short sale
Loan Modification Process | What to Do if You’re Rejected
The loanA Loan is an amount of money that is lent to a borrower, who agrees to repay it plus interestInterest is money charged for the use of borrowed funds. Usually expressed as an interest rate, it is the percentage …
Getting a New Mortgage After Short Sale or Foreclosure
Getting a new mortgageA Mortgage is a document granting a lien on a home in exchange for financing granted by a lender. The mortgage is the means by which the lender secures the loan and has the ability to foreclose …
How to Avoid Paying Taxes on Forgiven Mortgage Debt
Ilyce Glink explains how to avoid paying taxes on forgiven mortgageA Mortgage is a document granting a lien on a home in exchange for financing granted by a lender. The mortgage is the means by which the lender secures the …
Options for Removing Your Name from a VA Loan
In order to remove your name from a VA loanA Loan is an amount of money that is lent to a borrower, who agrees to repay it plus interestInterest is money charged for the use of borrowed funds. Usually expressed …
Selling Your Home in a Short Sale: Is a Short Sale Worth it?
Selling you home in a short sale: Is a short sale worth it? A short sale can affect your credit, but you get a break from the IRS in 2013. Q: Our daughter and son-in-law are looking into using a …
Can’t Afford Mortgage: Sell Your Home in a Short Sale
If you can’t afford your mortgageA Mortgage is a document granting a lien on a home in exchange for financing granted by a lender. The mortgage is the means by which the lender secures the loan and has the ability …
Short Sale vs. Deed in Lieu of Foreclosure: Which is Faster?
To speed a closing with the bank before the end of 2012, you need to talk with your bank to decide what is faster: a short sale or deed in lieu of foreclosureForeclosure is the legal action taken to extinguish …
Short Sales and Deficiency Judgments: What You Need to Know
Selling your home in a short sale is better than going into foreclosureForeclosure is the legal action taken to extinguish a home owner’s right and interestInterest is money charged for the use of borrowed funds. Usually expressed as an interest …
Short Sales and Their Lingering Tax Implications
Short sales are the only options for many homeowners, but its tax implications continue to affect the housing market. There is very little that makes short sellers happy these days. But we recently heard from one who finally at least …
What to Do When the Bank Is Stalling Your Short Sale
When the bank is stalling your short sale, there may not be much you can do to make the process go quicker. However, most banks realize that taking a short sale offer is better than the foreclosureForeclosure is the legal …
