Entries from April 2012 ↓

Mortgage Forgiveness Debt Relief Act

Filed Under: Real Estate Issues | No Comments »

Obama’s 2013 budget proposal includes an extension of the Mortgage Forgiveness Debt Relief Act of 2007.  The administration’s extension would apply to any amounts forgiven before January 1, 2015.  Without the Mortgage Forgiveness Debt Relief Act, debt reduced through mortgage modifications or short sales qualifies as income to the borrower and is taxable. Subscribe to […]

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Was Your Loan Modification Successful?

Filed Under: Financing Issues | No Comments »

Many people have tried or are currently in the midst of a loan modification with their lender.   If you have tried or done one, we would be interested in knowing if you were successful or not.  If you were approved for a modification, were you happy with the outcome? Subscribe to the comments on this […]

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Did Your Property Taxes Increase This Year?

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The County Assessors for King, Snohomish and Pierce counties reevaluates your property value each year now instead of every 4 years.  Do you know that if you believe the new value indicated exceeds the fair market value of your home, you can appeal it?  Evidently a sizable number of appeals have been won by homeowners.  […]

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