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The topic of short sales and foreclosures seem to dominate the headlines everywhere. There has been a lot written about short sales and whether you should or shouldn’t short sale your home if you’re in this situation. This has led to many misconceptions about short selling your home. This series is about the myths regarding [...]
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Recently the Florida Attorney General filed suit against several “foreclosure rescue” companies who tout to help homeowners in distress. Read the following exceprt as a warning about those who prey on homeowners facing a short sale or foreclosure. State regulators filed a lawsuit in Palm Beach Circuit Court Tuesday against four South Florida mortgage loan [...]
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As real estate values have dropped over the last couple of years, drastically in some places, thousands of home owners have found themselves either upside down on their mortgage, unable to afford their payments, or both. The topic of short sales and foreclosures seem to dominate the headlines everywhere. There has been a lot written [...]
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Short sales in real estate today make up about 30-40% of home sales in south Florida. Everyone hears about them, but not too many people know the potential tax consequences of the short sale itself. The following article gives some good examples of the potential tax consequences of selling your home using a short sale. [...]
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