The Mortgage Forgiveness Debt Relief Act of 2007 is set to expire at the end of the year. The act allows taxpayers to be excluded from paying taxes on forgiven debt in certain situations. As their website explains: “The Mortgage Debt Relief Act of … [Read more...]
Educate and Care: Real Estate Professionalism Defined
For Agents’ Eyes Only… Each Thursday we will be posting a blog to help real estate professionals understand how they can better assist their buyers and sellers navigate the current real estate market. Hope you find the information helpful. – The KCM … [Read more...]
Shadow Inventory Down…in Most States
CoreLogic, in their most recent foreclosure report, revealed that approximately 1.3 million homes, or 3.2 percent of all homes with a mortgage, were in the national foreclosure inventory as of August 2012 compared to 1.4 million, or 3.4 percent, in … [Read more...]
The Mortgage Forgiveness Act: Will It Be Extended?
As the year winds down, we are getting more and more inquiries about the Mortgage Forgiveness Debt Relief Act of 2007 and whether or not it will be extended past its original expiration date of December 31, 2012. This is important as people who are … [Read more...]
Not Your Father’s Short Sale
This week, we have been introducing what we believe will be five mid-to-long-term opportunities in real estate over the next few years. Today is #5 – The NEW Short Sale Opportunity – The KCM Crew Talking about short sales as a ‘new’ opportunity seems … [Read more...]
