Category Archives: short sale

Short sale activity slides due to the cost of uncertainty! (Chart)

title insurance, New York,New York City,Long Island,Michael Haltman

Follow @Hallmark Abstract Service What happens if the debt forgiveness in a short sale becomes ordinary income? If the difference between the short sale price and the amount that is owed on the mortgage ever  became ordinary income for the already strapped homeowner, short sale activity will grind to a halt. This is a scenario that could potentially […]

Potential Remedies To Foreclosure

There are few developments more devastating than the prospect of losing your home. The fact of the matter is that under certain circumstances foreclosure can potentially be averted, and the home retained. The list below offers some of those options that can be explored. As in any financial decision, an advisor that you can trust […]