Category: Short Sales

How Does Credit Bureau Reporting for Short Sales Work

For those having trouble making their mortgage payments, a short sale is an attractive option.  A short sale allows homeowners a chance to sell their home for less than the amount owed to their lender with some or all of the remaining debt being forgiven. A short sale can very often be a financially sound […]

No Taxation of Forgiven Debts

The California Legislature has just passed a new law that will prevent the state from taxing forgiven home debt as income from the nearly 100,000 people who lost their homes there in 2009. Prior to this law, when a lending institution was willing to forgive a certain amount of a person’s debt, the borrower would […]

Government Makes Short Sales Easier

Obama’s government has recently introduced a way to quicken the process of selling homes despite homeowners owing more than it’s worth. This is perfect for those who do not qualify for the $75 billion mortgage modification program, yet are experiencing financial hardship. This is great news for a lot of homeowners. According to recent market […]

Government Makes Short Sales Easier

Obama’s government has recently introduced a way to quicken the process of selling homes despite homeowners owing more than it’s worth.  This is perfect for those who do not qualify for the $75 billion mortgage modification program, yet are experiencing financial hardship.  This is great news for a lot of homeowners. According to recent market […]

Govt. Makes Short Sales Easier

Obama’s government has recently introduced a way to quicken the process of selling homes despite homeowners owing more than it’s worth.  This is perfect for those who do not qualify for the $75 billion mortgage modification program, yet are experiencing financial hardship.  This is great news for a lot of homeowners. According to recent market […]

Short Sale Negotiations

A short sale negotiator is a person hired by a home seller to facilitate a short sale between the seller and their lender.  A short sale means that the lender is willing to accept less than the amount owed on the loan so the owner may sell without equity. A short sale negotiation can be […]