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What are the tax considerations of a HAFA short sale? The difference between the remaining amount of principal owed and the amount that the servicer receives from the sale must be reported to the Internal Revenue Service (IRS) on Form 1099C, as debt forgiveness. In some cases, debt forgiveness co...
RE/MAX Times: Learn how to get Short Sales to the closing table smoothly with Michelle Burgos' insights Short Sales aren’t easy, but they can be rewarding and profitable when done right, says Michelle Burgos. Burgos is a Short Sale specialist in South Florida – a housing market awash with distres...
Short Sales aren’t easy, but they can be rewarding and profitable when done right, says Michelle Burgos. Burgos is a Short Sale specialist in South Florida – a housing market awash with distressed properties. From her marketing to lender packages, everything about Burgos’ approach to Short Sales...
"Strategically defaulting" or walking away on your mortgage is not the answer. You will find that there is nothing strategic about foreclosure, especially when there are solutions to avoid it. You should know that you have options, and that you are not alone. More than 25% of American homeowners ...