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
Las Vegas Home Owners Take Bank or America to Court A group of homeowners on the brink of foreclosure has formed a class-action lawsuit against their lender Bank of America. That lawsuit — which represents 50 homeowners — accuses t
Obama Plan to give short sale home owner’s financial assistance For the next few months a $1,500 moving assistance payment (with guaranteed NO deficiency) will be available for people who do a short sale after a failed loan modification through
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
