Did you know that 91% of California home buyers used a Realtor in 2013?
I agree with the CAR that the home buying can be a complicated process!
From the CAR 2013 Home Buyer Survey, here are the areas where Realtors helped buyers the most”
86% – price negotiation
71% – negotiating terms of sale
Don’t forget these tax savings when doing your taxes!
Mortgage cancellation relief is extended for another year. Households that have mortgage debt forgiven by a lender in 2013 as a result of a modification, short sale, or foreclosure will not have to pay tax on the amount forgiven.
Mortgage insurance premiums remain deductible. Tax filers making less than $110,000 who pay for mortgage insurance can deduct the cost of their premiums on their 2012 and 2013 tax returns.
In order to assist veterans in their transition from military service to civilian employment, the Bureau of Security and Investigative Services (BSIS) has implemented the Veterans Come First Program. This program offers priority services to veteran applicants and assists veterans by leveraging their transferable military experience and training in order to meet all or part of the Bureau’s licensing qualifications. BSIS licenses covered by this program include:
The Federal Housing Finance Agency (FHFA) and Consumer Financial Protection Bureau (CFPB) have agreed to partner on the creation of a National Mortgage Database – the first comprehensive repository of detailed mortgage loan information. The database will primarily be used to support the agencies’ policymaking and research efforts and to help regulators better understand emerging mortgage and housing market trends.
