short sale

Short Sale Seller’s Do Your Home Work

More and more short sales are closing successfully as of late.  My personal opinion is that the banks have finally found ways to at least attempt to process the volume they are seeing and that sellers and real estate professionals are educating themselves on what works and what does not. A short sale is a [...]

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Short Sale – Is This Your Primary Residence?

If you are living in the home at the time the Notice of Default is issued you may have some protection when it comes to deficiency, second mortgages and so on. However, one of the issues some people forget to ask about is the 1099C that is issued. The guidelines on the tax relief are totally different, so be certain you talk to your attorney about each of these issues, since they can impact you differently.

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Listing Agents Should Know!!

I have never used someone else’s work on my websites before. Today I ran across this great article about short sales and how frustrating it is to a buyer and agent when the listing agent does not knowwhat they are doing.  After speaking withDebe, she gave me permission to use her article on this site.  [...]

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Great Short Sale in La Pine Oregon

Today we visit a home that needs a new owner!  This is a super clean and ready to be lived in home. Located on the corner of Kokanee and Pine Drop this corner lot gives you the feel of more than an acre of land.  With a covered front porch, a great back deck, fully [...]

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If I Sell Short Will I Owe Taxes?

When you sell your home as a short sale or you go through a foreclosure a 1099C will be issued.  As we know a 1099 is issued to show that money was received and generally there are taxes owed on these funds.  However in 2007 The Mortgage Debt Relief Act was passed, originally it was [...]

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