Team Thayer Real Estate Blog

I found this artical and had to comment! This is important information to all of the bargain hunters out there! Justin Online Foreclosure Sites Come With a Price Buyers interested in foreclosures need a real estate professional''''s help navigating the online listings unless they are willing to p...

Seller Paid Taxes on short sales explained. Prior to December 2007, if a homeowner lost his house due to a bank foreclosure, and the bank forgave any difference between the price it was sold for and what was owed, the homeowner would owe additional income tax on that portion. Yes, it's hard to be...