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Posts Tagged ‘ Short ’

Housing: Short Sales increase, Foreclosure Sales down Year-over-year

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Housing: Short Sales increase, Foreclosure Sales down Year-over-year

CR Note: There are only a few areas where the MLS breaks down monthly sales by foreclosure, short sales and conventional (non-distressed) sale. I’ve been tracking the Sacramento market to watch for changes in the mix over time. (here was my post this morning: Distressed House Sales using Sacramento Data) Economist Tom Lawler sent...
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FOMC August Minutes: Both employment and inflation to fall short of dual mandate

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FOMC August Minutes: Both employment and inflation to fall short of dual mandate

From the Fed: Minutes of the Federal Open Market Committee Eocnomic outlook: Members still saw the economic expansion continuing, and most believed that inflation was likely to stabilize near recent low readings in coming quarters and then gradually rise toward levels they consider more consistent with the Committee’s dual mandate for maximum employment and...
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What bill did George Bush sign about helping homeowners with short sales avoid a 1099?

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What bill did George Bush sign about helping homeowners with short sales avoid a 1099?

Question by gpaltrow2001: What bill did George Bush sign about helping homeowners with short sales avoid a 1099? A few weeks ago I heard about President Bush signing something to help homeowners avoid paying taxes on their short sales. Banks would issue a 1099 when a short sale was approved, and be taxed on...
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Question about short sales and REOs?

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Question about short sales and REOs?

www.cashforhousesmentor.com 800.513.HOUSE Learn how to turn into 000 in 30 days or less! Invest in your future! Get quick rewards with the No risk, No money in the mentoring program! Eddies Mentoring Program offers endless opportunities and huge income potential! Since the early 1990s, Eddie has been successfully applying Real Estate investing techniques and...
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A Look At Short Sales Images

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A Look At Short Sales Images

How a Real Estate Short Sale Really Works A real estate short sale situation may be right when a homeowner is in foreclosure and the loan amount is close to the value of the home. The seller cannot sell the house with an agent because the fees involved exceed any moneys received from the...
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Q&A: Can a lender agreeing to short sale keep you out of foreclosure?

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Question by treehugger_06: Can a lender agreeing to short sale keep you out of foreclosure? My coworker is in short sale with his lender. I am familiar with the Mortgage Debt Relief Act of 2007, but I don’t know if he is in short sale trying to sell the property, if the bank can...
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Posted in Short Sales | 1 Comment »

During a short sale, does the title get deeded over to the seller before the lender approves the sale?

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Question by Tino: During a short sale, does the title get deeded over to the seller before the lender approves the sale? I am trying to short-sale my property, and I got in contact with a company that specializes in buying short-sale properties. They are asking me to deed the title over to their...
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Posted in Short Sales | 5 Comments »

Outsourcing Your Short Sale Deals for Preforeclosure Investors

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Outsourcing Your Short Sale Deals for Preforeclosure Investors

Short Sale Hardship Letter Image by webcareer79 Outsourcing Your Short Sale Deals for Preforeclosure Investors If you’ve been investing in real estate, and more specifically preforeclosures, then there’s no doubt that you’ve come across a short sale deal.  A short sale is when the lender agrees to accept less than what is owed against...
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Do real estate brokers use impossible short sales to get new business?

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Do real estate brokers use impossible short sales to get new business?

Question by Dilbert: Do real estate brokers use impossible short sales to get new business? They want people to sign up to use them as buyer’s agent, so why not motivate those people with impossible short sales, and try to sell them other property while they wait forever for the short sale to be...
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Posted in Short Sales | 4 Comments »

Successful Short Sale Closing: Seasoning Issues ? No Problem!

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Successful Short Sale Closing: Seasoning Issues ? No Problem! One way around seasoning issues is to assign your interest in the purchase agreement to the buyer for a fee, keeping the seller as the current owner.  The drawback to this option is that the buyer must be able to pay the assignment fee without...
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