Latest legal Q&A on Taxation of Foreclosures and Short Sales

Latest legal Q&A on Taxation of Foreclosures and Short Sales
Latest legal Q&A on Taxation of Foreclosures and Short Sales 21. May 2008 by Michael Marroquin. Taxation of Foreclosures, Deeds in Lieu of Foreclosure, and Short Sales IntroductionIt has been some time since the real estate industry, on a large scale basis, has had to deal with foreclosures, deeds in lieu of foreclosure, short sales and other distress sales of real property. Unfortunately, distress sales of real property, resulting from a convergence of tightening credit, falling proper
Source: blog.myequityinmotion.com

Buying Foreclosure? Learn How it Works First.
Buying a home that is in foreclosure is much different than buying one that is for sale by an individual or a property owned by bank. A foreclosure is a process that allows the lender to repossess the home and later sale it to resolve a default on a property. Why is Georgia Allowed to do a foreclose? The lender may take it back in form of Foreclosure, because the bank actually owns the property until the debt is paid in full and allows the Buyer to stay in the, use the, and occupy the home.
Source: peddlerrealty.wordpress.com

Tags: foreclosure, home equity loan