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 [...]
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
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
Are The Banks Breaking The Law? Diana Olick of CNBC has exposed an alleged practice by banks to recoup second mortgages by demanding cash, off the HUD settlement statements, from either real estate agents or the buyers in short sales. Olick say
What You Need To Know About The HAFA Program The government has designed a new program called HAFA to be put into effect from April 5th 2010 apparently designed to help people avoid foreclosure. It’s perfectly irresistib
