When doing the short sale with the lender the shortage does not just go away. Depending on the lender they will determine if you will get a 1099-C or that you get a deficiency judgment against you. A 1099-C is an income form for the shortage that you will have to claim as income since…
There are documents that need to be gathered to get the process in full gear. Keep in mind you are asking for a discount from the lender on a purchase you did in the past, a mortgage that you agreed upon prior so the lender needs all the verification again as too why you feel…
Working towards the process: You will need verification of your economic condition prior to getting the process started. You will need to write a hardship letter that states why you feel that you need to do a short sale. Also if you are having an outside party assist in the process you will need to…
With today’s tight economic conditions mortgage payments are stressing many families to the brink of either foreclosure or bankruptcy. There are other options available to you as a consumer out there. Loan modification is actually a good option if you are planning on staying in your home. This is where Mortgage Company will work with…
Do you feel like your trapped in this every changing economy???? Our economic condition has been very challenging for all in the past couple of years. There are times in our lives that we are so confused we don’t know what is in store and what will happen to the so called financial nest egg…
February is already upon us and it seems like the year just started. I remind all my friends and customers I have met and have done business with over the years that the deadline for the Florida Realtors Essay contests for the $28,000 State scholarship is February 9th 2011. If you have a high school…
Saturday evening will be filled with thousands of people, food, fun and the Jingle Bell Run as well as the annual Holiday Parade all in downtown Tallahassee. There is so much to do at this time of year. We as a group of about 30 plus people have been celebrating it annually for over 10…
Everyone will be hustling and bustling to get all prepared to kick off the Holiday season. The crisp air also adds a bit of Holiday cheer as well and the changing of the trees and landscape gets us all in the spirit. This is the time of year to be thankful for what you have.…
With today’s challenging economy 30% of most homeowners are struggling with their mortgages. Job loss, declining values and just the overall economy in poor shape has forced many homeowners to make drastic decisions or face losing their homes. Major stress and frustration sets in. What do I do? I can’t cover my monthly payment; my…
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