“Foreclosure sales will pick up this spring as mortgage servicers figure out who can qualify for a modification and who can’t,” said Zandi. He figures there are at least 4.5 million mortgage loans either in foreclosure or clearly headed in that direction. When that additional inventory hits the market, it will provide numerous choices for … More Watch out for falling home prices
Big Reminder: To qualify for the $8,000 credit, homebuyers must sign a contract before April 30 and close by June 30
U.S. News turned to Moody’s Economy.com. The economics firm provided average and quarterly price-to-income data for each of the nation’s 384 distinct metropolitan statistical areas. By comparing the most recent figures with longer-term averages, we were able to compile a list of 10 cities for real estate steals.
Excellent article from September 16, 2009 by Michael C. Gray, CPA How are foreclosures (and deeds in lieu of foreclosure) taxed? Tax relief enacted for recourse mortgage on principal residence debt forgiveness. What happens with a “short sale”? Considerations for rental real estate ….excerpts:…. Tax relief enacted for recourse mortgage on principal residence debt forgiveness. … More Tax Consequences of a “Short Sale” of Real Estate vs. Foreclosure
The kitchen is still king. LAS VEGAS — Americans want smaller houses and they are willing to strip some of yesterday’s most popular rooms — such as home theaters — from them in order to accommodate changing lifestyles, consumer experts told audiences at the International Builders Show here this week.
As terrible as it is to lose your house to foreclosure, at least it’s a relief to put your biggest financial headache behind you, right? Wrong. Former homeowners may still be on the hook if there’s a difference between what they owed on their mortgage and what the bank could sell it for at auction. … More Lenders pursue homeowners after foreclosure
by Paula Hathawaay Southampton, NY Prudential Douglas Elliman Real Estate How are you handling sellers who want you to over-price their homes? It may seem that the owner who insists on a couple of hundred thousand more in their asking price should be accomodated, especially if you are not the only broker on the hunt. But pricing … More Pricing a listing