Will I Owe Income Tax After A Short Sale? Elyria OH – This is one of the first questions potential short sale sellers ask us. “I heard of something called “forgiveness of debt income and that it is taxable. How does that work?”
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Westlake OH - The Stop Foreclosure Institute recently received a question from Christy. “Why would I do a short sale instead of saving the monthly payments and letting it go into foreclosure?” Christy asked. Here is the answer. If you stop
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How GMAC Short Sales Work Westlake OH – GMAC, was the financing arm of General Motors. It was taken over by Uncle Sam and has been mostly privatized as Ally Financial. However, many people still have loans from the original GMAC. Some of these homeowners
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Typical Abandoned Real Estate Elyria OH– The New York Time had an interesting article about one man’s mission in the fight to stop foreclosure. According to the article, Mark Guerette, attempted to make use of all the empty, abandoned houses
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FHA Changes for Homebuyers FHA Changes . .Effective date April 5, 2010 – . . . Waiting a few extra days or weeks to purchase a home this spring could cost buyers thousands of extra dollars as the Office of Housing and Urban Development (HUD) implements
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