Archive for May 2009

Empower Your Assets…Your Interest In Real Property

Imagine a creditor attempting to find out how much disposable money you have access to. Other assets such as copies of deeds, along with financial evidence such as taxes on real property paid are public records that anyone can look up at the county courthouse. Sometimes even appraisers keep records that include the layout of…

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Short Sales And Tax Implications

If you are considering a real estate short sale of your home, be prepared to receive a form 1099-C for the amount of the lender’s losses. In the eyes of the IRS, this is considered “loan forgiveness”. You may be responsible to pay ordinary taxes on the amount of the 1099-C. If you settle a…

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Short Sale…Is There An Upside?

In this day of real estate market crashes and you owe more than what your home is valued at, you might qualify for a legal, lender approved solution known as a Short Sale. This can be accomplished by negotiating with your lender to accept a sale of your property to a third party for less…

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