1 Articles match "December","Example","Florida"

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Secrets of Pre-Foreclosure Investing
On December 18, Congress passed new legislation to eliminate taxes on mortgage debt. Most residential properties in pre-foreclosure – especially in bubble states like California, Florida and Nevada – are not worth pursuing because the defaulting homeowners have drained the equity out of their homes. In California, for example, sellers in foreclosure are protected by both the California Home Equity Sales Contact Act (California Civil Code Sections 1695-1695.17), which was enacted in 1979, and 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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  • The Best from RealtyTrac MORE
  • Secrets of Pre-Foreclosure Investing
    On December 18, Congress passed new legislation to eliminate taxes on mortgage debt. Most residential properties in pre-foreclosure – especially in bubble states like California, Florida and Nevada – are not worth pursuing because the defaulting homeowners have drained the equity out of their homes. In California, for example, sellers in foreclosure are protected by both the California Home Equity Sales Contact Act (California Civil Code Sections 1695-1695.17), which was enacted in 1979, and 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
    READ MORE