Ventura Foreclosure and Short Sale Information
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Rod B. Tuazon
Rod B. Tuazon - (805) 890-5845
Learn How A Short Sale Can Help You Avoid Foreclosure

Feeling like there is no other option but foreclosure can be an overwhelming experience. Know that you are not alone. Thousands of homeowners in the United States are facing the same challenges as you every single day. Now more than ever before there are solutions.

You need help, guidance, and someone who understands the difficult choices you are facing about your home, your family, and your life. Quite often a homeowner facing a foreclosure thinks they have to go through the process alone, forced into a daunting situation caused by unforeseen circumstances beyond their control. Facing damage to your credit, and the possibility of not being able to purchase another home for 10 years can be a tough future to face, but by tapping into the expertise of a knowledgeable real estate agent, there are options available for you and you've come to the right place.

We provide you with information about how to avoid a foreclosure, explain the effects it can have on you and your family, and offer other options that may be available to you. This includes a short sale, and we can help you determine if you qualify.

Please know that all communication will be strictly confidential.
Upside Down On Your Mortgage? There Are 5 Ways A Short Sale Can Benefit You! 
1. Your Debt is Forgiven

Normally, debt forgiven results in taxable income. Under the Mortgage Forgiveness Debt Relief Act of 2007 (HR 3648) and Conformity Act of 2010 (SB 401), you may be able to exclude up to $2 million of debt forgiven on your principal residence, both in your federal and state tax returns. Second or vacation homes and rental properties have different guidelines, but may qualify for tax relief through insolvency. THIS EXPIRES ON 12/31/12.

Effective 7/15/11, Governor Jerry Brown signed SB 458 that prohibits lenders from attempting to collect unpaid mortgage debt following a short sale in California.

2. Buy Again in 0-3 Years

You will be eligible, under Fannie Mae guidelines, to buy another home in 2 years instead of 5 to 7 years.

If your credit report does not reflect a 60-day+ late pay, under Fannie Mae guidelines, you will be eligible to buy another home immediately.

3. Free Yourself of Negative Equity

If you are selling because of a financial hardship, the short sale debt will be erased completely and you no longer have to worry about being upside down on your mortgage.
 
4. Protect Your Credit Score

Prevents additional damage to your credit, which results in the mortgage actually paid off that reflects positively compared to a foreclosure.
 
5. Avoid Foreclosure

Relieves the stress of being hounded by the mortgage lender.

Retain some dignity in knowing that you sold your home.

You won't suffer the social stigma and humiliation of foreclosure.
 
ALL OF THESE WITH ABSOLUTELY NO COST TO YOU!

 


 

Rod Tuazon is an experienced and successful Short Sale Broker/Agent specializing in helping homeowners navigate through the Short Sale process to avoid home foreclosure in Ventura, Oxnard, Camarillo, Port Hueneme, Ojai, Oak View, Santa Paula, Fillmore, Somis, Newbury Park, Thousand Oaks, Simi Valley, and Moorpark, and all of California Real Estate Market.

  


 

 

This site has been sponsored by "Rod B. Tuazon" at www.RodTuazon.com

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Disclaimer: The information provided on this website should not be constituted as legal advice. The content is intended to provide general information about the short sale and foreclosure processes, and should not be acted upon without the counsel of a qualified REALTOR®, attorney, and tax expert.


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