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Archive for the ‘Short Sale Information’ Category:

Warning Regarding Residential Short Sales

By Lisa M Loeffler on August 2nd, 2010
If you find yourself in a situation where your financial circumstances either challenge your ability to make your home mortgage payments or you are no longer able to make the mortgage payments at all, you will be presented with a series of difficult options that will have an impact on your personal and financial life for years to come. One of the more familiar options is foreclosure. In a foreclosure, the bank/lender (owner of your loan) decides to sell your house as a means to get back the money they loaned you. ... [Continue Reading]

First-Time Buyers, Foreclosures, and the Real Estate Recovery

By Valerie on May 18th, 2009
What’s really gotten the market moving? This RIS Media article looks at how much of our recent sales activity has involved first-time buyers, distressed properties…or both. The National Association of Realtors reports that “half of the sales made in the year’s first quarter were to first-time buyers and almost half of all these sales were ... [Continue Reading]

Short sales and foreclosures…

By Laura on February 28th, 2008
…are there tax consequences? Considering we are deep in tax season, and both short sales and foreclosures are on the rise, I thought I’d find some information to help you realize potential tax consequences. Be advised, any of you in a possible short sale or foreclosure situation should consult with your CPA, tax adviser, attorney ... [Continue Reading]