise Tax Board (FTB) issued a letter yesterday stating that, as nonrecourse obligations, short sales in California are not subject to state income tax for cancellation of debt. The FTB's position conforms with the federal treatment of short sales stated in an IRS letter as we previously reported on November 15. These letters will provide welcome relief for short sale sellers given that the tax break for a qualified principal residence under the federal Mortgage Forgiveness Debt Relief Act of 2007 will expire at the end of this year, and similar protection under California law already expired in 2012. The FTB letter includes transactions that closed in 2012 but, as always, sellers should consult with their own tax professionals.
According to the recent FTB letter, "a California taxpayer would not have cancellation of indebtedness where the taxpayer was involved in a short sale pursuant to CCP section 580e." Section 580e of the California Code of Civil Procedure (CCP) generally protects borrowers from owing a deficiency after a short sale of a residential property with one-to-four units, including both first and junior trust deeds. Exceptions include fraud, waste, cross-collateralized loans, and borrowers that are corporations, LLCs, or limited partnerships. As with the IRS letter, the FTB letter states that even if no cancellation of debt income is owed, a taxpayer may nevertheless have capital gains to the extent that the outstanding debt exceeds the tax basis for the property. A principal residence, however, is generally excluded from capital gains tax up to $250,000 for single taxpayers and $500,000 for married couples filing joint returns (under 26 U.S.C. § 121).
Please be sure you check with your accountant regarding this issue, but we are all excited about this good news!<
Looking to Search the MLS? Just click on Properties on the left side of the Page. Go to Home Search and Register by filling out the information needed as well as your search criteria, and an email with the most current listings from our MLS will be sent to you each day based on your requested search criteria. The MLS information is updated every 20 minutes to be sure I have the most current ist of properties available. When you want to update your search criteria , just go back to the Home Seach tab, log in & add the new search criteria.
3923 E. 5th St. #2A, Long Beach- Rare custom townhouse built in1993 with kitchen and family room downstairs, bedrooms and baths upstairs and spectacular 3d story roof top deck. Master Bedroom and bath with balcony and fireplace. Detached 2-car garage. Central heat and Air Conditioning. Approx. 1826 square feet of living space on a 6,503 sq.ft. lot. Mediterranean Style. Three bedrooms, 2 baths. Tenant occupied so shown by appointment only. Call Barbara to see this wonderful townhome offered at $698,500..
234 Loma Ave. Long Beach-Beautiful Belmont Height Home with Guest House in the back. This home has newly resurfaced hardwood floors, updated kitchen and baths. It has 3 bedrooms, 2 baths with approx. 1560 sq.ft. of living space on a large 8101' lot. 2.5 car garage, inside laundry, full copper plumbing, forced air heat, Breakfast room and Dining Area, Kitchen opens to the Family Room. Please come visit me Sunday 11/9 at my Open House from 1-5p. Just reduced to $899,900..
1999 Stanley#2, Signal Hill- Gorgeous 2 bedrooms, 2.5 bath townhome style condo in small secluded community. Remodeled kitchen and baths, open floor plan, both bedrooms on lower level, designer paint colors throughout, smooth ceilings, Gleaming Brazilian cherry wood floors, plantation shutters and ample closet space. Bathrooms have been renovated with extensive custom tile work, decorative mahogany vanities and oversized sinks. Living Room features romantic fireplace and large balcony off living room with city view to the west. Remodeled Kitchen with new stainless steel appliances and cherry cabinetry. Inside laundry and half bath off kitchen. Central heat and air conditioning. Copper Plumbing and new water heater. Two side by side parking spaces in subterranean garage each with their own storage locker. Pet Friendly, community pool and spa. Offered at $359K.
342 S. Miraleste #284- Beautiful San Pedro Townhome with new carpet, remodeled kitchen, beautiful main bathroom with Jacuzzi tub and separate tiled shower and two pedestal sinks upstairs with the two bedrooms and a 1/2 bath downstairs FHA approved complex, well maintained treed complex, it is just gorgeous to walk thru. Offered at $275K. PENDING!
12400 Montecito#423, Seal Beach- Location! Location! Two bedrooms, 1.75 baths top floor end unit in the Fabulous Rossmoor Chateau Condominiums. Spacious floor plan with lots of wonderful light. Living Room has a romantic fireplace, slider to small private patio. Unit has central heat and air conditioning This is a great unit for $329,900.
9662 Glenbrook St. Cypress, with 5 bedrooms, 3 baths, two story, a Beauty in Cypress. Newer remodeled kitchen with granite counters, granite breakfast bar, romantic fireplace and vaulted ceilings in living room, atrium model of Pacesetter Home, newly painted in and out, newer dual paned windows, solar heated hot water heater, forced air heat and air conditioning, three bedrooms down including master bedroom suite with vaulted ceilings, two bedrooms and study or den upstairs. smooth ceilings, this is a wonderful home with current owner being only the second owner of this lovely home. Walking distance to Oxford Academy, shopping and restaurants and close to freeways too.Call Barbara for appointment to see. You wont be disappointed in this well cared for home. This is a Great Opportunity to buy a well-loved home for 40 years! JUST CLOSED ESCROW!.
If you would like further details on these listings or want to know when the next open house is, just give me a call at 714-296-7270 or email me at firstname.lastname@example.org.
Check out my other listings on this site too!
I believe GOOD SERVICE makes for GOOD BUSINESS. Thanks to my clients confidence in me and their referrals to their friends and family, I work hard for my clients and I would love to have the opportunity to share my success with YOU!
When it comes to SELLING your home "the right agent makes all the difference in the world". There is a lot more to selling a house than just putting a "For Sale" sign in the front yard. I try to reflect this idea in everything I do from my initial visit with you right on through the closing. My marketing plan gives potential buyers a good look at your home from both inside and out. For a free-no obligation market analysis of your property just CLICK ON SELLING AND FILL OUT THE INFORMATION and I will email your market analysis directly to you. If you provide your phone # I can set up an appointment to see your property, and will provide you with a more comprehensive analysis as well as an estimated closing cost net sheet so you can see what you will come out with at the close of escrow. Remember, there is never any obligation when I provide you with my marketing analysis to list your property with me even if I come out to see the property. I just want to provide the best information to you and would always appreciate the opportunity to work for you if you feel it will be of benefit to you.
When it comes to BUYING a home/investment property, the value of doing business with me is my 30+years of experience, hardwork, integrity, negotiating successful terms,& superb service. I offer a FREE search of the MLS to find the property you are looking for. New properties will be emailed directly to you that match your criteria. This information is updated every 20 minutes.
TO START: Just click the "Properties" button on the left side of the page. It's as easy as that!
NEED TO BE PREQUALIFIED TO SEE WHAT YOU CAN BUY?
Call Steve Soriano with Essex Mortgage has some excellent programs. You can call him at (562) 429-3532 and let him know you got his name from me!