For many homeowners who are in default on their mortgage , dealing with their lender in an attempt to work out a resolution, whether through a loan modification, short sale or deed in lieu of foreclosure can be an extremely frustrating experience. Among the biggest complaints that I hear from my clients is that when … More Treasury Issues New HAMP Rule Requiring Single Point-of-Contact.
CNN personal finance editor Gerri Willis answers those tough questions many sellers face in todays real estate market. How to sell your home – Know when to sell your …, posted with vodpod
Suze Orman offers a clear explanation of short sales and tax implications to homeowners faced with this. 1st collector for Tax breaks on short salesFollow my videos on vodpod
According to Bernell Grier, chief executive of Neighborhood Housing Services (NHS), a non proft agency that promotes affordable housing and cousels first time homebuyers, record numbers of people have been calling to learn more about homeownership and whether they are in a position to own now that real estate prices have fallen. This New York … More Are we building smarter first time homebuyers?
As home prices continue to move lower the number of homeowners who will face a potential short sale scenario when they sell will continue to rise. This article from Realtor.mag stresses the importance for realtors to confirm with the sellers as to their financial situation relative to their existing mortgage. Many sellers may feel embarrassed … More Short Sales: Full Disclosure Needed.
According to this article from CNN Money, sellers face stiff competition from foreclosures and short sales in the current real estate market. One piece of advice offered in this article is that if selling, resist the temptation to list the property above fair market value. Twenty five percent of those who listed their homes for … More How to sell your home in tough times.