short sale: Short Sales Revisited - 09/24/08 07:17 AM
In response to another Realtor's request for assistance with short sales, I wrote the following note.  I thought it might be helpful to anyone just starting short sale work.
1.  The 1099 issue is a whole study in itself.  Generally, if the owner is living in the house and has the homestead exemption, there will not be a 1099.  Again, in general, an investor will get a 1099 for the bank's ENTIRE loss, including fees, atornies, etc.  There are many, many exceptions and I suggest you get a copy of the current Federal rule, which has been posted by several people … (0 comments)

short sale: 302 NW 2nd Place, Cape Coral, Florida 33993 - 08/12/08 11:09 AM
$145,000 for a NEW 2347 sq ft home, Never Lived In !!!
Boomer Alert !!!!!   Buy this home before you shovel another snowed-in driveway!
This 3 bedroom, 2 bath home sits in a quiet neighborhood just West of Santa Barbara Parkway and just North of Pine Island Road.  Garage Door Openers, Multiple Keys, Warranty books, etc. are all in Realtor's possession.   COME ON DOWN !!!
See the builder's description at http://www.hansenhomes.net/images/huntington3Floorplan.jpg
More detailed information at    http://www.JimGibson.BIZ    (Cape Coral Area Listings)
Jim Gibson, Florida Realtor, MBA, E-Procell 239-823-3469email  Jim@JimGibson.BIZ


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