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…
A potential client writes to our firm: Dear Anderson & Pittman: Good Morning. I have been discussing a deed transfer with my mother. Perhaps you can tell us if we even need to do a transfer of deed. I live in a home my mother owns and have paid the mortgage on the home from…
This week I had a client ask me if I’d had much experience with internet lenders. A visit to a website, an email exchange, and a voice on the phone and my client had a quote on his interest rate that fell into the category of “too good to be true”. “Can I trust…
For the past several quarters, many of our closings for home buyers in the starter home or first move-up category have revealed a loss of FHA market share. It seems that the traditional market for FHA appeal was the 1st or 2nd home market with buyers lacking a substantial down payment. FHA loans can allow…
Christine Parrish, Another Friend of our Firm submitted this very informative article article on Solar Energy, the Pros, Cons, and ways it affects the value of your real estate investment (Let us know if you’d like to submit an article to this blog for consideration and republication!) Dear Charlie, In many parts of the U.S.,…
Recently, a client wrote us: “I am currently living in a condo in which my landlord was foreclosed on. We have been paying the condo fee, but haven’t heard anything from the bank. The bank has been in possession of the property for quite some time now and has never communicated with us in any…
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…
These are some very helpful recommendations that one of our long time clients took the time to compose and share. The client prefers to remain anonymous but you should know that this gentleman has an incredible resume’ which includes running multi-million dollar businesses and overseeing commercial construction campaigns as well as several of his own…
For those of you that check back on this website and blog periodically to find out whether your forgiven debt from your short sale in 2015 will be taxable or not . . . . the year is 3/4th complete and we still don’t know. As you may recall from 2014 . . . it…
Among our sustained flow of new short sale clients, we still have surprising instances of absolute misinformation about the process that causes many homeowners to suffer from the paralysis of analysis and delay starting their short sale for far too long. Sources of misinformation are plentiful, and that is before you even get to the…
