FOR SALE: 4 bedroom, 2.5 bathroom premium home

5742  W Ashland Ave,  Visalia, listed at $325,000.
One owner custom home built by Alan McIntosh.
  • Formal Dining Room. 
  • Great Room with built-ins as well as corner fireplace with raised hearth, gas fireplace insert/remote control. 
  • Kitchen is wrapped with cabinets, incl pantry area with center island and breakfast bar. Desk area next to huge laundry room with sink, broom closet and cabinets. 
Split 4th bedroom has cabinets and shelving in closet since used as craft room plus half bath. Front bedroom has built-ins which offers a nice office and guest bedroom at rear overlooks lush back yard. Spacious owner's suite has dual sinks, soaking tub, roomy shower and walk-in closet.

Three car garage is partitioned off to make the third car a workshop with wall furnace and cooling unit. RV Parking. Back yard has waterfall dropping to small pond and has colorful plantings. Nice covered patio too! OR sit on front porch and watch world go by. A must see if you want quality!

A reasonable explanation: What 'reason codes' tell you about your credit score

(BPT) - Consumer knowledge about credit scoring remains a challenge. In fact, nearly half of Americans still don't know that mortgage companies use credit scores when making decisions about credit availability and pricing, according to a 2013 survey by the Consumer Federation of America and VantageScore Solutions, a credit score model developer. Even if you do understand the importance of a credit score, you may still wonder why yours isn't higher. That's where "reason codes" come in handy.
Man with laptop Reason codes - also called score factors or adverse action codes - address factors that may be impacting your credit score, such as high balances on revolving credit accounts, late payments or a short credit history.

"Many people only review their credit score when they're applying for or have been refused new credit," says Barrett Burns, president and CEO of VantageScore Solutions. "Credit score notices, often sent after consumers apply for credit, include 'reason codes' - numbers and phrases that appear along with the score to explain why the score isn't higher. If you're unfamiliar with what those reason codes mean, the information intended to help you better understand your score may actually have the opposite effect."

You'll see reason codes on your credit score notice, regardless of whether your score is really good, average or poor, because the reason codes are meant to explain why your score isn't even higher. While they don't directly account for a lender's credit decisions, understanding reason codes can help you better manage your credit accounts and improve your credit score. To help with that, VantageScore Solutions created a new consumer education website,, which provides a wealth of information about reason codes.

The website includes a search engine that allows you to enter the reason codes that appear on your credit score notice and obtain more detailed information about each code in plain English and tips for improving your credit score. VantageScore Solutions surveyed more than 200 lenders nationwide about reason codes and found that only 10 percent of lenders said their customers "understand reason codes well."

To help you understand reason codes, here are some important consumer questions and answers:

Q. What is a "reason code" and why does it appear on my credit score notice?
A. Reason codes are alpha numeric codes (e.g. 01, AA) combined with short descriptions intended to explain why your credit score is not higher. Reason codes clarify why you did not receive a "perfect" credit score on a particular scoring model. Since perfect scores are rare, your score could always be higher, even when it's very good, so you'll always have reason codes associated with your score.

Q. Why should I care about reason codes?
A. If your score could be better, you can use reason codes as a guide to understand what you need to do to improve it. For example, if you receive a reason code that points to a high balance on your credit cards as a reason your score is lower then paying down those balances may lead to an improved score.

Q. Which code has the most influence on my score?
A. Reason codes are always listed in the order of greatest impact. Keep in mind just about all consumers will receive reason codes - even if a score is nearly perfect. If your score is already very high you may not need to take any action.

Reason codes can be a map for you to follow on the road to a higher credit score. Read and research them carefully and become a better manager of credit. The result can quite literally be more money in your pocket.

Luxury home with gourmet kitchen in Exeter

YOU Won't Be Disappointed!!

Custom throughout this luxury home with gourmet kitchen-stainless elite appliances incl. refrigerator, upgraded cabinetry, pantry, granite countertops, crown moldings, 10 foot ceilings, wood and tile flooring, quality built-in linen storage, entertainment center in living room and in office, solid core doors PLUS 30' storage in attic.

821 Park Place Dr Exeter, listed at $418,000
Abundance of windows, Tile roof, 610 sq. ft garage with storage, RV parking/50 AMP hook-up, two shed/storage bldgs, two water features and patios and 2 X 6 construction.

Owner's suite is cozy with curved wall leading to bath area and walk-in closet, jetted tub, 2 head shower. Front door makes a spectacular entrance into wide foyer. Sink and cabinets in laundry. Family room open to kitchen.

Home is across from large City Park

Short sale homeowners off the hook for tax liability

California families who have lost their home in a short sale are not subject to state income tax liability on debt forgiveness “phantom income” they never received in a short sale.

Last month, in a letter to California Sen. Barbara Boxer, the Internal Revenue Service (IRS) recognized that the debt written off in a short sale does not constitute recourse debt under California law, and thus does not create so-called “cancellation of debt” income to the underwater home seller for federal income tax purposes.  Following the IRS’s clarification, C.A.R. sought a similar ruling by the California FTB.

Now with the FTB’s clarification, underwater home sellers also are assured that they are not subject to state income tax liability, rescuing tens of thousands of distressed home sellers from California tax liability for debt written off by lenders in short sales.

short sale

“We are pleased with the recent clarifications issued by the IRS and the California Franchise Tax Board, which protect distressed homeowners from debt relief income tax associated with a short sale in California,” said C.A.R. President Kevin Brown.  “We would like to thank Sen. Boxer and BOE member Runner for their leadership in obtaining this guidance from the IRS and FTB.  Distressed California homeowners can now avoid foreclosure or bankruptcy and can opt for a short sale instead, without incurring federal and state tax liability, even after the Mortgage Forgiveness Debt Relief Act of 2007 expires at the end of this year.”

Top 4 most common home pricing mistakes in Visalia

When it comes time to sell your home, setting the right price is everything. Do it right from the start.

Call me for a free market analysis of what your home could sell for, compared to similar homes in your area.