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short sales protection: foreclosure? a Short Sale may be the answer - 09/08/08 08:28 PM
Your credit may be adversely affected by a foreclosure, a short sale may be the answer.
Given today's real estate market, many homeowners are left with little or no equity in their property , facing a foreclosure process because you owe close to if not more than the value of the loan on your home. In these types of cases, lenders may sometimes accept discounts on mortgages to allow the sale of the property and avoid potential foreclosures and bankruptcies.They are not doing this out of charity. These lending institutions don't like bad loans on their books. They are also not in … (0 comments)

short sales protection: Pre-Foreclosure-Short Sales- Mortgage Cancellation Tax Relief Act, H.R. 3648, by a vote of 386 to 27 - 10/08/07 01:41 PM
Update: many of us are dealing with Clients who have been going through the hardest times of their lives, owning a Home is supposed to be the American dream.. Not a nightmare. finally some relief in site.
The National Association of Realtors® praised the U.S. House of Representatives for today's passage of the Mortgage Cancellation Tax Relief Act, H.R. 3648, by a vote of 386 to 27. Since the early 1990s, NAR has advocated for repeal of the current law, which forces individuals to pay an income tax when they have had a loan forgiven or have had to foreclose because … (3 comments)

 
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Patricia "Pattie " Romano Your HomeTown Realtor 609 312-9043

Manahawkin, NJ

More about me…

RE/MAX AT BARNEGAT BAY-

Address: 31 North Main Street (RT 9 ) , "Lakeside Village Square", Manahawkin, NJ, 08050

Office Phone: (609) 978-4046 x 5115

Cell Phone: (609) 312-9043

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Specializing In All your real estate needs,Through-out Ocean County New Jersey,Manahawkin, Stafford, Little Egg Harbor,Tuckerton, Long Beach Island, ForkedRiver,Berkeley, Lacey- www.soldbypattie.com Pattie Romano"
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