Archive | June, 2009

What is Your Role as a Real Estate Agent or Investor when Explaining a Deficiency or Tax Liability to Your Client?

In today’s real estate environment, it seems like everything that is either bought or sold is a short sale. With a successful short sale comes a host of other sometimes unknown things; two of them being either a potential deficiency judgment or tax liability to the seller.  When it comes to determining how these two [...]

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When Flipping Real Estate: Where Do I find Lenders That Have “No-Seasoning” Requirements?

Okay, so you are purchasing a short sale property and would like to resell the property fairly soon after acquiring it.  But, you are having difficulty finding a lender for your re-sale buyer that will finance the transaction due to the title having very little or maybe no seasoning. Whether you are a licensed real [...]

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Is the Government Finally “Attempting” to Assist in the Short Sale Debacle?

We have been watching our government layout plan after plan to stabilize the housing market.  Finally—we are hearing parts of the puzzle that make sense to real estate agents and investors alike, whom are currently performing short sales by the truckload. The U.S. Treasury Department, in a recent press release, has encouraged homeowners and servicers [...]

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