According to industry sources : “https://www.housingwire.com/articles/mortgage-delinquency-rate-reaches-prepandemic-levels/ there are “one-half million more loans in serious delinquency in October than at the start of the pandemic in March 2020.” If you think about that for a minute, you have to wonder: (1) How effective were all the forbearance measures set up in DC at the start of…
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….
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…
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…
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…
Given the paranoia over Russian meddling in US elections, and now revelations that there may be cyberbombs ready to explode in our softwares that run our public utilities . . . and now the N. Y. Times makes the treasonous revelation that the U. S. has taken to counter-terrorism against Russian utilities! Where will it…
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….
So you know you need to sell your home. The reasons are many. The alibis for procrastination are also many. Sometimes procrastination works in your favor. Low priority things that you ignore long enough may eventually become altogether unnecessary. How high a priority is it to sell your home? Once you find the motivation and…
For years, creative defaulting homeowners and their attorneys have thrown up a phalanx of new and old defenses to slow down the foreclosure process. The best defense has always been to live in a “judicial foreclosure” state where the court system must be invoked by the lender in order to take back a property for…
Some might think me crazy, being a person whose livelihood depends largely on commerce in real estate. But it has to be acknowledged! There is an opportunity cost to being a homeowner. I have been a homeowner since I got out of school and found a seller crazy enough to owner finance my first home…
