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    How to Avoid Foreclosure in California, 2012 Edition
    How to Avoid Foreclosure in California, 2012 Edition
    How to Avoid Foreclosure in California, 2012 Edition
    Ebook45 pages24 minutes

    How to Avoid Foreclosure in California, 2012 Edition

    By Howard Hibbard

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    About this ebook

    Are you facing foreclosure? Learn the facts and your options on what you can do about it! Get the latest information on the 2012 laws affecting distressed California property owners. This book includes practical solutions in easy to understand terms on the options available to distressed California residential and commercial property owners. The Property Owners’ Options Chart is a quick “thumbnail” showing each property type and the various options from which to choose. Detailed explanations are given for each property type. It also includes valuable information about: - 2012 California legislation impacting distressed property owners; - How to walk away from your home with money in your pocket; - How distressed property owners can fall victim to lawsuits; - Foreclosure scams to collect on purchase money; - Tax consequences if you fail to file a 1099 A or C. This book is an essential tool for anyone at risk of foreclosure. Real estate agents, brokers, and loan professionals need this book, as it is their duty to insure clients are fully advised of all their options. How to Avoid Foreclosure in California, 2012 Edition was written by California real estate trial attorney Howard L. Hibbard, who, for over 30 years has handled hundreds of cases related to complex real property matters from construction defect to foreclosures. In addition, Mr. Hibbard’s expertise is in business law, litigating corporate issues, as well as bankruptcy adversary actions.

    LanguageEnglish
    PublisherHoward Hibbard
    Release dateJun 22, 2012
    ISBN9780985634421
    How to Avoid Foreclosure in California, 2012 Edition
    Author

    Howard Hibbard

    Howard L. Hibbard is owner and principal attorney of the Law Office of Howard L. Hibbard, founded in 1979. With over 30 years experience as a trial attorney in both state and federal courts, his primary focus has been on commercial and residential real estate matters, including construction defect lawsuits. In addition, his clients rely upon him for business law, corporate and insurance litigation, debt collection, bankruptcy adversary actions, labor relations and elder law. He has extensive experience in real estate and construction defect litigation, with a case history of achieving multi-million dollar settlements involving large housing developments, commercial properties and condominium complexes. He has served as chief legal counsel for a major soil engineering company since 1981, where he has handled lawsuits involving housing developments with as many as 250 homes in a single case. Mr. Hibbard is also author of The Legal Pitfalls of Short Sales and Foreclosures, and teaches seminars on how to avoid foreclosure through loan modification programs, and other important information on buying and selling distressed properties.

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      Book preview

      How to Avoid Foreclosure in California, 2012 Edition - Howard Hibbard

      How to Avoid Foreclosure in California, 2012 Edition

      An Easy Guide to Saving Your

      Property or Walking Away With Cash

      Howard L. Hibbard

      Copyright © 2012 by Howard L. Hibbard.

      Smashwords Edition

      Copyright © 2012 by Howard L. Hibbard.

      All rights reserved. No part of this book may be reproduced–mechanically, electronically, or by any other means, including photocopying, recording or any other information storage and retrieval system–without the written permission of the publisher.

      Published by Cheka Press

      251 Park Road, Suite 800

      Burlingame, CA 94010-4232

      Book designed and edited by Brenda Krauss.

      For legal services regarding complex real property matters from construction defect to foreclosures, or business litigation from corporate issues to bankruptcy adversary actions, please contact:

      Law Office of Howard L. Hibbard

      251 Park Road, Suite 800

      Burlingame, CA 94010-4232

      Tel: (650) 347-5010

      Fax: (650) 347-5011

      www.HLHibbardAttorney.com

      Table of Contents

      Introduction

      Distressed Property Owners Options Chart

      1. Single Family Dwelling, Owner Occupied, Purchase Money First

      2. Single Family Dwelling, Owner Occupied, Purchase Money First, and Second Loans

      3. Single Family Dwelling, Owner Occupied, Purchase Money First and Second Loan (Line of Credit) Obtained at Purchase of Home

      4. Single Family Dwelling, Owner Occupied, Refinanced First and/or Second Loan

      5. Single Family Dwelling, 2nd Home or Vacation Home

      6. Residential Property, 4 Units or Less, Owner Occupied, Purchase Money Loans

      7. Commercial Residential Property

      8. Commercial Business Property

      9. Walk Away From Your Home with Cash in Your Pocket and No Tax or Deficiency Liability

      10. Mortgage Forgiveness Debt Relief Act of 2007 and California Conformity Act of 2010 Expire on December 21, 2012

      11. Senate Bill 94 Advance Fees for Loan Modifications Now Prohibited

      12. Senate Bill 931 and 458 Forgive All Debt After a Short Sale

      13. Gave My House Keys to the Bank — Now I’m Being Sued!

      14. Foreclosure Scams to Collect on Purchase Money 2nd or 3rd Deeds of Trust

      15. Distressed Property Owners Who Receive a 1099-A, 1099-C May Face

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