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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...
Government Foreclosures - Don't Mess With The IRS
An IRS audit will cover all sorts of interesting things; but the actual, as opposed to the declared, amount of a filer's income is the one with which the IRS is most concerned. When an audit shows that someone earned far more income than he or she has declared, there will be both back taxes and ...
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Foreclosures - How to Get Started
What is the best way to get started in with foreclosures or other real estate. The best way to get involved with anything is the same ? jump right in. How do you jump in and not make a costly mistake? Glad you asked. Jump in as if you are going to buy your first foreclosure whether it's from an ...
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The 1099-C And Cancellation Of Debt From A Short Sale
Do you know about the 1099-C and cancellation of debt? When a home owner sells his or her property using a short sale a 1099-C is generated.The IRS issued a news release on Sept 17, 2007 trying to clarify the 1099-C in regards to foreclosures. Many homeowners are unaware of this situation and feel ...
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Real Estate Scams and Schemes - Mortgage Fraud
I can't believe various companies and scam artists are hitting the real estate world now! They are obviously desperate to make a quick buck here and there, so, they are targeting homeowners. The IRS has initiated over 200 fraudulent cases against individuals, and is growing higher and higher as the ...
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What is REO Property
When a property is sold through a foreclosure auction, its owner usually owes more to the lender than the market value of the property itself. This is often a barrier to selling the property, and sometimes such foreclosure auctions do not draw any bidders. As a result, not many foreclosure auctions ...
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ITIN No Longer Substitute for Social Security
In the wake of increasing foreclosures that have sprung up in virtually every state over the past year and a half since the housing boom became a correction, government and mortgage industry officials are taking steps to curb the future rise of foreclosures, which not only negatively impact the ...
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Short Sales An Answer For Tough Times
What is a Short Sale? A short sale in the mortgage world amounts to a lender agreeing to accept a pay off less than the original mortgage. For example, if your mortgage was $200,000 and all your property would bring in todays market was $160,000, a lender may agree to accept the lesser amount to ...
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Home Loan with Bad Credit
This is a fact: if you have a bad credit history, lenders would be indecisive whether to approve your loan application or not. Chances are your loan application will be disapproved. But you should not be disheartened. By following these useful tips you may still be able to own the house you have ...
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What You Need To Know About Bankruptcy Attorneys Before You Hire One
The function of good bankruptcy attorneys is to guide potential bankruptcy applicants through bankruptcy procedures and to act on their behalf in court. With the new amendments, good bankruptcy attorneys will also inform their clients about why certain legal loopholes no longer exist. It is best to ...
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A Perfect Storm (For Some)
Winter storms are upon us across the country as well as the storms of short sales and foreclosures. It could be called a "Prefect Storm" to some significant degree, depending what side of the mortgage wave you are on! Not only do we see declining prices nearly every where coupled with great ...
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