Central Oregon Log Home Info Central Oregon has a lot of great log homes for sale. Log homes are thought to be priced higher than a standard frame built home. There are log homes in many price ranges. They are more expensive to build, and take a lot of time, precision, labor and attention to […]
Many of the seller’s of Central Oregon short sales are finding that banks are starting to work with them prior to having an offer on the table. Some of the banks are willing to start looking at pricing prior to having an offer. Especially when the market does not support the loan amount. Sometimes a […]
Any Real Estate Professional will tell you one of the biggest nightmares in their career is early occupancy. Some buyers or sellers may ask what early occupancy is, it is when the buyer moves into the home prior to the close of escrow. It makes the seller a landlord at the end of the day […]
Tough times have hit every age group in America, many of the seniors who have worked for years to pay off their homes are facing the same doom and gloom as many younger folks that purchased at the height of the market. Families are moving in with each other often to try and make ends […]
Every single short sale, foreclosure or stressed out homeowner is a different story, with different endings but they all have a lot of similarities. Before making the decision to sell your home for less than you owe the bank (that is what a short sale is) you really need to gather some information from; attorneys, tax professionals, lenders and REALTORS®. There are a lot of consequences that come with a short sale or foreclosure, many of them you would not even dream about.
More and more short sales are closing successfully as of late. My personal opinion is that the banks have finally found ways to at least attempt to process the volume they are seeing and that sellers and real estate professionals are educating themselves on what works and what does not. A short sale is a […]
If you are living in the home at the time the Notice of Default is issued you may have some protection when it comes to deficiency, second mortgages and so on. However, one of the issues some people forget to ask about is the 1099C that is issued. The guidelines on the tax relief are totally different, so be certain you talk to your attorney about each of these issues, since they can impact you differently.
I have never used someone else’s work on my websites before. Today I ran across this great article about short sales and how frustrating it is to a buyer and agent when the listing agent does not knowwhat they are doing. After speaking withDebe, she gave me permission to use her article on this site. […]
Today we visit a home that needs a new owner! This is a super clean and ready to be lived in home. Located on the corner of Kokanee and Pine Drop this corner lot gives you the feel of more than an acre of land. With a covered front porch, a great back deck, fully […]
When you sell your home as a short sale or you go through a foreclosure a 1099C will be issued. As we know a 1099 is issued to show that money was received and generally there are taxes owed on these funds. However in 2007 The Mortgage Debt Relief Act was passed, originally it was […]