A client the other day asked "how about a deal on foreclosures?". The quantity of foreclosures, or distress sales in the system are at historic lows. Back during the recession 10 years ago, foreclosures and short sales were a combined 70% of the real estate sales transactions. Now they're only a ... » Learn More about Very Few Foreclosures in the System
short sales
Good and Bad News for Short Sales and Loan Modifications
The appropriations bill, which is a $600 billion bipartisan spending bill signed off by the President last week includes a provision allowing homeowners to exclude forgiven mortgage debt (the remaining mortgage loan balance when a borrower’s principal residence is sold in a “short sale” to avoid ... » Learn More about Good and Bad News for Short Sales and Loan Modifications