Nice Tips!I don't know about you, but I don't read the door drop fliers that land on my front door step. Not unless I need a gardener or a new service of some kind. But would I use it to find a Realtor? No! So I've always seen them as a necessary evil for the neighborhood farm, and rarely done th
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06/28/2010
Utah is a Non-recourse and One Action State - Good news for short sale Sellers I’ve done some more research on the internet and I came across this website that leads me to believe that there’s nothing A Second Mortgage Holder can do to you beyond the short-sale. However consult a good forecl
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06/22/2010
I have a client we are doing a short sale. The Approval from B of A has in. The Second with Wells Fargo is rather large ... over 180K, the approval came in with them as well. It appears that the reduced payoff of $10k was a token gesture. Via the Liquidation Department I sent an email to a diff
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06/21/2010
If you owe a debt to someone else and they cancel or forgive that debt, the canceled amount may be taxable.The Mortgage Debt Relief Act of 2007 generally allows taxpayers to exclude income from the discharge of debt on their principal residence. Debt reduced through mortgage restructuring, as wel
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06/21/2010
Utah Foreclosure Activity Rises in April According To RealtyTrac® Statewide foreclosure filings up 1 percent from March Monthly foreclosure activity in Utah rose in April, up 1 percent from the previous month to 4,266 properties with foreclosure filings. This latest state total also represent
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06/18/2010
Short Sale Scams to Watch For •There is a place for short sales. •Short sales always lead to a transfer of title. •Short sales require an agreement between buyer and seller. •Lenders want property exposed to market. •Short sales generally need the involvement of a real estate licensee. WHEN GOO
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06/17/2010
A study this week by the Joint Center For Housing Studies at Harvard University found very low mortgage interest rates and recovering labor markets should be enough to shore up home sales and housing starts, even with the expiration of the federal home buyer tax credit. "If history is a guide, w
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06/15/2010
News to me Living Rent Free After a Foreclosure In a sign of the times, more and more Americans are living in their homes post-foreclosure. An article in RSI media detials the growing phenomenon and attibutes the situation to the volume of foreclosures that have washed over the banks and the fact
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06/15/2010
So Well Said!We are so blessed to live in America. With all that is going on around us...Oil Spill, Tough Real Estate Market, Election Year :) etc... We must reflect on what is truely meaningful and important to us! Remember why we are free and what this Country stands for! Below is something I f
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06/14/2010
Today is Flag Day. On this date in 1777 - 233 years ago - the Second Continental Congress in Philadelphia adopted the stars and stripes as the flag of the United States. Flag Day is not a federal holiday. But commemorations of the day date back to 1916, when President Woodrow Wilson issued a pro
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06/14/2010
