Mussings on Short Sales and other Things

Your Distressed Property and Short Sale Expert in Maryland  Why Does the Lien Holder Ask for Lots of Information for a Short Sale? Sellers want to know why they have to submit tax returns, bank statements, and pay stubs in order to participate in a short sale transaction. Important - remember tha...

Your Distressed Property and Short Sale Expert in Maryland  If you don't itemize you Federal Tax return you will lose the property tax deduction that has been available for the last few years. This break cost the Treasury $1.6 billion in 2008 and 2009. However, most wage earners will have a 2% re...

Your Distressed Property and Short Sale Expert in Maryland According to the Commerce Department, sales of new homes rose 5.5 % over October to a seasonally adjusted rated of 290,000, not far from the lowest rate of new homes sales in 47 years. In contrast, economists consider a more typical rate ...

Your Distressed Property and Short Sale Expert in Maryland  Virginia Legislature revised state foreclosure laws last year making it possible for lenders to foreclose on homeowners with as little as two weeks notice, and sell the home on the court house steps. Likely most homeowners are not in a r...

Just saw a great article in WSJ. They had reported on a couple in Dade County, Florida that had worked out a mortgage payment deal with J P Morgan Chase last August, only to find out that J P Morgan Chase had sold their house online in a foreclosure sale. They had not missed their $659.30 payment...

 The new tax deal has a benefit for homeowners in Frederick, Maryland, and across the US, through 2011 that was set to expire for 2010 tax year. Mortgage insurance premiums, a newer benefit since 2007, has been extended for one more year, allowing homeowners to claim MIP as a deduction when they ...

Your Distressed Property and Short Sale Expert in Maryland  In an effort to speed up foreclosure paperwork, Fannie Mae and Fredie Mac(tax payer owned entities) hired law firms to process the filings without anyone watching to make sure the process was accurate or legal. Firms were threatened with...

Your Distressed Property and Short Sale Expert in Maryland Here we go again! As we have heard many times, the finaicial collapse of the last five years is still being hashed over. Distressingly, as so often, New York is taking the lead, instead of the Fed(FEC)regarding the case of Lthe Lehman Bro...

Your Distressed Property and Short Sale Expert in Maryland Census info starting to be released from 2010 Census. Population moving to south and west - nothing new Californaia for first time in 160 years adds no members of Congress - most increases to "Republian " states - Texas, Florida, Arizona ...

Your Distressed Property and Short Sale Expert in Maryland As we have learned from the Irish banking crisis - whic becam a national crisis, over extended bansk can become a drag on a nations economy - leading economists to recognize that the debts of a country and the debts of it's banking system...