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Click: 2016 Year End Planning: 2704 Discount Regs and Clinton/Trump Proposals: The Treasury has issued Proposed Regulations under Code Section 2704 which may reduce or eliminate discounts. The format and effective date of final regulations are unknown.

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Wednesday, March 4, 2009

FORECLOSURES

We have received new information that the banks are beginning to become more receptive to REDUCTIONS IN PRINCIPLE.  This is good news because this has been the biggest point of contention between lenders and borrowers when it came to Loan Modifications.  An appraisal is going to be required for most negotiations regarding loan principle reductions.

11:37 am hst 

NEW CPR REQUIREMENTS

The Real Estate Commission is now requiring that we submit the Developers Public Report and Condominium Map to the County of Kauai Water Department, Tax Assessor, and Planning Department.  We must show cc: to REC upon submitting the Application.

11:32 am hst 


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