While cash sales are still an extremely important segment of the transactional real estate market, the percentage has been declining! Since the financial crisis the stories of investors swooping in to purchase properties for cash along with foreign buyers from countries such as China and Russia have been common. Add to that mix the fact that tighter […]
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 […]
Follow @Hallmark Abstract Service Note: If you are a Realtor, recent buyer of real estate or a prospective buyer, please feel free to leave your thoughts and recommendations in the Comments section of the article along with your contact information and a link to your website if you so desire. Back in February Hallmark Abstract […]
Follow @Hallmark Abstract Service A Zombie Foreclosure is simply a house currently in the foreclosure process that sits vacant having been abandoned by the owner and not yet taken back by the lender! Most of us have driven by homes we suspect are long-abandoned, are being foreclosed, that typically will be neglected, have very possibly […]
