201404.22
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Reverse Mortgage Short Sales

No list of lenders who most shamelessly obstruct the short sale process is complete without mention of the reverse mortgage lending industry.  (“RMLI”)   The RMLI has gotten a pass from heavy consumer scrutiny in part because it is a fairly new phenomenon.   But the list of abuses is growing and the honeymoon appears to be…

201401.16
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Phantom Income as of 1-16-14

The House Bill and budget has been sent to the Senate as I write today.  It does NOT  include an extension of the exemption that expired 12-31-13 for treating forgiven debt as income.   There are still advocates for the extension of the exemption and this is the latest information available as of today: Bill Seeks…

201312.20
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Lawyer Stereotypes

Whether it was Perry Mason, LA LAW, or an actual relationship with an attorney, most of us have stereotypes of attorneys.  Not only attorneys in general, but the way you think of an F. Lee Baily or Johnny Cochran type litigator is probably not the same way you feel about a Tax Attorney.   When you…

201310.09
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More Good News / Bad News

The Good News on this rainy day 3 of a moderate Noreaster in Tidewater, Virginia, is that foreclosures and “shadow inventory” continue to decline.    The meteorologists tell us we have a couple more days of winds and much needed rain off the Atlantic Ocean.  Likewise, the economists predict that our financial storm is not over…

201309.25
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Choosing an Agent to List your Under Water Property

When interviewing agents to list and sell your Short Sale, i.e., your real estate which is currently worth less than the total owed on the mortgage, there are many factors to consider.   Personality compatibility, motivation level, persuasiveness, compassion, are all factors in selecting a “partner” to help you succeed in the business of selling your…