Comments on: Can’t Sell For What You Owe? Short Sale or Foreclosure? http://www.centraloregonbuzz.com/blog/cant-sell-for-what-you-owe-short-sale-or-foreclosure/ For more real estate information please call Thesa at (541) 771-7064 Fri, 04 May 2012 14:49:38 +0000 hourly 1 http://wordpress.org/?v=3.3.2 By: Short-Sale-Monster.com http://www.centraloregonbuzz.com/blog/cant-sell-for-what-you-owe-short-sale-or-foreclosure/comment-page-1/#comment-4438 Short-Sale-Monster.com Wed, 04 Aug 2010 19:43:43 +0000 http://www.centraloregonbuzz.com/blog/cant-sell-for-what-you-owe-short-sale-or-foreclosure#comment-4438 Deficiencies are not taxed by the IRS through 2012. You'll have to look to find an IRS agent that is aware however. It's in the Fair Credit Act of 2006, I believe. There is an IRS publication available. Another secret is to get a price from the bank before it's listed. An investor can make a cash offer and get that. Deficiencies are not taxed by the IRS through 2012. You’ll have to look to find an IRS agent that is aware however. It’s in the Fair Credit Act of 2006, I believe. There is an IRS publication available.

Another secret is to get a price from the bank before it’s listed. An investor can make a cash offer and get that.

]]> By: Thesa Chambers, Broker, ABR http://www.centraloregonbuzz.com/blog/cant-sell-for-what-you-owe-short-sale-or-foreclosure/comment-page-1/#comment-4154 Thesa Chambers, Broker, ABR Wed, 03 Jun 2009 03:46:14 +0000 http://www.centraloregonbuzz.com/blog/cant-sell-for-what-you-owe-short-sale-or-foreclosure#comment-4154 Just today I had a fellow agent think that they could not lower the price any further on a short sale - because the bank told the seller they would issue a 1099 - I think the bank is trying to scare this seller - and so on to the attorney we sent her... and a better prepared tax professional. Just today I had a fellow agent think that they could not lower the price any further on a short sale – because the bank told the seller they would issue a 1099 – I think the bank is trying to scare this seller – and so on to the attorney we sent her… and a better prepared tax professional.

]]> By: Melina Tomson http://www.centraloregonbuzz.com/blog/cant-sell-for-what-you-owe-short-sale-or-foreclosure/comment-page-1/#comment-4153 Melina Tomson Wed, 03 Jun 2009 03:44:11 +0000 http://www.centraloregonbuzz.com/blog/cant-sell-for-what-you-owe-short-sale-or-foreclosure#comment-4153 Thesa this is a good post. I think the issue comes into play is that Florida, I believe, does do deficiency judgments because they are a recourse state versus our non-recourse out here. Since there are so many foreclosures in that area, things tend to get convoluted because people don't realize that their laws don't apply here... Thesa this is a good post. I think the issue comes into play is that Florida, I believe, does do deficiency judgments because they are a recourse state versus our non-recourse out here. Since there are so many foreclosures in that area, things tend to get convoluted because people don’t realize that their laws don’t apply here…

]]> By: Short Sales and Foreclosures - Differences Explained | FHA Mortgage Blog http://www.centraloregonbuzz.com/blog/cant-sell-for-what-you-owe-short-sale-or-foreclosure/comment-page-1/#comment-4152 Short Sales and Foreclosures - Differences Explained | FHA Mortgage Blog Tue, 02 Jun 2009 21:50:26 +0000 http://www.centraloregonbuzz.com/blog/cant-sell-for-what-you-owe-short-sale-or-foreclosure#comment-4152 [...] Oregon, will zero out deficiency balances, not the case with short sales. Please check out this recent post by Thesa Chambers from LaPine about short sale [...] [...] Oregon, will zero out deficiency balances, not the case with short sales. Please check out this recent post by Thesa Chambers from LaPine about short sale [...]

]]> By: Thesa Chambers, Broker, ABR http://www.centraloregonbuzz.com/blog/cant-sell-for-what-you-owe-short-sale-or-foreclosure/comment-page-1/#comment-4147 Thesa Chambers, Broker, ABR Mon, 01 Jun 2009 19:12:45 +0000 http://www.centraloregonbuzz.com/blog/cant-sell-for-what-you-owe-short-sale-or-foreclosure#comment-4147 exactly - it all comes down to your circumstances and your ability -sometimes it just is what it is.... and you gotta do what you gotta do.... but not doing your homework ahead of time and asking for help 2 weeks before a foreclosure can be deadly exactly – it all comes down to your circumstances and your ability -sometimes it just is what it is…. and you gotta do what you gotta do…. but not doing your homework ahead of time and asking for help 2 weeks before a foreclosure can be deadly

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