Case Shiller Housing Report paints Gloomy Picture of Falling Home Prices

Case Shiller Home Price Index is a leading information source for what is going on in the housing market.  The January report shows that sales prices across the nation continue to decline. While the low interest rates and low prices are  bringing many buyers to the market in search of bargain prices there appears to […]

Loan Modification

Today the term “loan modification” is highly searched on the internet. For good reason.  As we all know the rate of foreclosures is at an all time high and getting worse.  Homeowners who are not able to make their house payments on time are trying to figure out what their options are so they don’t […]

Lenders are slashing prices on Short Sales

The word is out that lenders are slashing prices on short sales across the country. What does this mean for you?  Well, a couple things.  First of all if you are a homebuyer you can pick up especially good deals and be able to low ball offers on short sales (within reason) and have a […]

Do I Have To Pay Taxes on a Real Estate Short Sale

Do I Have to Pay Taxes on a Real Estate Short Sale? This is a much asked question in the real estate industry. Due to the tremendous record number of short sales in the US thousands of homeowners want to know if they have to pay taxes on a short sale. This information about taxation […]

What is a Short Sale?

What is a Short Sale? By now most people who own real estate have heard the term “short sale” but they may not understand what it means. A real short definition of the term short sale is the home sells for less than the combined mortgages on the property. This is accomplished thru negotiations with […]