Posted by admin on November 7, 2009
A question that often comes up when contemplating a short sale is the matter of how forgiven debt is viewed by the IRS. Prior to the Mortgage Forgiveness Debt Relief Act of 2007 any forgiven debt was considered taxable as income. In most instances that is no longer true. Check out IRS page – Mortgage [...]
Categories: Solving Short Sales |
Tags: about short sales, how to short sale, Real living Redding, redding mortgage, redding real estate, redding short sale agent, redding short sale realtor, shasta county real estate, Short Sale Advice Redding | 
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Posted by admin on November 4, 2009
In an effort to deal with distressed properties prior to foreclosure Bank of America is adopting Equator, a short sale module that will enable borrowers and short sale agents to submit documents and check status online 24/7. The Equator Platform, formerly REO Trans, is a web based electronic system designed to automate the short sale [...]
Categories: Solving Short Sales |
Tags: avoid foreclosure, b of a short sale, how to short sale, notice of default, redding short sale agent, redding short sale realtor, shasta county short sale | No Comments »
Posted by admin on November 3, 2009
Before rushing into any short sale we encourage those having trouble making their mortgage payment to consider attempting to negotiate a loan modification with their current lender. It’s possible that an agreement can be reached thats a win-win for all concerned. If you are in this situation please take the time to educate yourself on the options [...]
Categories: Solving Short Sales |
Tags: avoid foreclosure, how to short sale, loan mod, loan modification, notice of default, Redding foreclosure, redding real estate, save home, shasta county real estate, shasta real estate | No Comments »
Posted by admin on November 3, 2009
Short Sales are on the rise in our real estate market for a variety of reasons. Many home owners purchased homes with adjustable rate mortgages and with the downturn in the economy have been unable to continue making payments and are unable to work out loan modifications with the mortgage holder. In addition to rising [...]
Categories: Solving Short Sales |
Tags: avoiding foreclosure, how to short sale, redding real estate, Redding short sale, short sale agent, short sale documents, short sale Realtor | No Comments »
