You’re telling me there is a chance that the buyer pays the seller’s taxes??? How is that??? Continue reading
You know when you run across those feel good moments and you realize why you’re really doing something? Recently, I had one of those moments again, and it made my day.
A couple months ago, I had a client call me. To protect the innocent, let’s call him Joe. The walls were closing in on him, and he had just gotten Continue reading
Investment real estate is one of the oldest and most inefficient Continue reading
Last month we talked about green energy and ways to keep some “green” in your pocket. This month, there is a different kind of “green.” One that is transforming our real estate world, and one that you should be aware of. Continue reading
Let me tell you a story. Continue reading
UPDATE – Congress has passed temporary Continued Resolution meaning that changes to USDA Rural Housing eligible areas has been delayed until mid December.
What does this mean for PrimeLending and USDA Rural Housing? Continue reading
Mortgage Debt Forgiveness
If your mortgage debt is partly or entirely forgiven during tax years 2007 – 2013, you may be able to claim special tax relief and exclude the debt forgiveness income.
Normally, debt forgiveness results in taxable income. However, under the Mortgage Forgiveness Debt Relief Act of 2007, you may be able to exclude up to $2 million of debt forgiven on your principal residence. The limit is $1 million for a married person filing a separate return. Continue reading
|Here’s one of the more recent questions from the Washington Association of REALTORS® legal hotline. The deficiency judgment seems to be a hot topic again lately.. and another reason why you should seek an experienced agent for your short sale situation. QUESTION:|
|When can a lender take a deficiency judgment against a seller and, conversely, when is a lender prohibited from taking a deficiency judgment? Continue reading|
Here’s a great tidbit from the Washington Association of REALTORS® legal hotline regarding federal laws, tenants & foreclosures….
Are there state and/or federal laws affecting tenant occupancy of rental property after a foreclosure sale? Continue reading
Filing Bankruptcy & Selling your Home?
Below is today’s opinion from Annie Fitzsimmons, the attorney who answers questions for the Washington Association of REALTORS® Legal Hotline. If you or someone you know is facing a hardship with their property, please talk to an expert to determine the best way to proceed forward. For additional questions or information, please contact Jen at (206) 293-1005 or send me an email to email@example.com.
Property is listed and the owner just filed for bankruptcy. Can listing agents continue to list the property and try to find a buyer? Continue reading