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Get Free Foreclosure Advice In Minutes
Get your free on-line foreclosure refinance quote and foreclosure help in minutes. Explore your options and compare ways to prevent foreclosure... more...
Now Sell Your House As A Short Sale With No Tax Consequences
If you owe more for your house than what it is worth you only have a few home selling options, one of which is losing your home to foreclosure. To avoid a foreclosure you can sell your house as a short sale. A short sale is selling your home at a price that is less than what you owe the bank. Thus ...
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Understanding Debt Cancellation and the 1099C
In recent years, the number of foreclosures has skyrocketed and short sales have become an increasingly popular trend. Many consumers have wondered how lenders recuperate the money lost from a mortgage after a discounted short sale. These unpaid charges are not a major concern for the lender, but ...
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Real Estate Forms - Property Disclosure Form
Most US state and real estate laws require that home owners who wish to sell their properties fill up a Property Disclosure Form, which informs potential buyers of material facts about the property that is on sale. What information should be disclosed to the potential buyer? Personal information ...
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What You Need To Know When Facing Foreclosure
What is a 1099-C? Did you know that if you do a short sale on your home that you will have to claim that as an income? A short sale is when you sell your home for less than what you owe on the mortgage. This appears to only apply if you do a short sale before you are actually foreclosed on or the ...
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What is a Short Sale?
Since the real estate market turned for the worst, a lot of Borrowers have found themselves in a position where they owe more than their home is worth. As long as you don't need to sell your home and as long as you can afford the payments, your best bet it to sit tight and do nothing. Eventually ...
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Make Money Renovating And Flipping Houses
If you are thinking about getting into home renovation and flipping houses, then be aware that certain types of properties are best suited for this purpose. Far too many persons invest in homes that do not earn them a profit. If you are new to home flipping and real estate investing, be cautious ...
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Is There Anyone Who Is Not Worried About The Sub Prime Mortgage Lending Meltdown?
Well according to some so-called facts appearing in a recent New York Times article (by B. Stein), that meltdown is just is not happening. It is all a mass hallucination experienced by a falsely alarmed and grossly misinformed public. The article declares that of the ten-plus trillion dollars in ...
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Foreclosure - Understanding the Pros and Cons of the Short Sale
Homeowners facing foreclosure in California have approximately 120 days from the Notice of Default (about 4 months) in order to resolve their outstanding mortgage debt. When a homeowner finds themselves in this situation, the most proactive step a homeowner can do is to act in a timely manner to ...
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Change In Capital Gains
If you own a property which you are planning to sell, be sure to consult a tax advisor or get informed about tax law before doing so. Many real estate agents also know the subtleties of property selling and taxation. Several small points can make the difference between having to pay capital gains ...
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Owner Financing - Discounting The Note for Big Profits
True stories are always the greatest teachers, since there is truly a sense of realism, and one can relate better to true stories. It's kinda like watching a movie that in inspired by true events, they just seem to be better movies. They just 'hit home' more than a sci-fi movie. They can make you ...
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