Top Selling Strategies for Foreclosures and Short Sales
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805 W. South Mountain Ave
Phoenix, AZ 85041
10 acres
zoned FarmAg
was orchard surrounding home
1930 adobe historic zoned
2770 sq ft
basement
spiral stairs up to roof
back patio deep in cover with sundial point off end pointing to mountains
foreclosed
bank auction on line now
starting bid 159,000
bid on line
988,000 property
unique architecture in and out
Duration : 0:4:50
We are waiting to here about our deed and lieu approval. We know that with deed in lieu we are not obligated to pay the bank back the differance when they sell the house. But if we were forced to do a forclosure would we be obligated to pay the differance once the bank auctioned or sold the house. If anyone knows something about this we would really appreciate it . Thanks
If the bank agrees to a short sale, then no, you will not be liable for the difference. I think that the IRS has temporary measures in place for 2008-2009 as well that forgives the difference. In the past, the amount of money forgiven by the bank was considered by the IRS as taxable income, but not this year or next year.
You will want to get a written notice from the bank that clearly states that you will not owe the balance of the loan once the house is sold, if that is what the bank agrees on. And keep that written notice at hand, on file, for the rest of your life. If the bank forecloses and sells the house at a loss, it will be a toss-up. Call the mortgage officer and discuss the situation with them and get them to write you a letter clearly stating what will be expected of you if the house is foreclosed on before you sell the house.
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http://www.asktheauctionguy.com/ - Part of my frequently asked questions about eBay series - in this video I cover the pros and cons of offering international shipping when selling on eBay
Duration : 3 min 35 sec
1488 Serene in Oceanside - opening bid is $199,000! November 1, 2008 at the SD Convention Center
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I lost my home in forclosure and the bank bought it bk for $100. Now how will I now what happens now. They tell us nothing and we are wondering what happens when the see it at auction. What will we own–How will they get there money?
well first off most banks will try to get someone to buy it and pick up your mortgage at a new rate and just pay off what you owed so they dont loose money. If they can do that then they will auction it, and only realtor or people who subscribe to certain sites will know. The bank will try to have your mortgage picked up for atleast 6mo. to 12mo before aution so you got time.
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Southwestern Virginia Second Harvest Food Bank received donation of 2 truckloads of food and more than $2,000 from Dominion Dodge in Salem, Virginia. The donation will provide more than 7,000 meals for those in need here in the area.
Duration : 1 min 30 sec
http://lowestbidwinner.info - Get game consoles and other awesome items at 10% retail
Duration : 2 min 45 sec
Ruben Austria and Keith Carberry discuss foreclosures and this time have a conversation about a blogger. Basically, we blog the blogger.
Duration : 3 min 1 sec
