When a bank forgives a debt greater than $600, like in a short sale, they are required to issue a 1099C to the Homeowner. This article talks about avoiding the tax hit by following some simple steps. Continue reading →

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Posted in Bankruptcy, Foreclosure, Short Sale | Tagged Foreclosure Short Sale Tax Consequences Tax Hit Liability Banks Deficiency Des Moines Iowa Bankruptcy | 5 Comments

PowerPoint for Realtors working Short Sales in Des Moines

Posted on October 1, 2009 by admin

Here is a presentation on power point with nationwide foreclosure statistics and information for realtors and homeowners alike. Continue reading →

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Posted in Des Moines, Foreclosure, Short Sale | Tagged Realtor Short Sale Des Moines Foreclosure | Leave a comment

Help! My Rental in Des Moines is Being Foreclosed on!

Posted on September 11, 2009 by admin

What to do when the house you are renting in Iowa is getting foreclosed on. Continue reading →

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Posted in Des Moines, Foreclosure, Short Sale | Tagged Rental Property Tenants Rights Obama Helping Families Save Their Homes Act SEctions 701 702 703 704 Protecting Tenants at Foreclosure Act of 2009, Short Sale Des Moines Iowa Foreclosure Paperwork Loss Mitigation foreclosures how to stop foreclosure missed payments default | Leave a comment

Treasury Department to Encourage Short Sales

Posted on September 10, 2009 by admin

The following article is from Kate Berry, columnist for American Banker Submit The Treasury Department plans to announce financial incentives for servicers to pursue short sales and deeds in lieu of foreclosure for troubled homeowners who do not qualify for … Continue reading →

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Posted in Foreclosure, Short Sale | Tagged Short Sale Des Moines Iowa Foreclosure Paperwork Loss Mitigation foreclosures how to stop foreclosure missed payments default | Leave a comment

Banks Find Ways to profit from dragging out Foreclosures

Posted on August 13, 2009 by admin

Commenting on a NY Times article about banks profitting from dragging out foreclosures Continue reading →

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Posted in Foreclosure, Short Sale, news | Tagged Banks Profit from Foreclosure, Short Sale Des Moines Iowa Foreclosure Paperwork Loss Mitigation foreclosures how to stop foreclosure missed payments default | Leave a comment

The problems with Loan Modifications

Posted on August 11, 2009 by admin

The ups and downs of Loan Modifications Continue reading →

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Posted in Des Moines, Foreclosure, Short Sale | Tagged Short Sale Des Moines Iowa Foreclosure Paperwork Loss Mitigation foreclosures how to stop foreclosure missed payments default Loan modification | Leave a comment

High End Foreclosures in Des Moines

Posted on August 4, 2009 by admin

The Wall Street Journal recently ran the following article about high end foreclosures. While subprime mortgages sparked the first round of housing problems two years ago, now “troubles are lurking further up the food chain,” says Joshua Shapiro, chief U.S. … Continue reading →

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Posted in Des Moines, Foreclosure, Short Sale | Tagged High End Foreclosures Des Moines Expensive Short Sales REO | Leave a comment

Doing Short Sales in Iowa – Why do the Banks need all this paperwork??

Posted on June 30, 2009 by admin

Cardiology, Classic Cars, and Short Sales….What do these things have in common? Proper assembly is required or things won’t run right. But, why do they need all this information from me? Think about it this way: The only information that … Continue reading →

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