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Legal Alerts
Thursday, November 5, 2009 @ 2:11:00 PM - Written by Ryan Vaught - 0 comments
Good news for home buyers who haven't owned a home in the last 3 years and for current home owners who have lived in their home at least 5 years and want to buy a new principal residence. The $8,000 tax credit has been extended for FTHB (first time home buyers) and a new tax credit of $6,500 will be given to buyers who buy a new principal residence and have lived in their current property for at least the past 5 years.
Thursday, October 29, 2009 @ 9:01:00 AM - Written by Ryan Vaught via NAR - 0 comments
We are not out of the woods yet, but there is some light at the end of the tunnel. Senate has approved the extention, so we shall see if it makes it's way up the tree. Senate leaders of both parties and key Senate Finance Committee members and staff, and tax credit sponsors Dodd-Lieberman-Isakson have agreed on extending and expanding the housing tax credit.
Monday, September 28, 2009 @ 8:50:00 AM - Written by Ryan Vaught - 0 comments
I wanted to write today about a more sober topic we have all witnessed recently. There is no question that there are a lot of foreclosures and distressed owners in Chico. As of September 1st, my associates and I started a foreclosure prevention division in Chico. We are the first division of this type in Chico. We focus on providing options and advice to those in default.
Tuesday, September 15, 2009 @ 10:06:00 AM - Written by Ryan Vaught - 0 comments
First time buyers have up to November 30th to close on the house in order to collect their tax credit. This means if you are on the fence, get something in escrow in the next 30 days! For more questions on this credit call or send us an email. More details on the credit is below. Read the full post for more information on this credit.

Friday, June 12, 2009 @ 10:28:00 AM - Written by Ari Gagne - 0 comments
The short answer is no! Many lenders, thus realtors, interpreted the new FHA guideline to allow borrowers to monetize their future $8,000 first time home buyer tax credit for their 3.5% minimum down payment. THIS IS NOT THE CASE! The new guideline allows them to use their $8,000 tax credit for FURTHER down payment (on top of the 3.5% down payment) or for closing costs. Thus making the new guideline worthless in my opinion. Why worthless?
Monday, June 8, 2009 @ 11:27:00 AM - Written by Ryan Vaught - 0 comments
Details on the tax credit available to first time homebuyers, and their eligibility.
Tuesday, April 7, 2009 @ 10:29:00 AM - Written by INMAN NEWS - 0 comments
Loan servicers approved nearly three times as many short sales in the last three months of 2008 as they did in the first quarter of the year, but still completed close to six foreclosures for every short sale, according to a report issued by bank regulators today.
Monday, March 2, 2009 @ 8:33:00 PM - Written by Ryan Vaught, CAR Legal Alert - 0 comments
A condo seller who discloses a defect in the property may nevertheless be required to also disclose previous lawsuits regarding that defect. That was the decision recently rendered on February 17, 2009 in the California appellate court case of Calemine v. Samuelson (2009 WL 368648).