Short Sale – now is the time to act!
A short-term IRS program that ignores lender-forgiven mortgage debt ends Dec. 31; if you need to short sale your home, you should consider listing now!
You may owe federal income taxes in 2013 if you have a short sale, foreclosure after this year. Now is the time to [...]

Foreclosures made up a smaller slice of all U.S. homes sold in last year’s third quarter, as banks delayed placing properties for sale and home sales slowed.
Despite the decline, foreclosures still represented 20 percent of all homes sold in the July-September period – about four times more than at the height of the housing boom, [...]

Starting Dec 1st, many homeowners with “underwater” mortgages can apply for a new Fannie Mae and Freddie Mac refinance program geared for pretty much everyone who owes more on a home than it’s worth – including landlords and second-home owners.
The federal government’s previous foreclosure-prevention efforts, such as the Home Affordable Modification Program (HAMP), lowered the [...]