A client called today to have our lawfirm engage in a discussion with his CPA as to tax ramifications for “subject to” sales of homes. For those of you who have never considered using “creative financing” to sell your home or buy a home, a “subject to” means the buyer takes over the seller’s mortgage…
At the intersection of Inventory, Income and Interest rates, we find the biggest pool of eligible buyers of new homes. New road projects at that point on the map appear to be moving to a place that will reduce the pool of eligible buyers. Take a minute and listen to the Real Estate Industry Blog…
The bad news: It is nearly two months into 2014 and Congress has not extended the Mortgage Debt Relief Act. (MDRA) The good news: There are still more than 10 months remaining before any taxes may be due for short selling homeowners who close in 2014. If you were a betting person: One of our…
Yes Virginia, there really is a Santa Clause! In some cases, Sellers can get out of an upside down residence or investment property without a short sale. We naturally encourage shortsales because: (1) less damage to your credit than a foreclosure, bankruptcy or ongoing loan payment default; (2) The client experiences Closure as compared…
