To stay or walk away?  A question being asked by many High Desert Homeowners If you own a home in the High Desert and you purchased that home after 2003, you most likely owe more than your home is worth, even if you put 20% down when you made the purchase.  If you refinanced! or took out a home equity loan anytime between 2004 and 2007 again you are most likely upside down in what you owe your lender. As the real estate market continues to languish below the highs of 2006

Three Things Lenders Look For in a Short Sale. Today many people living in the High Desert area are interested in Real Estate Short Sales as a way to avoid Foreclosure.If you are interested in knowing more about a somewhat complicated transaction, here are the three very uncomplicated things lenders look for when qualifying a short sale: Financial Hardship:  This is defined as a verifiable reason that has or will cause you to miss a payment. Examples that qualify are mortgage

Who pays the closing costs? Closing costs are either paid by the home seller or home buyer. It often depends on local custom and what the buyer or seller negotiates. Customary Closing costs for Apple Valley, Hesperia, Victorville and other surrounding communities are as follows...Customary Closing costs for the seller in The High Desert:County Transfer TaxEscrow - Sellers portion normally 1/2Home WarrantyNHD Report (Natural Hazards Report)Notary FeesReal Estate FeesSeptic InspectionTermite...

What is a Tax Deferred Exchange? A tax-deferred exchange represents a strategic method for selling a qualifying property and the subsequent acquisition of another qualifying property within a defined time frame. The process of divesting of one property and acquiring another within a 1031 exchange, are similar to any standard sale and purchase scenario.  An exchange is different because the entire transaction is memorialized as an exchange and not a sale. And it is this distinction between

These comments are made in relation to the Market Condition Graphs for May 2009.   SUPPLY (LISTED): Supply off approximately 234 units from last report (May 2009) and confirms a continued trend. The continuance of this trend of diminishing supply is consistent with a tendency that favors price stabilization subject to any unusual increase in the inventory level. DEMAND (CLOSED PER MONTH): Up again about 103 units from May. This is also a continuation of a strengthening of the market...