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Showing posts with label Short Sale. Show all posts
Showing posts with label Short Sale. Show all posts
Monday, March 16, 2020

Coronavirus & Foreclosure: It's about to get real

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With quarantine, foreclosures are next. We are heading for a recession and possibly a depression the likes of which we haven't s...
Friday, January 10, 2020

New Law: Mortgage Forgiveness Debt Relief Act Extended to 1/1/2021

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On December 20, 2019,  Public Law No: 116-94  extended 26 USC 108(a)(1)(E) to 1/1/2021.  According to the IRS , this law "allows taxp...
Monday, October 29, 2018

Attention Brokers - What should you do if your prospective seller has a Lis Pendens on their property with public records?

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Most importantly, a Lis Pendens does not necessarily mean that there is a foreclosure on the property. Instead, a Lis Pendens simply means t...
Wednesday, December 30, 2015

Income Tax Relief after a Short Sale for 2015 & 2016

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The President has extended the Mortgage Forgiveness Debt Relief Act through the end of 2016 by signing Congress’ Spending Bill into law. ...
Tuesday, May 26, 2015

The Making Home Affordable Program (MHA) has been formally extended 1 year

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The Making Home Affordable Program (MHA) , has been formally extended 1 year, through December 31, 2016, by Supplemental Directive 15-04 ....
Tuesday, November 25, 2014

Good Faith Decisions on Short Sales - Updates Coming 12/1/2014

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Effective December 1, 2014 , the Courts of the State of New York will oversee negotiations between lenders and borrowers to achieve a short...
Tuesday, May 27, 2014

Foreclosure Activity is Down Nationwide

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Nationwide foreclosure activity is at its lowest point since 2007. The amount of auctions, defaults, and repossessions have substantially ...