|
My title
Our Experience Goes A Long Way in Todays Real Estate Market
Welcome to the right choice for your real estate needs. Home Execs Realty understands that buying a home to live in or as an investment can be a very stressful and complicated process for many people. This is why Home Execs Realty strives in having experienced real estate professionals that can understand these needs and will assist in making the process of buying or selling a home an enjoyable and memorable experience.
Finding the right agent is very important. You need to be comfortable with the agent you will be working with for them to completely understand your needs to assist in finding the right home. Agents at Home Execs Realty will work diligently to help clients understand purchase contracts, inspection reports, title reports, property disclosures and options available with buying or selling a property.
Home Execs Realty agents are experienced, professional, and highly qualified to help in providing assistance you can trust. Home Execs Realty has agents that will provide knowledge and expertise to confidently negotiate the best terms for your dream home or investment property.
Arizona has many growing areas and cities to choose from; Phoenix, Glendale, Peoria, Scottsdale, Litchfield Park, Avondale, Goodyear, Buckeye, Laveen, Tolleson, Sun City, Tempe, Chandler and Surprise. Our agents specialize in many areas in Arizona to provide an honest insight of information on the qualities for the surrounding area neighborhoods to help you make the right decision.
Our website is constantly updated with new information and can be accessed 24 hours a day to help give plenty of ideas and tools to assist in buying, selling, and renting a home or investment property.
Professional Agents at Home Execs Realty are ready to assist in consulting with buying, selling, renting and investing in real estate throughout Arizona. Please contact any of our agents by calling our office at (623) 536-2229 or email us directly at Info@HomeExecsRealty.com. One of our professional agents will contact you directly to setup an appointment at your convenience.

Home Affordable Foreclosure Alternatives (HAFA) Program
If you can't afford your mortgage payment and it's time for you to transition to more affordable housing, the Home Affordable Foreclosure Alternatives (HAFA) program is designed for you. HAFA provides two options for transitioning out of your mortgage: a short sale or a Deed-in-Lieu (DIL) of foreclosure. In a short sale, the mortgage company lets you sell your house for an amount that falls "short" of the amount you still owe. In a DIL, the mortgage company lets you give the title back, transferring ownership back to them.
In either case, HAFA offers benefits that make the transition as favorable as possible:
- You can get free advice from HUD-approved housing counselors and licensed real estate professionals.
- Unlike conventional short sales, a HAFA short sale completely releases you from your mortgage debt after selling the property. This means you will no longer be responsible for the amount that falls "short" of the amount you still owe. The deficiency is guaranteed to be waived by the servicer.
- In a HAFA short sale, your mortgage company works with you to determine an acceptable sale price.
- HAFA has a less negative effect on your credit score than foreclosure or conventional short sales.
- When you close, HAFA provides $3,000 in relocation assistance.
You May Qualify for this Government Program. Let Us Help You!
The Mortgage Forgiveness Debt Relief Act and Debt Cancellation
ACT NOW! **** Expires 12/31/2012****
If you owe a debt to someone else and they cancel or forgive that debt, the canceled amount may be taxable.
The Mortgage Debt Relief Act of 2007 generally allows taxpayers to exclude income from the discharge of debt on their principal residence. Debt reduced through mortgage restructuring, as well as mortgage debt forgiven in connection with a foreclosure, qualifies for the relief.
This provision applies to debt forgiven in calendar years 2007 through 2012. Up to $2 million of forgiven debt is eligible for this exclusion ($1 million if married filing separately). The exclusion does not apply if the discharge is due to services performed for the lender or any other reason not directly related to a decline in the home’s value or the taxpayer’s financial condition.
What is Cancellation of Debt? If you borrow money from a commercial lender and the lender later cancels or forgives the debt, you may have to include the cancelled amount in income for tax purposes, depending on the circumstances. When you borrowed the money you were not required to include the loan proceeds in income because you had an obligation to repay the lender. When that obligation is subsequently forgiven, the amount you received as loan proceeds is normally reportable as income because you no longer have an obligation to repay the lender. The lender is usually required to report the amount of the canceled debt to you and the IRS on a Form 1099-C, Cancellation of Debt.
Here’s a very simplified example. You borrow $10,000 and default on the loan after paying back $2,000. If the lender is unable to collect the remaining debt from you, there is a cancellation of debt of $8,000, which generally is taxable income to you.
Call us to help you understand all the options.
Making Home Affordable - English
El Programa Making Home Affordable - Espanol
|