Cindi Shutt's (cmshutt) Blog

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Real Estate Agent - Keller Williams Norco
I answered a sign call the other day, and it was actually an editor for the Black Voice News, Associated Press.  They were calling on one of my brokers REO/Auction properties.  They were interested in the realtor's perspective of this foreclosure market, and what our side of the picture was like,...
New Foreclosure Law (SB 1137) Effective Immediately Select Provisions Delayed for 60 Days Bulletin 08/09-9 - July 9, 2008 As a result of the subprime loan market collapse, numerous bills were introduced this year in the California Legislature, including the recently enacted SB 1137. Within this h...
Short Sales are like Pre-Foreclosures.  The owner is behind on payments and is trying to sell the house before the bank forecloses. Short Sale refers to the sellers attempt to sell the house for less than what is owed. This can only occur if the bank allows it.  The bank, not the seller, ultimate...
Important information Everyone should know: The Mortgage Forgiveness Debt Relief Act of 2007 was enacted on December 20, 2007 (see News Release IR-2008-17). Generally, the Act allows exclusion of income realized as a result of modification of the terms of the mortgage, or foreclosure on your prin...
This is my first blog, so bear with me and my rambling... I want to share with everyone what I know, and what I have done to help people regarding the situation with the mortgage industry and the current housing market.  Believe me, selling Bank Owned and Short Sale homes, is no picnic!  I have e...

Cindi Shutt

Your Real Estate Counselor for Life!
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