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Short Sales - Will You Have to Pay Income Tax?
Many people will be bewildered by that question. Who ever heard of paying income tax even when you sell you home for a loss? Well, the IRS has a little known habit of charging people income tax on debt that they were responsible for paying and were relieved of that responsibility. This could have ...
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What is a Short Sale?
There are two types of short sales. One deals with stocks and the other with real estate. This article will deal with the real estate short sale. The real estate short sale can be looked at from the seller’s perspective, the buyer’s perspective and the bank’s perspective. All ...
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To Stop House Foreclosure or Not?
It's an epidemic that hasn't been seen since the great depression; houses are being foreclosed at three times the normal rate in some counties across America. As a result of this sudden rise in foreclosures a new type of business has sprung up within the real estate market called the 'short sell.? ...
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Forced To Move
If you are in a position where you are forced to move, say by job transfer or because of health and clinic attendances, and you cannot sell your home, what can you do? Well, first let's clarify the issue: chances are, you can sell your home - but you don't want to sell it for a nominal amount. You ...
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Realtors - Are You Selling All Of Your Listings?
If you are a realtor, I'm sure you are aware of how difficult the market has been in the last several months. But, are you doing everything you can to get your listings sold? I have spoken with many realtors recently that complain about the market, how long their listings stay on the market, the ...
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How Do I Sell My House When I Owe More Than It's Worth?
If you are worried about selling your house when you have no equity, you are not alone. There are thousands of home owners just like you all over the country. Some of them are looking to get out of their home because of a divorce, or job transfer. Others are desperate because they were speculating ...
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How To Do A Successful Mortgage Short Sale - Sell Your House In 9 Days With No Fix-Up
Do you owe more than your house is worth? Or are you unable to make your mortgage payments? Mortgage costs including taxes and insurance should be no more than 40% of your take-home income, at worst. Many people are paying more than this. Your mortgage payments may feel like a crushing burden and ...
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Tax Decisions To Consider When Flipping Houses
A common method of investing in real estate is doing a flip - buying and selling the same property in a short period of time. For the purposes of this article, there are basically two types of flips. You can buy a house at a wholesale level and flip it to another investor at a sort of wholesale ...
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Stop Foreclosure Fast - Tips - Real Estate Help
As the foreclosure rate for the nation remains steady, Idaho foreclosure rate is slightly decreasing. In Idaho there were 569 foreclosures in April, 542 in May, and 501 in June of 2007. Even with the slight decrease in the foreclosure rate in Idaho, the number of foreclosures in the nation remains ...
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Mortgage Short Sales - How To Avoid Disaster With One Simple Secret
The New Year was like a dam breaking with respect to foreclosures and homeowners looking for a way out. I received more emails and phone calls yesterday than ever before. A lot of folks I spoke to yesterday have the following issues: 1. Negative amortization loans, where the longer they pay, the ...
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