In the past roughly ten years, emphasis on roughly, nearly ten million (10,000,000) American homes were lost in foreclosure, short sales or deeds in lieu of foreclosure! While our current tepid recovery continues at an underwhelming pace, there is clearly a lack of enthusiasm for home ownership. The “American Dream” seems out of reach to…
On occasion we lose great employees, lawyers, staff, and friends of the firm as they go on to new callings or perhaps to meet their Maker. Thankfully, this edition’s ‘WHERE ARE THEY NOW” is about the former. Matt Pittman, former law firm digital maintenance expert, network and computer guru, file scanning department leader and firm…
We try to maintain a fairly objective and only mildly editorial real estate blog. Admittedly, the road to Hades is paved with our good intentions at times. So in the interests of keeping a clear conscience, I tell you unashamedly that the following is total editorial and opinion. Read no further if that bothers you. …
A client recently inquired of our law firm: “Hello – . . . My father has just passed away and his house was foreclosed on in a manner that raises questions. Below is a glimpse into our story: Early in the year we initiated a Loan Modification and were told that our application was being…
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…
This is an actual email from a real life potential client: “Subject: Consultation for Mortgage inquiry To whom it may concern, I was wondering if it would be possible to set up an initial consultation in person, regarding an issue that I am having with understanding my rights as a first time home-buyer. I am…
Rather than the White Knuckle Ride of 2014, Congress and the President appear to be treating short selling home owners in 2015 to a White Christmas. The black mark of debt forgiveness is being washed clean, at least for tax purposes. For those successfully completing a short sale of their primary residence in 2015…
The reason we must sometimes encrypt your email from our office is “NPPI”. “Non-public personal information” about you is just about the most precious commodity we handle. You entrust us with this information to enable us to represent you and protect your interests in suits, closings, and all kinds of legal processes. What kind of…
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…
