Homeowners in Foreclosure Should Hire an Attorney February 4, 2008
When I teach the Short Sale class, I say many times during the class that homeowners selling short and homeowners in default should always be directed more than one time to seek legal counsel. Sometimes homeowners in financial distress don’t hear you the first time. Just handing them the agency pamphlet isn’t enough. [...]
An Early Holiday Present December 22, 2007
Yesterday, The Mortgage Foregiveness Act of 2007 was passed effectively getting rid of the question, “will I be taxed on a short sale?”
Prior to this action, the forgiven mortgage debt due to foreclosure, short sale, or deed in lieu of foreclosure was potentially taxable to the borrower. As agents we always have had to warn our clients [...]
Should You Buy a Short Sale Property? December 13, 2007
The current market is making me feel older than dirt. Mostly because there are fewer and fewer agents around who have sold real estate in a previous bad market. I find myself explaining what is going to happen next, to many who have never been through a short sale from beginning to end. Even if [...]
From ‘A&E’s Flip This House’ to You! September 29, 2007
Have you been watching the current real estate market and wondering how to find the pot of gold in it? Fix and Flip guru Than Merrill from A&E’s Flip this House will show you how right here in Seattle on October 11. Than, like many other saavy investors, is building his business taking advantage of sellers in trouble. [...]
Short sales and foreclosures in the MLS September 7, 2007
Over at the Estately Blog (formerly the ShackBlog) we did a little digging into how easy it is to find publicly advertised Short sales and foreclosures in the MLS and we found a few.
“Short Sale” - 18 homes and condos for sale in the greater Seattle area
“Motivated Seller” - 125 homes for sale [...]
Inman Wiki February 14, 2007
I’ve been following Inman wiki since its launch. So far it seems to be a combination of user-generated great articles, random blog posts, and blatant sales pleas. For example, searching the word “ethics” brings up an unhelpful keyword bullet point list by an author with five credentials after her name and a link to her [...]
