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The Burbank Short Sale Pros

The Burbank Short Sale Pros. Helpful information about real estate transactions, short sales and foreclosures. Wednesday, June 23, 2010. Income Tax Liability in Short Sales and Deeds in Lieu of Foreclosure. If your lender agrees to a short sale or to accept a deed in lieu, you might have to pay income tax on any resulting deficiency. In the case of a short sale, the deficiency would be in cash and in the case of a deed in lieu, in equity. 8226; Loans for your primary residence. If the loan was secure...

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The Burbank Short Sale Pros. Helpful information about real estate transactions, short sales and foreclosures. Wednesday, June 23, 2010. Income Tax Liability in Short Sales and Deeds in Lieu of Foreclosure. If your lender agrees to a short sale or to accept a deed in lieu, you might have to pay income tax on any resulting deficiency. In the case of a short sale, the deficiency would be in cash and in the case of a deed in lieu, in equity. 8226; Loans for your primary residence. If the loan was secure...

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The Burbank Short Sale Pros | short-sale-pros.blogspot.com Reviews

https://short-sale-pros.blogspot.com

The Burbank Short Sale Pros. Helpful information about real estate transactions, short sales and foreclosures. Wednesday, June 23, 2010. Income Tax Liability in Short Sales and Deeds in Lieu of Foreclosure. If your lender agrees to a short sale or to accept a deed in lieu, you might have to pay income tax on any resulting deficiency. In the case of a short sale, the deficiency would be in cash and in the case of a deed in lieu, in equity. 8226; Loans for your primary residence. If the loan was secure...

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short-sale-pros.blogspot.com

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The Burbank Short Sale Pros: The Short Sale Process

http://short-sale-pros.blogspot.com/2010/06/short-sale-process.html

The Burbank Short Sale Pros. Helpful information about real estate transactions, short sales and foreclosures. Tuesday, June 15, 2010. The Short Sale Process. Here is the process:. 1 Seller contacts us for consultation. 2 Comps are pulled and property profiled to determine quick estimate of value and mortgage debt. 3 If short sale is viable, full BPO done to determine value/sales price range. 4 Seller signs listing agreement and provides mortgage payment coupons. 6 Property is listed in the MLS.

2

The Burbank Short Sale Pros: Foreclosure Scams No. 1: Equity Stripping

http://short-sale-pros.blogspot.com/2010/06/foreclosure-scams-no-1-equity-stripping.html

The Burbank Short Sale Pros. Helpful information about real estate transactions, short sales and foreclosures. Wednesday, June 16, 2010. Foreclosure Scams No. 1: Equity Stripping. Scammers know that people in trouble make easy victims. They swoop in and offer to "help" borrowers - and in the end, end up with their house. Victims sometimes spend years fighting to get their homes back and many never succeed. But reconveyance, as it's sometimes known, is ripe for abuse. Clients are often told that payments ...

3

The Burbank Short Sale Pros: In Depth Look at Short Refinancing

http://short-sale-pros.blogspot.com/2010/06/in-depth-look-at-short-refinancing.html

The Burbank Short Sale Pros. Helpful information about real estate transactions, short sales and foreclosures. Tuesday, June 22, 2010. In Depth Look at Short Refinancing. A short refinance is the process by which the lender lowers the principal balance on a mortgage loan, allowing the homeowner to qualify for an FHA refinance through a different lender. Achieving a reduced principal is the crucial step in satisfying the loan-to-value terms of the prospective new lender. Short Refinancing Borrower Benefits.

4

The Burbank Short Sale Pros: Foreclosure Scams No. 2: Phantom Help

http://short-sale-pros.blogspot.com/2010/06/foreclosure-scams-no-2-phantom-help.html

The Burbank Short Sale Pros. Helpful information about real estate transactions, short sales and foreclosures. Wednesday, June 16, 2010. Foreclosure Scams No. 2: Phantom Help. How did the scammer know to target you, anyway? 8226; Don't call for assistance from one of those ubiquitous signs on telephone poles that advertise help. Chances are, that's not where help lies. 8226; Do proceed with caution, if a company or person:. Collects a fee before giving any services;. Advertises to people whose homes are ...

5

The Burbank Short Sale Pros: Foreclosure Scams No. 3: The bait-and-switch

http://short-sale-pros.blogspot.com/2010/06/foreclosure-scams-no-3-bait-and-switch.html

The Burbank Short Sale Pros. Helpful information about real estate transactions, short sales and foreclosures. Thursday, June 17, 2010. Foreclosure Scams No. 3: The bait-and-switch. In this scam, which NCLC calls the "bait-and-switch," a con artist actually tricks a homeowner into signing over the deed to a home - without his knowledge. How could somebody fall for this? 8226; Never make a verbal agreement. Get all promises in writing and get full copies. Cast a skeptical eye at deals that sound too good ...

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The Burbank Short Sale Pros

The Burbank Short Sale Pros. Helpful information about real estate transactions, short sales and foreclosures. Wednesday, June 23, 2010. Income Tax Liability in Short Sales and Deeds in Lieu of Foreclosure. If your lender agrees to a short sale or to accept a deed in lieu, you might have to pay income tax on any resulting deficiency. In the case of a short sale, the deficiency would be in cash and in the case of a deed in lieu, in equity. 8226; Loans for your primary residence. If the loan was secure...

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