New Tax Rules for Short Sales - Foreclosures

[revmortcompared]

She is one of the most annoying people on the planet, she can't even explain things presicely.

[energyfinance]

what a bullshit bunch of words she puts together here to explain a 'short sale'.

"you sell the house for less than what you owe and they simply dismiss the loan..."

Yo, people, the pretty lady has her head up her ass.

I hope she gets sued for providing this sort of wrong information.

[lagunabeachpch1]

Love the Short Sale Option Way to spell it out for all to see clearly.

Thank you Suze

[urbanecondetroit]

Take a look at the YouTube video-- Mortgage Tsunami Two: 2011-2013

An animated presentation of the ARM underwater default crisis that is currently brewing.

[urna55]

This has been extended through 2012. Search the IRS website for "The Mortgage Forgiveness Debt Relief Act and Debt Cancellation "

[powerstuffup]

* Hey I have a medicine for crisis economy No More forecloses, short sales, or modification. Let’s work together… Banks (Lenders) don’t lose your customers! Call them and make them an offer wave 50 to 60 thousand off from there original balance. Customers become motivated to keep there homes.  Home owners (customers) don’t loose your homes, call your bank ask for a 50 to 60 thousand wave in your original balance.

[powerstuffup]

* * * So don’t foreclosure, don’t shortsale, Save Your Home!

Lets unite and bug, bug, bug the banks (lenders) to help save your home!

Please help forward this maybe we can make a difference.

[kkc57]

love you



[kunkecan]

You need to talk to an agent that is knowledge in short sales so you have a better understanding of the short sale. Income taxes, there are government guidelines that you can look up to find if you will pay taxes or not. You on a commercial on TV recently gave the wrong advice about this to someone in the audience. Candace Kunkel-CDPE RE/dMAX On The Move

[ThePrezidentialbey]

IMPORTANT!!! Watch, A HOME FIT FOR ROYALTY!!!

[67bandit67]

HEY! This is old advice. That ended last year. You will get nailed now for taxes on undersold homes.

[vongtayvietnam]

Bank of America? The worst bank in the world. If you buy a house in short sale related to Bank of America, BoA will give you many days in nightmare. Do not waste your time with Bank of America. I wasted more than 100 days with BoA pending approval for a short sale. I really frustrating with BoA.

[stopmyforeclosure101]

Hey I know someone that can maybe give you some answers! Check him out at wwwhampghcom

[MiCasaMiDinero]

@demolitionbarbiedoll

The value on a property is established by the able and willing buyers who have recently purchased the properties in the same area. An appraisal is simply an estimation of what a willing and able buyer would pay. A listing price by a broker is simply what is considered would be a good selling price. I suggest you work with a qualified REALTOR from the area where you are planning to buy

[farmboycarl]

CUT THE PRINCIPLES ACROSS THE BOARD, and send $25,000 to each homeowner who doesn't have a mortgage. That will halt foreclosures in their tracks, underpin current home values, and begin to ease the pain the $10 TRILLION dollars in damage banks did to peoples savings and retirement resources. THEN STOP ELECTING LAWYERS TO PUBLIC OFFICE!

[lawkenk]

Ms. Ortman is not completely correct regarding the debt relief tax on a primary residence. The law only affects an amount up to the original purchase loan or loans used to improve the property. If the property was refinanced and money taken out for other purposes, there can still be a tax for amounts in excess of those numbers. One must also be aware of the tax ramifications within the state, such as California, that has not passed an exclusion for 2009 and beyond at this time.

[MarkLipka]

My financial planner says to only listen to Orman to find out what NOT to do. HE believes she's criminally incompetent and is hurting a lot of people. This particular video SEEMS fairly harmless, though. I'd always verify any of this information with a professional before proceeding.

[parkhumn]

Very good information. I am a Real Estate Broker in upstate New York and I have successfully worked with a number of Short Sales over the 19 years I have been in business. There is nothing ideal or perfect about a Short Sale vs a seller keeping their home. I would much rather they keep their home. Short Sale and Foreclosure credit ramifications are about the same, but the timeframe for buying another home are a world apart. Morally, I work to do what is best for my clients.

[ShortSalesBuyers]

the goverment understands that more and more people will face foreclosure..... and mortgage relief act for the difference has been extended till 12/31/2012 via the $700 billion bail out pkg

Jeff

[FANTASTICKISS]

VERY GOOD VIDEO!!!

[Anothercoilgun]

This clip provides very good information. But at the same times proves that the entire Real Estate industry is a game that does not concern itself with morals. One after another, hidden, hard to find, cascades of rule and regulations backed by whimsical laws, every matter of trickery to fool and rob the consumer.

[ShortSalesBuyers]

something like short sales or short pay is not the norm... thats why