Short Sale Tips
Can You Sell a House in Foreclosure in Washington State? How to Avoid the Auction
Falling behind on payments does not mean the home is gone. In Washington State you keep title until the trustee’s sale is completed, which leaves real room to act. See how a standard sale, a short sale, and direct negotiation with your lender each work, and how the foreclosure timeline decides which option still fits.
Read MoreReal Estate Transactions: Key to Unlocking Seamless Deals
In the intricate world of real estate transactions, every document and contract carries significant weight. Whether you’re a seasoned investor or a first-time buyer, navigating the legal landscape can be daunting. That’s where the experience of a real estate attorney comes into play, illuminating the path to smooth and successful property acquisitions. Let’s investigate the…
Read MoreFavorite Tax Provision Expired: Avoiding Taxes on Cancelled Mortgage Debt
If your debt to someone else has been canceled or forgiven, the canceled amount may be taxable. Generally, to the extent that a loan from a lender is not fully satisfied and a lender cancels the unsatisfied debt, you have cancellation of indebtedness income. The Mortgage Debt Relief Act of 2007 generally allows to exclude…
Read More6 Reasons Short Sales Fail
A short sale occurs when a lien holder or mortgage company agrees to accept less than what is owed on a home in order for the home to sell. Lenders are not in the business of accepting less than they are owed, and their business model is not set up to efficiently work that way.…
Read MoreWhat Are the Risks of a Short Sale?
Short selling property has many benefits, but is not for everyone and there are many pitfalls that you may not be aware of. The benefits of a short sale if properly negotiated is release from personal liability and liability from the real property, eliminate future home owners assessments, fines from the city or state, release…
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