What is going on?? --- in Real Estate?

My Perspective by Ken Patterson

This edition of the post is going to be the simplest yet. With so much white noise going on these days it is hard to know what is real and what is misinformation or a flat out con by someone looking to take advantage of the tough economic times.

Have you seen those flyers or gotten a letter in the mail from some company claiming they will get your property taxes adjusted for a fee? I have gotten several of them. My favorites are those that tell me it is my “Last Chance to Act” or some other message used to make me feel compelled to send a check before I miss out. Well, please do not send any money. Your property taxes will be reassessed automatically regardless. If you are in doubt, call the county assessor to find out. (Sacramento County (916) 875-0700; Placer County (530) 889-4300) Live in a different county? Just go to Google.com and type in your county name followed by assessor.

How about those signs talking about “Prevent Foreclosure” or “Call for a Loan Modification”? - seen those? Or maybe you are considering “walking away” because you’ve heard that banks are not interested in loan modifications and you heard foreclosure is better than a bankruptcy. How about Short Selling your home? Or maybe buying a home that is a Short Sale? Do you know the facts regarding 1st time buyer incentives from the federal and state government?
Whatever your situation, please ask a trustworthy professional if you are in doubt about a life decision. A tax accountant, an attorney, a Realtor, a mortgage lender, a credit counselor are all resources that usually have at least a free 1st consultation. All have a fiduciary responsibility to give accurate answers and direction that is in YOUR best interest.

If you would like more facts about any of the topics above, please contact me ASAP.