In today’s market, you usually need up to 10 percent of a home’s purchase price for a down payment. This means a $250,000 home could require $25,000 down plus closing costs. If you saved $1,040 a month for the next 24 months, you’d achieve that goal. On the surface, that may seem impossible—but [...]
It is SO important that the Tax Relief Act is extended as there are still many homes underwater and going into foreclosure. Short Sales are better for everyone. The following is the latest information from the National Association of Realtors.
National Association of Realtors Brief
On April 3, 2014 the United States Senate [...]
Finding Success, Rewards in Short Sales Short sales keep two agents busy, fulfilled and on top of their game By Dorota Wright-O’Neill
Tearful clients. Mounds of documents. Endless delays. The aspects that scare many agents away from short sales are precisely the challenges that attract Jane Santiago and Sandy Wagner to this niche.
Short sales [...]Continue Reading →
It’s a sad but true fact that homeowners in danger of losing their homes are extremely vulnerable to scams. With more and more people in this situation, it has become increasingly common for con artists to devise schemes that take advantage of this vulnerability.
The problem is that the solutions that these fraudsters [...]Continue Reading →
Highlights of Mortgage Debt Relief
Exclude up to $2 million of debt forgiven or canceled by a mortgage lender on a main home. Both mortgage restructuring and foreclosures qualify Available for the years 2007 through 2012. Claim the tax relief using IRS Form 982 (PDF)
What is Canceled Debt Income?
Anytime a lender [...]Continue Reading →