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You may owe federal income taxes in 2013 if you have a short sale, foreclosure

WASHINGTON – Jan. 9, 2012 – You may owe federal income taxes in 2013 if you have a short sale, foreclosure after this year. Now is the time to make the hard decision: Are you going to walk away from your underwater home? Uncle Sam is still Read More...
Posted Monday, January 09, 2012 2:57 PM by Chaim Gleitmann CIPS | 0 Comments

Foreclosure Deficiency Judgments

As the foreclosure crisis continues to affect the real estate market, many troubled homeowners, and even some realtors, may not fully understand the severity of a foreclosure. In a foreclosure situation, the mortgage lender is a secured creditor which Read More...
Posted Wednesday, December 21, 2011 1:05 PM by Chaim Gleitmann CIPS | 0 Comments

Florida’s existing home, condo sales up in January

Image via Wikipedia Florida’s existing home, condo sales up in January ORLANDO, Fla. – Feb. 23, 2011 – Florida’s existing home and existing condo sales rose in January, according to the latest housing data released by Florida Realtors®. Read More...
Posted Thursday, February 24, 2011 9:17 AM by Chaim Gleitmann CIPS | 0 Comments

SAR Monthly Statistics Released for December 2010

Sales surge in December 2010 and prices remain stable The Sarasota real estate market saw a big surge in December sales, from 534 in November to 681 last month for a 27.8 percent increase. In addition, the median sales price for both single family homes Read More...
Posted Monday, January 17, 2011 11:55 AM by Chaim Gleitmann CIPS | 2 Comments

Strong rebound in pending home sales

WASHINGTON – Dec. 2, 2010 – Pending home sales jumped 10.4 percent in October, showing another positive uptrend since bottoming in June, according to the National Association of Realtors® . The Pending Home Sales Index (PHSI), a forward-looking Read More...
Posted Friday, December 03, 2010 11:32 AM by Chaim Gleitmann CIPS | 0 Comments

31% of defaults could be strategic

WASHINGTON – Nov. 1, 2010 – The financial crisis and ensuing recession apparently changed the mindset of Americans toward their homes, turning what long has been the American Dream into just another financial investment. The result, strategic Read More...
Posted Thursday, November 04, 2010 5:55 AM by Chaim Gleitmann CIPS | 0 Comments

What Are the Differences Between Foreclosure and Short Sale?

Once you fall behind your mortgage payments, you would be confronted with certain repercussions. For one, you might be on the verge of losing your home. Other home owners in a difficult position like you are in dire need of rescue on what to do to save Read More...
Posted Saturday, April 10, 2010 11:38 AM by Chaim Gleitmann CIPS | 0 Comments

Basics of Buying Real Estate Short Sales

Over the last several years, short sales have received a substantial amount of attention. This type of transaction is done when the seller owes more on his or her mortgage than the value of the property. The lender essentially agrees to accept less than Read More...
Posted Monday, March 15, 2010 11:02 AM by Chaim Gleitmann CIPS | 0 Comments

How to Separate a Good Short Sale Opportunity From the Rest

Not every troubled mortgage makes for a good Short Sale opportunity. There are things Investors must look for with regards to the homeowner, the house and the Lender to determine if a Short Sale is appropriate. Here are a few key factors. The Home Owner: Read More...
Posted Sunday, December 20, 2009 10:56 AM by Chaim Gleitmann CIPS | 0 Comments

FHA Loans To Get Costlier

It’s about to get more expensive to take out—and a bit harder to qualify for—a loan insured by the Federal Housing Administration . Faced with rising losses and falling reserves, the FHA is preparing a series of tweaks to its underwriting Read More...
Posted Wednesday, December 02, 2009 4:40 PM by Chaim Gleitmann CIPS | 1 Comments

Shortsales: The Real Story

Short sales are not new. Lenders have been doing them for years. However, due to the increase in mortgage delinquency due to our current economic situation, the lenders are now inundated with request for short sales. Bank of America, Chase and Wells Fargo Read More...
Posted Sunday, November 08, 2009 11:19 AM by Chaim Gleitmann CIPS | 0 Comments

Mortgage Modification Assistance Helping Distressed Home Owners

Changing or amending one or several aspects of a mortgage agreement is called loan modification . Loan modification is normally used by mortgage companies to help mortgage holders but can be used to alter the terms of any loan or debt obligation. Over Read More...
Posted Sunday, November 08, 2009 9:25 AM by Chaim Gleitmann CIPS | 1 Comments

Buyer Tips For Finding the Best Mortgage

Purchasing a home can be overwhelming and confusing especially for first-time home buyers. Here are some tips to help the home buying consumer obtain the best mortgage . To start, the home buyer should obtain information from several lenders. Real estate Read More...
Posted Saturday, November 07, 2009 4:28 PM by Chaim Gleitmann CIPS | 0 Comments

How To Apply For A Reverse Mortgage

How Do I Pay My Reverse Mortgage Back? You will need to pay your reverse mortgage back when the last survivor moves out of the home or passes away, all borrowers permanently move from the home, you stop paying property taxes or home insurance, or the Read More...
Posted Thursday, November 05, 2009 10:52 AM by Chaim Gleitmann CIPS | 0 Comments

Know How To Find Solutions With Home Loan Modification

In a time of financial crisis many individuals find themselves reflecting on their financial situation, especially in regards to the fluctuating housing market . No individual wants to lose their home but the search for solutions to stop foreclosure seem Read More...
Posted Thursday, November 05, 2009 10:34 AM by Chaim Gleitmann CIPS | 0 Comments