Short Sale Fundamentals

Featured Post

19
Dec

New Years Resolution Tips

As the end of the year rolls around we all begin to think about 2015. What we want it to be like, what we hope to accomplish, and what changes we want to see in our lives. And as always we’re afraid we’re going to fall short of our goals. I always try to come...

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15
Dec

Sky High Manhattan Rental

When they say it’s a renter’s market, they aren’t kidding. There’s just no end to the wacky places people are deciding to rent. And owners and investors are making a killing on some of these properties. By far, the top of the list is dominated by one Manhattan apartment. And you won’t believe the rent....

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12
Dec

Does Size Matter?

Does size really matter? Or more precisely, does what other people think of size really matter? It’s a question that people in the real estate business ask all the time. How much does square footage really factor in to a deal? You might think I’m being a bit tricky here. I mean, obviously size of...

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08
Dec

Tips for Selling Your Home Fast

Sometimes we assume things are going to go smoothly, that our plan will work out, and we’ll definitely come out ahead. Unfortunately, it often happens that things don’t work out that way. The question is why. And usually it comes down to mistakes we’re doing that sabotage our efforts. When it comes to selling a...

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05
Dec

Top 6 Cities for 2015

The key to any successful housing recovery is the same as it’s always been: first time home buyers. Sure there’s lots of ingredients like investors, renters, short sales, etc. But the biggest new blood infusion in the market is those newbies looking for a first home. Keeping that in mind it’s important to keep a...

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03
Dec

Short Sale Tax Breaks Expire

Among the tax breaks expiring if Congress doesn’t get their act together is the one most important to Short Sale investors. The tax exemption from forgiven debt is going to be a thing of the past if Congress doesn’t extend the list of tax breaks. Since selling below your mortgage and the bank letting you...

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01
Dec

Foreclosure Hurts From Empty Homes

Obviously one of the big costs to the banks of going through a foreclosure process is being stuck maintaining the foreclosed property after the owners have left. This is not a simple business to be in and it’s one where banks handle things staggeringly poorly. We’ve all seen them – bare hulks of houses slowly...

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28
Nov

Bank Settlements Unfair?

It hasn’t been popular in recent years to defend banks. Anyone who tried it was shouted down as being a Wall Street Fat Cat who was in the pocket of Senators and bankers. This was probably unfair, mostly, but not far from the truth. But now that the financial crisis has cooled slightly and a...

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26
Nov

SEC Waives Sanctions on BofA

Bank of America has dodged a major bullet which they claim would have been just too much for them to bear. In addition to the $16.65 billion settlement they were hit with from the SEC over their role in the mortgage-backed securities they were also facing some tough sanctions. These include: – a ban on...

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24
Nov

GSEs Revamping Old Policies

Fannie Mae and Freddie Mac are fighting back against the rising trend that’s been pushing them out of the housing industry. But far from admitting that they’re obsolete they’re trying to revamp their policies to keep themselves relevant. The latest change comes in the form of an update to their life-of-loan representation and warranty framework....

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