1099 from a short sale - 12/19/08 03:14 PM
This is more of a question as to which would be more of a burden. In a short sale or Deed in Lieu of foreclosure when the property is a second home or investment property it is usually customary to have a 1099 issued for the difference in sale price to outstanding loan amount. This would be considered taxable income and therefore unavoidable, even if you declared bankruptcy. 
On the other hand a defficiency judgement can be dismissed through bankruptcy and the mortgage company cannot strong arm as much as Uncle Sam. I read alot of posts re: the avenues to take … (2 comments)

2 car garage with 2 cars in it - 12/07/08 03:11 PM
Well , one thing can be said for this economic slowdown : I finally had the time to clean up my gargage and get both cars in it. I thought about a before and after shot but i was too late to get the before and I don't think my wife likes me to advertise how much of a mess our garage was.
I was amazed at how much stuff I found that I had believed lost forever. I found light fixtures and outlets, plumbing parts, all of which I bought more thinking I had none. It's pretty ridiculous to see … (7 comments)

Opportunity isn't knocking, it's pounding the door down! - 12/02/08 04:36 PM
I'm sitting in my company's office just a few minutes before 5:00 , the receptionist will be leaving in a few minutes and then it will be just me .  I was just thinking back to the times when there would be 5 to 10 agents here until way after 8:00 . I took a look earlier at the REO inventory in the Cape May County real estate market and I saw over 120 with another 900 well on the way .  It is tough to think about some of those folks in that situation at a time of year like this. … (1 comments)

Newly Renovated with Handicap Access Short Close to Bay - 12/01/08 03:05 PM
… (1 comments)

 
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David Green

Wildwood Crest, NJ

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RE/MAX at The Shore

Address: 6011 New Jersey Ave, Wildwood Crest, NJ, 08260

Office Phone: (609) 523-9494 x 31

Cell Phone: (609) 425-8179

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Very useful information and insight into area matters. Great links to local hot spots . Great property search sites. From Cape May all along the Delaware Bay into Cape May Beach , Cape May Court House, Stone Harbor , Avalon and down through North Wildwood into Wildwood Crest. qrcode <!-- Facebook Badge START -->David Green

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