Buying Homes in Foreclosure

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REO resales in CA

REO resales in CA

An estimated 7,000 real estate owned (REO) properties sold in the second quarter (Q2) of 2014. This is half of the number of REO resales one year ago. Further, REO resales accounted for 6% of all California resale activity in Q2 2014, which is consistent with a...

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Errata & Updates

  • Effective January 1st, 2021, California homeowners qualify for a net equity homestead protection of up to $300,000 or the median sale price for a single family residence (SFR) in the homeowner’s county in the calendar year prior to the year in which they claim the exemption, not to exceed $600,000 (adjusted annually for inflation). [CCP §704.730] For more on this topic, see Form-of-the-Week: Homestead exemption, an asset preservation declaration – Form 465