If you are thinking about a short sale you need to read this!
It’s been my understanding that the IRS has “waived” the “gain” of a short sale – it was just for a short time period, etc so read up on the details at irs.gov. In all my short sales, I’ve only had one bank negotiate a deficiency judgment but read on: A Short Sale May Not [...]
Bernanke agrees – the market is looking up!
Bernanke says U.S. recovery ahead, housing near bottom WASHINGTON (Reuters) – Federal Reserve Chairman Ben Bernanke told Congress on Tuesday the three-year U.S. housing bust may be near a bottom and that he expected the recession to end this year barring a relapse of the financial crisis.
I am glad this didn’t pass – but the margin is pretty thin…
I believe in business people determining business details – not judges. In real estate we find judges that are making a civil judgment on real estate matters and don’t realize the laws in place. My fear is that if we give too much power to bankruptcy judges the money supply will decline – raising rates [...]