Medford, MA Homes for Sale – Deb on the Web » foreclosures

Free Sellers’ Seminar

DebOnTheWeb — Mon, 14 Apr 2008 16:49:40 +0000

With all of the changes in the market, it can be hard to decide whether or not it’s best for you to sell now. Join me at a free educational seminar where we’ll look at what it takes to sell in today’s market.

When: Wednesday, May 7th from 7 – 9 PM
Where: Medford Fire Station 5
Zero Medford Street (at the intersection of Medford Street and Main Street)

Learn What To Expect In This Market When Selling Your
* SINGLE FAMILY HOME* MULTI-FAMILY * CONDO* INVESTMENT PROPERTY

John Masciarelli, A local real estate attorney and I will discuss:

Foreclosures and Short Sales

How Do We Determine Value?

Can I Sell My Property Without Paying Capital Gains Taxes?

How Do We Prepare Our Home For Sale?

How Do We Sell Our Investment Property With Tenants?

For those who pre-register: we will review the most recent sales in your area and discuss how these sales impact your property selling plans. Sign up by May 5th by calling (781) 446-9720 or email me. Please include your property address if you’d like to be included in the area price round up.

Podcast – Foreclosures & Short Sales

DebOnTheWeb — Tue, 04 Mar 2008 00:40:42 +0000

This 1/2 hour podcast talks about Foreclosures and Short Sales

Options to Foreclosure

What is a Short Sale

How Foreclosures and Short Sales Affect The Market

Buying a Foreclosure or Short Sale

You can listen below or click to download the MP3 file: Foreclosures and Short Sales

Download audio file (foreclosures.mp3)

What Is a Short Sale?

DebOnTheWeb — Tue, 13 Nov 2007 19:48:23 +0000

With the current state of our real estate market, there are some unfortunate people who owe more on their house than it’s currently worth. If you are having trouble making your monthly mortgage payments and are thinking that loosing the house to foreclosure is your only option, there is another way. . . a Short Sale.

It is very expensive for a bank to foreclose on a property. For that reason, many banks are willing to allow you to sell your house for less than the mortgage, forgive the remaining debt (and pay your real estate agent’s fee) as long as you are able to show that you have a financial hardship and foreclosure is the bank’s only other option.

Although Congress is working on changing this, currently the IRS considers any money forgiven in a short sale situation as income and it’s taxable.

Short Sales take more work and time, but they can be a win/win situation – you get out of a bad financial situation and the bank lessens their losses.