6 Articles match "Dec","Homes"

• The Best from RealtyTrac

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• Avoid and Stop Foreclosure - Help at RealtyTrac
  
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  www.realtytrac.com - Tuesday, February 3, 2009
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• U.S. Foreclosure Laws
  
  If the mortgagor is unable to pay off the default, the attorney files a lawsuit against the mortgagor to establish the default amount and the right to have the collateral(home) sold and the sale proceeds applied towards the outstanding loan. The The lis pendens gives notice to the public that a pending action has been filed against the borrower in default to collect the defaulted debt, including having the collateral (home) sold. Foreclosure State Laws By RealtyTrac Foreclosure laws and timelines vary from state to state. Knowing the process in your state will help you adopt a
  www.realtytrac.com - Tuesday, February 3, 2009
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• New Tax Law Spurs More Short Sales, Expert Says
  
  For real estate investors looking for pre-foreclosure bargains, a new federal law could unleash a torrent of short sales as struggling borrowers facing foreclosure unload their over-mortgaged homes to avoid huge tax bills on capital gains. HR 3648 , or the Mortgage Forgiveness Debt Relief Act, signed by President George W. Bush on Dec. 20, helps people whose homes are in foreclosure by canceling taxes on any mortgage debt that has been forgiven by their lender. The government previously viewed the difference between the debt and the value of the home as taxable “income.”
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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• When Foreclosure Is Not Politically Correct
  
  Laura Richardson has lost, via foreclosure, the 1,600 square-foot, two-story Sacramento home with three bedrooms and 1.5 Details of the property’s history on the RealtyTrac website show that a Notice of Default was recorded against it on Dec. At the time of sale Richardson allegedly owed her lender, Washington Mutual, more than $578,000 thanks to the 100 percent financing used to purchase the home and the additional fees and costs incurred by foreclosure. Typically when you read about a politician and foreclosure, it’s in relation to some piece of legislation created to combat the recent surge in foreclosures.
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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• Bush Foreclosure Solution Just Adds Water
  
  At present, under the Tax Code a homeowner who loses a home to foreclosure has to pay income taxes on any portion of the mortgage debt the lender may decide to forgive. Given such reasoning, amending the legislation’s core concept may indeed be justified because in the free market system under which this country operates homeowners, like any other consumers, should not be rewarded for making bad financial decisions in purchasing more home than they could really afford in the first place. It wasn’t very long ago that President George W. Bush came out with a public policy statement
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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• Secrets of Pre-Foreclosure Investing
  
  Most people in foreclosure today have zero equity in their homes,” said Thomas J. The legislation was signed into law by President Bush on Dec. 20 and will provide a temporary, three-year change to the tax code to eliminate any taxes homeowners might face when banks renegotiate the terms of a home loan and forgive a portion of the outstanding mortgage debt. Secrets of Pre-Foreclosure Investing By Octavio Nuiry, RealtyTrac Staff Writer    One pre-foreclosure expert says a new federal law will change everything, and short sales and short payoff sales will become the new trend in the marketplace.
  www.realtytrac.com - Tuesday, February 3, 2009
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