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The latest news on local real estate by Ray Shay, Owner/Broker Associate of Shay Realtors of REMAX Ranch and Beach - #1 in home sales in 2009, 2010, 2011 and 2012.
I know the 20 percent increase on home values in the past year has many people smiling in our town, but let us not forget there are many homeowners who are still upside down on their homes. If you are one of them be sure to look at your calendar.
The reason is that some of our state and federal governments HAFA programs that include mortgage forgiveness provisions are set to expire on December 31, 2013. It is unknown if these buyer protection provisions will be extended for another year. If you are on the "bubble," please give us a call. You want to avoid deficiency judgments that will result in unplanned tax consequences. All conversations are strictly confidential.
Local Market Update
We can provide you with custom weekly reports. You will find easy-to-read graphs with statistics, and valuable information broken down into bite-size pieces about current market trends specifically for our 92127 zip code. Call us at 858.449.7355 or email us today for your custom condo or single family home report.
