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I was reading more about deficiency questions with short sales and I thought I would elaborate a little on the subject. When you get a lender to accept a short sale the amount of debt forgiven becomes a taxable event. Example: Homeowner owes $250,000...
Read more...The Homeowner is in Bankruptcy First off you don’t ever want to offer legal advice to the homeowner unless under the rare situations where you’re a qualified attorney. Let’s discuss the two typical types of bankruptcies that you may...
Read more...It is good to understand the general perspective of the agent conducting a BPO. Did you know the BPO Agent usually only makes $40-50 for each BPO the lender orders? Consider that for a moment. The BPO Agent has to drive out to property, s...
Read more...So you’ve got your new home picked out and you’re ready to embark upon the long process of securing a home loan and ultimately taking ownership of your dream home. Armed with that excitement, you take to the Internet in hopes of uncoverin...
Read more...En un estudio llevado a cabo por el Departamento de Vivienda y Desarrollo Urbano (Housing and Urban Development,HUD), los resultados mostraron que los hispanos han sido objeto de prácticas desleales por parte de los proveedores de hipotecas y ...
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