Short Sales – Income Tax Effect

July 5, 2009

Sellers of short sales often are not aware of the income tax effects of the short sale transaction and surprised to receive a form 1099-c.
Below is information for sellers of potential short sale transactions.
A short sale in real estate occurs when the outstanding loan against a property exceeds the market value of the property and [...]

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Home Valuation Changes

April 8, 2009

Home Valuation Code of Conduct Changes Effective May 1, 2009
The Federal Housing Financing Agency’s Home Valuation Code of Conduct (Code, or HVCC) will be effective on May 1, 2009, and will require that the lender order the appraisal. The intent of the Code is to help ensure that borrowers, homebuyers and secondary mortgage market investors [...]

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Foreclosures Sales Price to List Price in Naples

March 11, 2009

A frequent question asked in today’s real estate market is “How much will a lender or bank discount the list price of a foreclosed single family home which they own in the Naples area?”
One individual stated that banks are selling these properties with a discount of 25% from the list price or 75% of the [...]

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A Friend in Need – Helping Other People

June 25, 2008

Yesterday, I was informed of a very close and dear friend, Charles Richey, had been hospitalized with Guillain-Barre Syndrome. This particular disease afflicts the nervous system and the inflicted individual looses the use of all their limbs and ability to swallow.
Charles has helped me with my website on many occasions and has always been there [...]

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Short Sales Success

April 19, 2008

In an earlier post, there was a discussion of about the frustrations being experienced by both real estate agents and homebuyers with short sales. There are very clear reasons why frustrations are arising in this type of real estate transaction beyond the mortgage lenders rejection of the offer and the time it takes to get [...]

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Naples Real Estate News 03/18/08

March 20, 2008

REAL ESTATE TAXES – Under a plan approved by the Florida Taxation and Budget Reform Commission Monday, voters will have a chance in November to approve an across-the-board property tax cut averaging 25 percent. The measure also includes a provision giving businesses, second homes and other properties that do not qualify for a homestead exemption [...]

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Short Sales The MAGIC Pill – Are They?

February 23, 2008

There many real estate agent professionals touting the short sale as the MAGIC pill for property owners as a cure all for any situation from loans based upon dishonest income information (stated income loans – “liar loans”) to real estate investors that are not realizing the profits they anticipated.

People are always looking for the [...]

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Blog Makes Top 100 Real Estate Blogs

February 21, 2008

Today, I was very surprised to find this blog to ranked in the Top 100 Real Estate Blogs as per Top 100 Real Estate Blogs.
The ranking is determined by Google Page Rank, Technorati Rank, and Alexa rankings.
The blog is entitled Naples Real Estate News and Market Updates and does cover the communities of Bonita Springs [...]

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What Do These Statistics Truly Mean?

November 5, 2007

Frequently, we hear or read about real estate statistics in the news media.  What do these statistics truly mean?
The first premise of understanding the meaning of real estate statistics is that real estate is local.  Local can be a town or city or possibly even a county.  Each town, city or county’s real estate can [...]

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Naples Florida Real Estate News – 10/24/07

October 24, 2007

HOME SALES – Mirroring the national trend, turmoil in the mortgage market impacted Florida’s housing sector in September, despite continued low unemployment rates and other positive economic activity. Statewide sales of existing single-family homes totaled 8,688 last month, a decrease of 38 percent compared to September 2006 activity, according to Florida Association of REALTORS. The [...]

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