short sale expert: Get rich in Real estate with no money down! - 01/12/09 09:26 AM
 It's never gong to happen! I know a lady who spent $2000 on a course in Portland Or. She had great credit so now she now owns three houses she can not sell and is going to file bankruptcy.  Most can't come up with the kind of real money it takes so they just waste the $2000 and allot of time trying. I have met about 30 of these people as well. I feel bad for them, but they rarely listen to knowledgeable Brokers and investors.
There is a way to make money in Real Estate and I will give it to you … (5 comments)

short sale expert: Seller Paid Taxes on short sales explained - 12/05/08 09:15 AM
Seller Paid Taxes on short sales explained.
Prior to December 2007, if a homeowner lost his house due to a bank foreclosure, and the bank forgave any difference between the price it was sold for and what was owed, the homeowner would owe additional income tax on that portion. Yes, it's hard to believe, but true.
Let's say the homeowner owed $300,000 on the mortgage, but the foreclosure sale only brought in $200,000. Then the bank forgave the $100,000 shortfall. The homeowner would have been liable for the income tax on the $100,000 debt forgiveness from the bank.
The IRS considered … (3 comments)

short sale expert: Deal Of the year! Incredible short sale Success! - 03/26/08 08:38 AM
Congratulations to my client Jerry Edgemon for getting one of the best deals of the year on a short sale. Purchase Price $200,000 as is. Finance Appraisal was $240000 as is. This took over three months to get done, Two months just to get an answer finalized from the bank but was well worth the wait. This is the kind of instant equity that is achievable in this market if you are willing to be patient with a Realtor who knows the system. GOOD JOB JERRY!!!! Incredible short sale Success
Justin Thayer
Team Thayer Keller Williams
www.teamthayer.com
541-543-7287
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short sale expert: Short Sales Explained in short - 03/21/08 04:11 AM
Most people assume that a short sale means a bank is in trouble and needs to sell fast. The fact of the matter is the banks have very deep pockets but are are willing to cut their losses in some situations. A common way for them to do this is actually forgiving a portion of the loan to sell a property at it's current market value if indeed the value is less than what is owed. In short the bank is willing to sell the home for less than what is owed. This is a not an easy task. Banks do … (2 comments)