Comments for shortsaleincome.com

Comment on Phoenix Foreclosure For Sale – 9002 W. Heatherbrae Dr. Phoenix, AZ 85037 3/2 1647 Sq. Ft. by ionthegravity

ionthegravity — Sat, 11 Feb 2012 13:04:35 +0000

A lot of work has …
A lot of work has to go into this place, put it could look really nice

Comment on Phoenix Foreclosure For Sale – 9002 W. Heatherbrae Dr. Phoenix, AZ 85037 3/2 1647 Sq. Ft. by ward185

ward185 — Sat, 11 Feb 2012 13:04:35 +0000

how did you do on …
how did you do on this one?

Comment on Phoenix Foreclosure For Sale – 9002 W. Heatherbrae Dr. Phoenix, AZ 85037 3/2 1647 Sq. Ft. by curlyfry44

curlyfry44 — Sat, 11 Feb 2012 13:04:35 +0000

I like the italian …
I like the italian country kitchen look…I would paint the brick in the kitchen a light color and new granite or soapstone countertops, a lighter color, put in a beehive fireplace….very nice house. Wood Floors seem to be in good condition just buffing and oiling…..gut both bathrooms….. ..your music is a little loud, could not hear you towards the end.

Comment on Phoenix Foreclosure For Sale – 9002 W. Heatherbrae Dr. Phoenix, AZ 85037 3/2 1647 Sq. Ft. by Rental4Income

Rental4Income — Sat, 11 Feb 2012 13:04:35 +0000

Looks super house! …
Looks super house! We do investment properties in Tampa. Check out our link let me know what you think rental4income . com

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Comment on in a short sale is the deficiency counted as income? by Howie Feltersnatch

Howie Feltersnatch — Sat, 11 Feb 2012 09:16:59 +0000

yes. you will get 1099'd.
References :

Comment on I received a 1099-A as a result of a foreclosure…what should i expect when filing taxes? by Katy

Katy — Sat, 11 Feb 2012 08:58:59 +0000

The information on Form 1099-A will likely be needed to report the foreclosure on your tax return.
References :
http://foreclosureattorneysnow.org/

Comment on What happens during a Foreclosure sale? by OutandAbout

OutandAbout — Sat, 11 Feb 2012 08:50:59 +0000

If you’re definitely letting your house going back to the bank, do call them up and request for a Deed-in-Lieu. All terms on how it’ll move forward will be in writing; whether you owe the difference or just a small amount or you’ll waived from all payment.

You may be better off getting a loan modification if you still want to keep the house; or a Short Sale. Whatever you intent on doing moving fwd, I suggest you at least inquire the info from your lender first. If you want to read up on your state’s foreclosure info, go to http://www.hud.gov or your state’s website and search for "foreclosure."
References :

Comment on in a short sale is the deficiency counted as income? by realtor.sailor

realtor.sailor — Sat, 11 Feb 2012 08:35:59 +0000

If a bank doesn’t pursue a deficiency balance judgment, then they will send you a 1099, which is ordinary income.

realtor.sailor
References :
I’m a Realtor

Comment on I received a 1099-A as a result of a foreclosure…what should i expect when filing taxes? by acmeraven

acmeraven — Sat, 11 Feb 2012 08:26:59 +0000

The 1099A is for your records. You are the victim of an underwater loan. Nothing will be connected to your tax return.
References :

Comment on What happens during a Foreclosure sale? by f100_supersabre

f100_supersabre — Sat, 11 Feb 2012 08:05:59 +0000

ASK THE BANK OR A REAL ESTATE ATTORNEY!!
References :
common sense.