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tax consequences: How the Housing & Economic Recovery Act of 2008 Impacts the Fort Wayne Housing Market - 08/01/08 06:51 PM
I have just had an opportunity to review a summary of the new housing bill that was put together by the Mortgage Bankers Association.  It appears that we will still be able to utilize the Down Payment Assistance (DPA) programs for all loans "credit approved" prior to 10/1/2008.  So now we know our window of time is 60 days.  It is very important to get this word out to potential buyers, especially if they are already pre-approved using a DPA!  I see this as a HUGE opportunity for us to create a sense of urgency and get some buyers off the … (0 comments)

tax consequences: Short Sale Information... You Don't Have to be Behind to Benefit - 05/09/08 12:29 PM
Did you know that many investors WILL work with you on a short sale even if you are not behind on your mortgage payment as long as you are persistant?
I recently was made aware of a situation in which a customer had a life event occur & ended up with 2 homes.  The second home became a burden on the couple & they were not able to sell their home for anything close to the amount of money they had into it even though it was on the market for a full year.  They had never gotten behind, but when they … (7 comments)

tax consequences: Short Sale Tax Consequences... Will the IRS Forgive the 1099 Income? - 05/09/08 11:57 AM
The following useful article was forwarded to me by Steve McMichael:
… (1 comments)

 
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Nathan Gaier, Northeast Indiana's Mortgage Team

Fort Wayne, IN

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Hallmark Home Mortgage

Office Phone: (260) 469-0917

Cell Phone: (260) 615-9676

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Mortgage, Real Estate, First Time Homebuyer, FHA, VA, Conventional, Industry Updates, short sale, forclosure, pre-forclosure, jumbo, MCC, Community Connections, Tax information


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