Steve Holderfield's Real Estate Blog

They have said that 2012 will be called the year of the short sale. Here’s more evidence: http://realtormag.realtor.org/daily-news/2012/03/01/short-sales-rise-more-banks-view-it-better-option I’m closing 2 short sales

right now. One of them the bank is allowing the seller to receive $25,000!  If you know somebody who is in distress with their property and would like to learn what options they have, please send me their name and contact info to steve@realtyworldpcp.com or direct them to www.morethanashortsale. To learn more about associating with our fine company go to:

info. http://careersrwpcp.com/

Related articles

• Short Sale Incentives in the News Again (agbeat.com)
• Short Sales Will Explode in 2012 (steveholderfield.com)
• DSnews.com: Short Sales Bring 24% Greater Returns than Foreclosures (foreclosure-avoidance.com)

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Did you know that if you are upside down on your home and process a short sale, that the amount that the bank forgives is scheduled to become taxable in 2013?  That means that, for example, if the bank forgives say, $100,000 in order for you to sell you home, that $100,000 would be taxed at your tax rate.  For a person in the 25% tax bracket that means they would owe $25,000 to Uncle Sam.  If you are having trouble making your payments, I can think of no better reason to do a short sale in 2012.  Contact us today.  You do have options!

This is really good news… a private company backing the purchase of residential mortgages packaged as an investment. This “secondary market” due to the collpase of the housing market has all but dried up. This missing element to our market is one of the reasons that we all have been fearing an increase in interest rates which would be devastating to an already weak market. If there is no vehicle for banks to sell the loans they make, there is no source to re-capture the capital needed to make additional loans. Unless there is an active secondary market, the only ultimate solution for banks to sell their loans would be to enhance the desirebility of these investments through increasing the yeild through higher interest rates… not a great solution for consumers. Read on here: http://www.dsnews.com/articles/redwood-trust-readies-first-private-label-rmbs-deal-in-two-years-2010-04-22

The banks are back in the business of foreclosure, Remember last year that many banks had voluntarily instituted moratoriums on foreclosing on homeowners. Well this moritoriums have now pretty much expired and we have a surge in foreclsoure activity. Read more: http://www.dsnews.com/articles/california-foreclosure-sales-soar-in-march-2010-04-19.

So what do you do if you feeling that distress is approaching and you are worried that you can’t continue making your mortgage payment? To make matter worse, you may have discovered that you owe more on your home tham its worth in today’s market. Well you do have options. Consider having us negotiate a short sale with your lender. To find out more go to www.morethanashortsale.info. We have successfully negoatiated short sales with most major lenders and can help you. Remember, you do have options and the quicker you act the better the outcome will be. Contact us today if you need help.