202102.23
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Will 2021 continue the Safe Harbor for forgiven debt?

https://www.nolo.com/legal-updates/mortgage-forgiveness-tax-break-extended-through-2020.html For homeowners who experienced the mixed blessing of completing a short sale in 2020, and had mortgage debt forgiven, the need not include the cancelled debt amount in the income for federal tax purposes. Please read the fine print in an article by Attorney Amy Loftsgordon entitled: Mortgage Forgiveness Tax Break Extended Through 2020….

202101.21
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aBiden Time Until Landlords and Lenders can Recover their Properties

https://therealdeal.com/2020/10/13/mortgage-delinquencies-jumped-to-highest-rate-in-20-years/ This article from October of last year is still one of the best (and shortest) analyses of how in the world so many mortgage loans in America can be delinquent and the real estate economy is still booming. Those that were involved in navigating real estate buying, selling and investing in 2008 will remember…

202101.02
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More Hardship for Landlords in Virginia

The Virginian Pilot today recognized the plight of Landlords and Tenants and called out some very important new steps Landlords must take now to be able to evict non-paying tenants even AFTER the moratorium on eviction is lifted. Note that “5 day notices” must now be 14 day notices in many cases and you may…

202005.21
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Never Try to “Time” The Market

For weeks now, based in part on the economic gloom forecast for real estate values from west coast based lenders, we’ve been encouraging our real estate investor clients to wait just a little longer but save your cash and there will be some ‘incredible’ values coming onto the market soon!    The inevitable response:   How…

202005.18
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How are Lenders Responding to the Pandemic?

Even as much of America starts to re-open for business, the consequences of the Pandemic are also just starting to hit Main Street.   The latest statistics are that despite the Trillions in money pumped back into the business community and into the pockets of those who lost wages, about 1/3rd of America is now at…

201911.27
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A Great Reminder to be Grateful on Thanksgiving

https://thenationalrealestatepost.com/from-grace-to-entitlement/ Thanks Brian and Frank and the National Real Estate Post  team.  Great Reminder. From all of us at Anderson & Pittman, to all of the folks without whom we couldn’t have helped put some many homeowner’s into the American Dream. .  . . Thank you! Thanks to the title examiners, the appraisers, the credit…

201906.10
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Fast Talking Analysis of Competition in Flipping

Today’s lighthearted blog is really just a link to connect to another video blog: https://thenationalrealestatepost.com/flipper-using-uber-drivers-to-find-distressed-homes/ The NREP (National Real Estate Post) gives us a few national statistics to ponder on flipping and a novel new idea on how to preserve your market share. First, the percentage real estate transactions that end in sales to flippers…

201906.05
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Buy Fresh, Buy Local

Imelda Marcos has nothing on me when it comes to shoe fetishes.   My compulsion is to constantly replace my tennis shoes.   Nike, Adidas, New Balance, Head, Wilson, Babolat . . . they must invest huge sums in the technology to expedite the breakdown of the cushioning in the sole of the shoe.    But I digress….