More Foreclosure To Hit Depressed Market Housing analyst Larry Murphy of Las Vegas based SalesTraq said he’s talking to people in the industry who believe Las Vegas has yet to see the crest of the foreclosure wave. Hundreds if not thousands of Las Vegas homeowners haven’t made a mortgage payment in more than a year [...]

So far, under the Obama plan less than 32,000 home owners out of the 700,000 that went through the three month trail period have actually achieved a loan modification. All these people had to be late on payments in order to apply for the program s

Insolvency and Avoiding Tax on an Investment Property If you can prove insolvency at the point immediately before the short sale of your investment property you will have NO tax to pay. Insolvency is when your total debts exceed your total ass

Many have described the 2009 housing market as the “year of the bank” with institutions needing to approve short sales and foreclosures on the homes they owned. In some markets this was a significant part of the available inventory. For example, f

Is the Obama Making Homes Affordable Plan a Disaster? Critics of the Obama administration’s $75 billion program to protect homeowners from foreclosure increasingly argue that the program, Making Home Affordable, has raised false hopes among p