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Home Buying in Schiller Park : Real Estate Advice

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  • Home Buying4
  • Home Selling1
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Activity 3
Wed Jul 9, 2014
Dan Tabit answered:
Lila,
If you do a search of BoA short sales, you're going to get a bunch of very frustrated and angry links. For a while, they improved and Equator was fairly efficient, but that seemed to go away.
A new BPO is a sign that someone is at least looking at it. They need to be reviewed and updated from time to time as the market changes. I'd love to tell you an answer is imminent, but I have no way of knowing that. It may be and it could be a while longer.
Ideally, a short sale has experienced agents at both ends, a skilled, knowledgeable negotiator working with the banks and cooperative sellers.
I wrote a blog called, The Anatomy of a Short Sale, to help explain all the working parts. I've attached a link for you below.
... more
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Thu Aug 16, 2012
Peter Mohylsky answered:
In florida, you can only homestead one property for a tax reduction. The IRS deduction would be for any interest paid on a loan. N/A if it is a cash sale. Again, the intent is impt. Do you intend at some point in time "gifting" the home to your daughter? will she be paying you rent? Who will maintain the property and pay the taxes and insurance? Things to consider. I have always thought that any home purchase was an investment. That makes me an investor. ... more
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Thu Aug 16, 2012
Peter Mohylsky answered:
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