Homeowners in Temecula, Murrieta, and other portions of Southwest Riverside and San Diego County who are struggling to make their payments and are trying to stop foreclosure may be getting more help from Uncle Sam.
Barney Frank, (D-MA) sent a letter to the four biggest banks asking them to write down second-lien mortgages to assist the modification effort and prevent foreclosures.
If you are a homeowner who has tried to negotiate a loan modification or short sale, you know the biggest stumbling block is usually your second mortgage. Well help may be on the way
Our client list is full of satisfied clients who took the first step and called us. If you’re a homeowner struggling to make your payments, call or email us.
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The California Assembly has recently passed legislation that will protect struggling homeowners in Temecula, Murrieta and other portions of Southwest Riverside and San Diego County.
Probably the worst thing that can happen to you, is to lose your home through a short sale or foreclosure, and then be presented with a tax bill that you can’t pay.
As state law now stands not all homeowners who have a foreclosure, short sale or loan modification will take a state tax hit. According to the Senate Revenue and Taxation Committee, for example, debt forgiven on a first mortgage used to buy a house even now is not taxable. That is not true, however, if the original mortgage is refinanced and money taken out to buy a car or for another investment.
head out on the highway.” (Steppenwolf, Born to Be Wild)
Tina and her 32 Ford Roadster
First time home buyers in Temecula, Murrieta and other parts of Southwest Riverside and San Diego County who are “lookin’ for adventure” will get a chance to relive the past this weekend at the Spring edition of the Temecula Rod Run to be held in Old Town Temecula on March 12 and 13.
Featuring pre-1974 cars, this semi-annual event gives Temecula a chance to show off some of the finest restored and “souped up” cars in California. Proceeds from this charity event benefit the Boys and Girls Club of the Southwest County.
Greased lightning
You might catch a ‘48 Ford like “Greased Lightning” from the movie Grease or a classic 1933 Ford like the “Elimninator” owned by ZZ Top front man Billy Gibbons.
Some people well tell you that the “Yellow” coupe in the movie American Graffiti single-handedly brought back Hot Rod cars.
How about the classic ‘55 Chevy driven by Han Indiana Solo (Harrison Ford)?
There will be hundreds of classic cars just like these icons from some our greatest movies.
The Friday night cruise is an event not to be missed, the show cars will cruise down Old Town Front street with their headers uncapped and their Cragars polished. I know this ol’ Boomer will be out there trying to catch a little piece of his past and feelin’ a little “heavy metal thunder”
The Show and Shine is on Saturday, March 13 and admission is FREE.
Come on out and join one of the many events that make Temecula such a great place to call home.
