las vegas short sales: Mortgage Debt Relief Extension May Increase Las Vegas Short Sales
- 01/14/13 02:50 AM
A recent survey performed by the well known foreclosure agency You Walk Away .Com revealed some startling statistics. Of the clients that responded to their survey 78% were walking away from their primary residence and a minimum of 74% were eligible for tax relief under the guidelines of the Mortgage Debt Relief Act. Co-Founder Chad Ruyle stated that had the Relief Act not been extended until the end of 2013 that “it could have brought a drastic halt to short sales and had a devastating effect on underwater homeowners”. In some states timelines for foreclosures can easily take a … (0 comments)
las vegas short sales: Distressed Las Vegas Homeowners May Breathe a Big Sigh of Relief
- 01/11/13 02:06 AM
The Mortgage Forgiveness Debt Relief Act that was passed back in 2007 has been extended by congress until the end of 2013. One of the major advantages to Las Vegas homeowners selling their home on what is known as a “short sale” is not only being forgiven of the debt incurred when a home is sold for less than what is owed to the lender, but not being taxed on the sale. If the Debt Relief Act had not been extended many distressed sellers would have incurred a tax liability from the short sale process. As an example, … (0 comments)
las vegas short sales: Banks Begin to Promote Short Sales to Las Vegas Homeowners
- 01/10/13 11:40 PM
There have been a lot of changes in the rules when it comes to short sales. As you probably already know, short sales have become more and more popular as an option for those of us in Las Vegas that need a better alternative than a foreclosure. But were you aware that banks are beginning to appreciate this option more than ever before? I am an avid on line banker and I noticed something recently that I had not seen before. My bank is actively marketing short sales to its customers on line! There it was right in front … (0 comments)
Author Bio: Daryl B. DeShaw is the team leader of the Wilk-DeShaw Group. Serving all of Southern Nevada, Daryl has over 20 years of experience. Investor properties, Commercial, Residential, Luxury, Property Management. Through their affiliations the Wilk-DeShaw Group was one of the first in the Las Vegas market to bring attorney representation in the Short Sale process with no cost to the Seller. In trouble? How can you afford not to seek a consultation!
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