Tag Archives: deed-in-lieu

What Are ‘Boomerang Buyers’?

boomerang buyers,mortgages,financial crisis

Many homeowners negatively impacted by the financial crisis may now, all these years later, finally be in a position to qualify for a mortgage again! These 700,000 potential 2015 reentrants into the mortgage and housing markets are known by the name ‘Boomerang Buyers’. Boomerang buyers were impacted by the financial crisis in one of these three ways: They were […]

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 […]