Link to Mortgage Debt Forgiveness Act
November 13, 2008
Here is a link on the Internal Revenue Service page which explains the Mortgage Debt Forgiveness Act passed December, 2007. The lender that forgives a portion of the debt owed on a mortgage will issue a 1099 to the homeowner. For example if you owe 300,000 and the property is sold for $250,000, the lender will issue to a mortgage holder a 1099 for the difference, their loss. In this case it would be $50,000. http://www.irs.gov/individuals/article/0,,id=179414,00.html [Read more]
Home sales up in Miami last two months
October 25, 2008
The Miami Herald reported today that sales have been up the last two months. Buyers are still having problems getting financing, but since prices have gone down to 2004 levels, those that do qualify are jumping in.
http://www.miamiherald.com/news/broward/story/740881.html
 Mortgage defaults which don’t always end up in the banks title or actual foreclosure decreased, but it is thought that is an aberrationl. It is probable that the banks filed less foreclosures last month as they were waiting to see what was going to happen with the bailout. Either way, I’ve heard several economist say that the bottom will be in mid to end of 2009.
Foreclosure
June 25, 2008
Foreclosure
The real meaning behind it….The Dirty Little Secret Lenders Don’t Speak Out…
Purchasing a foreclosure home; things to consider
With so many foreclosure properties here in the Valley and around the country; I thought I would be useful for me to share a few things from the lunch & learn class I attended yesterday. It was on how to write a good contract on a …
Cities face a growing problem; Foreclosure crisis contributes to a …
The grass may be greener - and taller - if the house next door is in foreclosure. It may also be stressing neighbors and straining the budgets of cities as they try to clean up after absentee owners. In six years, Cleveland Heights has …
Senate Bill to Help People Facing Foreclosure
With thousands of San Diegans and hundreds of thousands nationwide facing foreclosure, help may finally be on the way.
Blanca has 23 years of Real Estate expertisein the Miami area. She is a certified Luxury Home Specialist. Because of current market conditions, she has acquired additional certifications as an REO Specialist and Foreclosure Prevention. Her education of a bachelors in Finance/International Business gives her an edge in assisting buyers & sellers in today's market. She is passionate about living in Miami, her home town since childhood. 
