There is lots of talk about expiring tax cuts; Bush tax cuts, payroll tax cuts but there is an expiring tax provision no one seems to be talking about, the tax provision that exempts unpaid mortgage arrears on primary residences that are subject to foreclosure, short sale or debt forgiveness. One of the things I [...]
Short Sales
How Does Bankruptcy Affect a Short Sale?
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Bankruptcy & Short Sales In many cases, those on the verge of bankruptcy have been pressed to the financial brink due to a problem with an underwater mortgage. There are a few solutions to mortgage problems, one of the best-known being a short sale. In theory, a short sale involves selling your troubled home and [...]
Second Mortgages Standing In The Way Of Short Sales
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Is A Second Mortgage Standing In The Way Of Your Short Sale? Over the past year, short sales have been touted by some real estate experts as the solution to the lingering housing crisis. A true short sale, in which a mortgage lender agrees to release an underwater borrower from a portion of their debt [...]
Fraudulent Aspects of Using a Strawman in the Short Sale of Residential Property to a Family Member in Florida: Introduction
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Using a Straw Man Buyer in a Short Sale Transaction This is a threee-part article discussing fraudulent aspects of using a strawman in the short sale of residential property to a family memeber in the state of Florida. With the number of short sales rising throughout the United States, a common question that arises is [...]
Is a Short Sale Better than a Foreclosure?
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Is a Short Sale Better Than a Foreclosure? The Answer Might Surprise You: I get a lot of calls from clients who tell me that their real estate agent has recommended a short sale as an alternative to foreclosure. The selling point is that you will avoid a foreclosure on your credit report. Homeowners think [...]
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