Real estate blog entries tagged with foreclosure by RE/MAX WELCOME HOME

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foreclosure: No More 1099 in a Short Sale H.R. 3648 - Mortgage Forgiveness Debt Relief Act of 2007 - 05/25/08 03:04 PM

H.R. 3648 - Mortgage Forgiveness Debt Relief Act of 2007, The bill gives a tax break to homeowners who have mortgage debt forgiven as part of a foreclosure or renegotiation of a loan. No taxes would be owed on the value of any debt forgiven or written off. Currently such debt … (1 comments)

foreclosure: Foreclosure Tour Bus Bank Owned Homes Bristol County MA and RI - 04/09/08 05:30 PM

Brokers Are Doing Great Things Around the Region!
Brokers Thinking Outside the Box
A loud Shout Out goes out to Denis DaSilva, the Broker/Manager of RE/MAX Total in Dartmouth, MA. Denis really turned a negative situation into a positive by putting a new spin on your typical bus tour - by escorting 57 potential buyers on … (4 comments)

foreclosure: Is there a right of redemption in Rhode Island? - 05/22/07 12:30 PM

Is there a right of redemption in Rhode Island?Generally No. In a non-judicial foreclosure Rhode Island has no post sale general statutory right of redemption, which allows a party whose property has been foreclosed to reclaim that property by making payment in full of the sum of the unpaid loan plus … (0 comments)

foreclosure: Deed in Lieu of Foreclosure - 05/14/07 02:44 PM

Deed-in Lieu of Foreclosure is, in effect, giving your property to your lender in exchange for cancellation of your mortgage. It is sometimes also referred to as “Cash for Keys”. In a recent policy statement (MORTGAGEE LETTER 2002-13) HUD authorized lenders to pay FHA borrowers up to $1000.00 for a Deed … (6 comments)

foreclosure: Buying a Foreclosure Home at Auction - 05/14/07 02:42 PM

Buying a Foreclosure Home at Auction Buying a foreclosure home at its courthouse auction is the second opportunity you have in the foreclosure process. Like most other auctions, you’re just as likely to get an amazing bargain as the excitement of the auction may drive up the purchase price. Foreclosure … (4 comments)

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