Mortgage Debt Forgiveness Relief Act Of 2007 All Locations : Advice

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Realtor required us to complete escrow in less than a month, a lot of contradictions as to why... We had a lender & were pre approved for a loan, made an offer on a house in ... is the seller because he wants a tax break from the 2007 tax act that will expire Dec31. I work for a ...
0 votes Share Flag Thu Nov 19, 2015 Home Buying in 90012
How does a homeowner get approved for short sale? How is the listing price determined on a short sale? Please describe the short sale process from cradle to grave. Tax consequences (if any) of short sale? Wh ...
0 votes Share Flag Wed Jul 30, 2014 Agent2Agent in 92883
Am I required to pay tax on the difference of my short sale price and what I owe? I'm looking to do a short sale on my primary residence, for $70k less than ... required to pay tax on this difference in the state of california? ...
0 votes Share Flag Fri May 9, 2014 Home Selling in 94043
If you purchase a second home and then walk away from your first home (same lender for both homes), what are the penalties, including those penalties affecting the loan of the second home?
0 votes Share Flag Fri Apr 18, 2014 Foreclosure in Arizona
if i shortsale my home will i have to pay taxes on the difference if so how much? my home is not worth needs a lot of work and I can't afford to fix it. My home is 85,000 ...
0 votes Share Flag Tue Feb 4, 2014 Home Selling in Baldwin Park
Should I foreclose or short sale? Real estate lawyer recommended strategic foreclosure. Our 2bd/1ba 1,280sqft home ... an ARM mortgage through CitiMortgage, with a 2nd loan from Chase (60K). Can't refinance, don ...
0 votes Share Flag Thu Jan 2, 2014 Foreclosure in 94901
Can you buy a home with no money down and short sell your existing home that is so underwater? We are current on our home payments, however things will change after the intere ... our current one. This is not the first lending/mortgage company to say this. Any advice will be ...
0 votes Share Flag Sat Oct 12, 2013 Home Selling in 85029
what happens if you got a first and second mortgage and you foreclose on your first mortgage,what happens t ... if I decided to foreclose on my first mortgage , what will happen to my second mortgage that I have through a ...
0 votes Share Flag Wed Oct 2, 2013 Foreclosure in 60901
House is 40% underwater. We can afford payments, but PITI is 36% of net income. Would love advice on best e ... Hello, and thanks for any good advice! We bought our home for $515K and it curre ... improve it. We thought we'd have it for 5 years, turns out we bought at peak of bubble. We'll ...
0 votes Share Flag Sat Sep 7, 2013 Foreclosure in 90807
We recently sold our home in Marysville, WA and this was a short sale. Do we report the amount forgiven as "income" on our taxes? Our home was sold for over $100,000 less than our loan amount so if we have to include this amount as income on taxes we are in trouble!!
0 votes Share Flag Thu Aug 22, 2013 Home Selling in 98270
0 votes Share Flag Sun Aug 18, 2013 Home Buying in 30058
I want to walk away from my home. I have an underwater loan. I cannot work out a solution with my lender. Any suggestions? I utilized a free negotiation service but was unable to obtain a restructure. It's been 1 year and they sugguest I resubmit paperwork to them
My lender offered a HAMP (home afforda...
0 votes Share Flag Thu Aug 15, 2013 Foreclosure in Los Angeles
Cooperative Short Sale after Chapter 7 Discharge I surrendered my primary residence in a Chapter 7 bankruptcy that has been disch ... or Forms. But according to my BK lawyer, I am free of the mortgage debt, so why would there be a ...
0 votes Share Flag Sun Aug 4, 2013 Home Selling in 94566
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