Let’s Talk Money: Stubbornly high inflation is eroding our savings so what can one do in such a scenario? Experts say the best move is to have a good combination of gold, stocks, and real estate.
Duration : 0:3:47
June 22 (Bloomberg) — David Winters, chief executive officer of Wintergreen Advisors LLC, talks about the outlook for the U.S economy and investment strategy in U.S. and global financial markets.
Winters speaks with Lisa Murphy and Matt Miller on Bloomberg Television’s “Street Smart.” (Source: Bloomberg)
Duration : 0:6:15
Recorded on June 22, 2011 Maui Hawaii Foreclosure Postponements 6/22/2011 AOAO Foreclosures
Duration : 0:1:30
Tamara Vesna spoke to Jeff Firnstahl re CDPE the Certified Distressed Property Expert . See video; How to avoid the Foreclosure?….
also visit TVcondo on youtube for more video real Estate info…
or just call TV 1-866-482-6272 (866 4TAMARA)
Duration : 0:9:43
http://www.squidoo.com/shortsaleaid
How To Do a Short Sale
Why Would a Lender Accept a Short Sale?
A short sale in real estate is not always a pleasant transaction.
There are many ways to lose a home but signing away ownership in a manner that destroys credit, embarrasses the family and strips an owner of dignity is one of the hardest. For owners who can no longer afford to keep mortgage payments current, there are alternatives to bankruptcy or foreclosure proceedings. One of those options is called a “short sale.”
More than half of my sales in Sacramento over the past few years are short sales. That’s how prominent short sales have become.
When lenders agree to do a short sale in real estate, it means the lender is accepting less than the total amount due. Not all lenders will accept Short Sales or discounted payoffs, especially if it would make more financial sense to foreclose; moreover, not all sellers nor all properties qualify for short sales.
If you are considering buying a short sale, there could be drawbacks. For your protection, I suggest that all borrowers:
* Obtain legal advice from a competent real estate lawyer
* Call an accountant to discuss short sale tax ramifications
As a real estate agent, I am not licensed as a lawyer nor a CPA and cannot advise on those consequences. Except for certain conditions pursuant to the Mortgage Forgiveness Debt Relief Act of 2007, be aware the I.R.S. could consider debt forgiveness as income, and there is no guarantee that a lender who accepts a short sale will not legally pursue a borrower for the difference between the amount owed and the amount paid. In some states, this amount is known as a deficiency. A lawyer can determine whether your loan qualifies for a deficiency judgment or claim.
By Elizabeth Weintraub, About.com
Duration : 0:7:44
