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Forclosure

Short Sale Stalled Due To A Judgment Lien?

SHORT SALE STALLED DUE TO A JUDGMENT LIEN? HOMESTEAD EXEMPTION MAY BE THE ANSWER! Question: I am a real estate broker and represent a homeowner trying to do a short sale as the home’s fair market value is less than the amount of the first position loan. An offer has come in, acceptable to the homeowner, […]

Latest Developments: Mortgage Forgiveness Debt Relief Act

Latest developments concerning the extension of the Mortgage Forgiveness Debt Relief Act Following up on my earlier blog on the subject, President Obama signed the bill on December 19, 2014, so it is now law, and means that for any homeowners who either went through a short sale or foreclosure of their primary residence in 2014 […]

Mortgage Forgiveness Debt Relief Act Extended

Mortgage Forgiveness Debt Relief Act through December 31, 2014 As expected, the Senate yesterday passed H.R. 5771: the Tax Increase Prevention Act of 2014, by a vote of 76 – 16, without amendment, so the bill goes on to President Obama for signature. One of the provisions of this Act extends the Mortgage Forgiveness Debt […]

Extension of the Mortgage Forgiveness Debt Relief Act!

BREAKING NEWS…One Year Extension of the Mortgage Forgiveness Debt Relief Act! For any home owner who has engaged in a short sale of their primary dwelling in 2014 (or may be ready to do so before the end of this year), or had to go through a foreclosure this year, and ended up effectively paying […]