Homeowners Participating in Short Sales Beware: The Tax Man Cometh
Tax Credit
John Evan Miller / February 6th, 2012
Did you know that debt forgiven during a short sale or debt-forgiveness program is subject to tax (since the IRS considers the amount of the forgiven debt as income)? Most people dont … More »
Cash-Out Refinancing Still Not Popular with Homeowners Today, Says Freddie Mac
Freddie Mac Foreclosures
John Evan Miller / February 3rd, 2012
Today, Freddie Mac, one of the two largest owners of mortgages in the United States (along with sister company Fannie Mae), reported that homeowners who opted to take cash out when … More »
Investing in Foreclosure Soars as Government-Led Rental Program Nears
Cheap Houses
John Evan Miller / February 1st, 2012
Investors have been heavily interested in buying foreclosure properties in stricken real estate markets across the country since the foreclosure crisis began in 2007, but lately investing … More »
Home Affordable Modification Program to be Continued Through 2013, Expanded
Cheap Houses
John Evan Miller / January 30th, 2012
Victims of the foreclosure crisis and underwater homeowners alike will be pleased to know that the federal government is extending the mandate for the Home Affordable Modification Program … More »
Hard-Hit Foreclosure Victims Look to Republican Candidates for Answers
Foreclosure Crisis
John Evan Miller / January 27th, 2012
As the 2012 Republican primary season rolls on, with the next primary in Florida on Tuesday, January 31, foreclosure victims, underwater homeowners, and owners of distressed properties in … More »
Will Homeowners Benefit from the $25 Billion Foreclosure Settlement?
Foreclosure Crisis
James Foxx / January 25th, 2012
People who say that the proposed $25 billion foreclosure settlement between states and five major lenders is near are perilously close to the boy who cried wolf, but this time a resolution … More »
2012 Delivers More Good News for the Housing Market
Foreclosures
John Evan Miller / January 23rd, 2012
This week, reports released indicated that existing housing sales figures in the U.S. finished December with a strong 5% increase, putting the statistic in the black for the year and … More »
Are We Close to Foreclosure Fraud Settlement Deal? Washington Insiders Say Yes
Foreclosure Crisis
John Evan Miller / January 20th, 2012
Now, well over a year later, and after several false alarms of a settlement between a coalition of state attorneys-general and the five major lenders at the heart of the case (JPMorgan … More »
Hot Trends to Track in Real Estate for 1Q 2012
Foreclosures
John Evan Miller / January 18th, 2012
As the first quarter of the new year gets into full gear, the real estate market finds itself trying to still solve the foreclosure crisis and recover from nearly five years of falling … More »
Over 800,000 REO Homes in 2011
REO Homes
James Foxx / January 16th, 2012
It is that time of the year when reports are coming out that discuss everything from the number of homes sold in 2011 to foreclosure filings. All eyes are on these reports to see if real … More »
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