2 Articles match "Example","Tampa"

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Secrets of Pre-Foreclosure Investing
Lucier, a Tampa Bay real estate investor and author of The Pre-Foreclosure Property Investor’s Kit . “That’s Lucier, the Tampa Bay real estate investor and author, says the secret to being a profitable pre-foreclosure investor is “specialized knowledge.” “In this business, you cannot afford to rely on the expertise and advice of so-called real estate professionals such as real estate agents and title escrow agents who may or may not know what they are doing,” says Lucier, a 24-year veteran of investing in pre-foreclosures. “When 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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New Tax Law Spurs More Short Sales, Expert Says
short sale is a pre-foreclosure sale in which the mortgage lender agrees to accept less than what they are owed on the property. “It’s going to change everything,” said Lucier, a Tampa, Fla., If a person, for example, owes $200,000 on a mortgage, and the borrower and the bank agree to sell the house for $150,000, the $50,000 debt forgiven by the lender will not be taxed. 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.
www.foreclosurepulse.com - Tuesday, December 16, 2008
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  • New Tax Law Spurs More Short Sales, Expert Says
    short sale is a pre-foreclosure sale in which the mortgage lender agrees to accept less than what they are owed on the property. “It’s going to change everything,” said Lucier, a Tampa, Fla., If a person, for example, owes $200,000 on a mortgage, and the borrower and the bank agree to sell the house for $150,000, the $50,000 debt forgiven by the lender will not be taxed. 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.
    www.foreclosurepulse.com - Tuesday, December 16, 2008
    READ MORE
  • Secrets of Pre-Foreclosure Investing
    Lucier, a Tampa Bay real estate investor and author of The Pre-Foreclosure Property Investor’s Kit . “That’s Lucier, the Tampa Bay real estate investor and author, says the secret to being a profitable pre-foreclosure investor is “specialized knowledge.” “In this business, you cannot afford to rely on the expertise and advice of so-called real estate professionals such as real estate agents and title escrow agents who may or may not know what they are doing,” says Lucier, a 24-year veteran of investing in pre-foreclosures. “When 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