Posts Tagged short sales

New short sale rules make it easier to sell your home…and get more money!

If you must sell your home for an amount that is less than the mortgage, take heed of the new rules pertaining to short sales.

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September News Letter

Unless Congress grants an extension, a law created in 2007 to help troubled homeowners expires at the end of this year, homeowners will be unable to avoid paying taxes on forgiven debt for their primary residences. Some sellers will face daunting tax bills once the law expires. Unless Congress grants an extension, a law created in 2007 to help troubled homeowners expires at the end of this year, homeowners will be unable to avoid paying taxes on forgiven debt for their primary residences. Some sellers will face daunting tax bills once the law expires.

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The Short Sale Process Explained

Despite recent upticks in the South Florida housing market, many homeowners who purchased property at the peak of the real estate market find themselves underwater in their mortgage. Although the prognosis for the market is good and we are seeing positive growth, the possibility of housing values returning to levels seen before the housing bubble burst may be a long way off.Despite recent upticks in the South Florida housing market, many homeowners who purchased property at the peak of the real estate market find themselves underwater in their mortgage. Although the prognosis for the market is good and we are seeing positive growth, the possibility of housing values returning to levels seen before the housing bubble burst may be a long way off.

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Florida leads the nation in Foreclosures with three times the national average

Realtors will tell you that the market is heating up. They are clamoring for listings and the ones they get sell within days, with multiple offers and usually for over asking price. But statistics still show that Florida is the Foreclosure leader, and South Florida is the capital.Realtors will tell you that the market is heating up. They are clamoring for listings and the ones they get sell within days, with multiple offers and usually for over asking price. But statistics still show that Florida is the Foreclosure leader, and South Florida is the capital.

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Are South Florida’s Short Sales declining?

Although the housing market is starting to see a slow recovery, homeowners who are still underwater on their mortgages will still have to wait a very long time, if ever, to see the value of their home return to what they paid for it. Therefore, these homeowners continue to remain current on their mortgage, but may want to upgrade their house or may need to relocate.Although the housing market is starting to see a slow recovery, homeowners who are still underwater on their mortgages will still have to wait a very long time, if ever, to see the value of their home return to what they paid for it. Therefore, these homeowners continue to remain current on their mortgage, but may want to upgrade their house or may need to relocate.

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