Well, I have been calling for this for over a year. Maybe, just maybe, help is on the way. NEW YORK (CNNMoney.com) — Bank of America announced Wednesday that it will first look at reducing the loan balances of certain distressed homeowners with subprime or adjustable rate mortgages to make their payments more affordable. The [...]

It seems everyone is claiming to be a “Short Sale Expert”. Many REALTORs, Agencies and Lawyers have started adding a tag-line to that effect to their marketing. We are in a time where many people are desperate financially and as is always the case, there are those out there who are eager to take advantage [...]

It is said there are 7 deadly sins, I say there are 7 deadly myths being circulated about short sales. 1) Short Sales are impossible and never get approved. FALSE TRUTH: Short Sales are difficult and you need to learn a new process, but they are NOT impossible. While there are no guarantees in any [...]

Current homeowners who sign a contract to buy a home on or before April 30 get a dollar-for-dollar reduction on their taxes of 10% of the purchase price of the home, up to a maximum of $6,500 (first-time buyers can get up to $8,000). But according to the National Association of Realtors, buyers spend about [...]