Realtor San Diego Corner: Can You Short Sale Rental Property?

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Short Sale San Diego Realtor Confesses

 

With national elections behind us and the Mortgage Forgiveness Debt Relief Act “appearing” to come to a close (stay tuned here), Team MRG now explores a large segment of the “pondering short sale” homeowner population that either

A) Has never lived in the home  they’d like to short sale

OR

B) Has lived in the home at one time.

We answer this question a lot. In fact, about 1/3 of our clients are landlords.

The answer on whether you can short sale your rental property is? Read more »

Realtor San Diego Confession: Short Sale Tax Loophole Ends 12/31/12

Greetings MRG Nation! Your all too enthusiastic Realtor San Diego Team is back once again to answer more of your Real Estate Questions.

Keep Sending Them  – We’ll Keep Answering Them.


Countdown To 12/31/12 – Say it’s not so!

Last time we answered the question many current and prior homeowners face – that is, “How Soon Can I Buy a Home After a Short Sale.” Today we’ll cover some more common after effects of a short sale such as:“What are the tax consequences if I do a short sale – how does that piece work? Is it like forgiven debt? Do I receive a 1099?” Read more »

Short Sale Agent FAQ: How Soon Can You Buy a Home… After a Short Sale?

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San Diego Realtor Corner

As a Short Sale Agent & San Diego Realtor  (yes we’re exemplary at Traditional Home Sales as too) we receive so many questions from prior Short Sale Home Sellers AND New Prospective clients as well. One of the most frequent questions is: “How soon can I buy after a short sale? What is the time lapse? The answer to that question is, “It depends ” If a borrower is going to use conventional financing, (that is putting 20% down), the answer is (drum roll!)… Read more »