Tag Archives: bailout

Tax on Short Sale, Loan Modification and Foreclosure – Recourse vs Non-Recourse Mortgages

http://realestatemarketingthisweek.com/taxes/arizona-is-not-a-recourse-state-so-chances-are-you-will-not-owe-1099-c-income/ – Arizona is not a recourse state, so chances are you will not owe 1099 C Income – Part 6 – In Arizona, typically its not a recourse state, so if they are telling you that theyre going to garnish your wages because you didnt pay back your entire mortgage, there is a local [...]

Stop Foreclosure Fraud – Beware the Real Estate Foreclosure Sharks – RealEstateMarketingThisWeek.com

http://realestatemarketingthisweek.com/foreclosure/the-pitfalls-for-trusting-your-bank-one-more-time-beware-the-foreclosure-sharks/ – The pitfalls for trusting your bank one more time; Beware The Foreclosure Sharks – Part 4 – This whole loan modification thing reminds me a lot of the old Peanuts comics where every fall Lucy would get out with the football and she would set it down on the ground, and she would [...]

Bank Foreclosure – Forbearance Agreements won’t Stop Foreclosure – RealEstateMarketingThisWeek.com

http://realestatemarketingthisweek.com/foreclosure/foreclosure-rates-on-forbearance-agreements-done-with-banks-reaches-58/ – Foreclosure rates on Forbearance Agreements done with banks reaches 58% – Part 3 – In studio with us today on this fine New years eve is Dan Havey, the co founder of the modification hotline as well as the author of The Foreclosure Sharks a great white paper he put together. He is [...]

Foreclosure – Pitfalls of Lender Rescission to Stop Foreclosure – RealEstateMarketingThisWeek.com

http://realestatemarketingthisweek.com/foreclosure/the-pitfall-of-forcing-your-bank-to-rescind-your-loan-for-lending-violations-when-in-foreclosure/ – The pitfall of forcing your bank to rescind your loan for lending violations when in foreclosure – Part 8 – I have a question on that, it is my understanding and I could be wrong, but they don’t need a copy of the note, they need the original note. You are correct. Your [...]

Loan Modification – Making Home Affordable Loan Mod Guidelines – RealEstateMarketingThisWeek.com

http://realestatemarketingthisweek.com/loan-modification/fannie-mae-is-proposing-to-give-you-a-50-year-loan-modification-with-an-adjustable-rate/ – Fannie Mae is proposing to give you a 50 year loan modification with an adjustable rate – Part 6 – The next one is that your loan to value on your house has to be at least 90% of the property value. So in other words everyone under 90% gets foreclosed on? Right, [...]

Home Loan Modification – Attorney Negotiated Loan Mod Process – RealEstateMarketingThisWeek.com

http://realestatemarketingthisweek.com/loan-modification/attorney-negotiated-loan-modification-process-going-thru-the-legal-door/ – Attorney negotiated loan modification process. Going thru the Legal Door – Part 7 – We have Dan Havey with us talking about loan modifications. This segment we want to talk about the specifics of the actual mechanics of, how does it actually work for the homeowner? Let me just start it off and [...]

Taxes on Short Sale, Loan Modification and Foreclosure – 1099c Cancellation of Debt Income

http://realestatemarketingthisweek.com/taxes/1099-c-is-for-cancellation-of-debt-income-only-not-for-interest-rate-and-payment-reduction/ – 1099 C is for Cancellation of Debt Income Only, not for Interest Rate and Payment Reduction – Part 4 – So for people who find themselves in a very difficult situation considering these options whether it’s a loan modification or a short sale, whatever they need to do to relieve themselves of this [...]

Mortgage Modification – Use an Attorney to Negotiate a Loan Mod – RealEstateMarketingThisWeek.com

http://realestatemarketingthisweek.com/loan-modification/why-you-should-use-a-licensed-attorney-to-negotiate-your-loan-modification/ – Why you should use a licensed attorney to negotiate your loan modification – Part 1 – Dan Havey thanks for taking the time to be with us tonight. Thank you Michael for having me and you are absolutely right 2008 for many people was a very tough year. Tough year for pretty much [...]

Tax on Short Sale, Loan Modification and Foreclosure – 1099c Cancellation of Debt Income

http://realestatemarketingthisweek.com/taxes/if-facing-financial-issues-make-sure-you-hire-qualified-help-mortgage-broker-financial-planner-cpa-and-attorney/ – If facing financial issues make sure you hire qualified help, mortgage broker, financial planner, CPA and attorney – Part 8 – So with the real estate market, we know here in Arizona, there are literally hundreds of thousands, maybe millions of people that are confronted with a very difficult decision, declining home values, [...]

Mortgage Short Sale – Realtor Negotiates for Bank Approval – RealEstateMarketingThisweek.com

http://realestatemarketingthisweek.com/short-sales/in-a-short-sale-make-sure-you-hire-an-expert-negotiator-who-is-a-full-time-real-estate-agent/ – In a Short Sale make sure you hire an expert negotiator who is a full time real estate agent – Part 5 – If you’re in trouble and you think you want or need to do a loan modification, we work with a national network of attorneys that are here to help your [...]