Shelda Hodges's (ssalediva) Blog

  WHAT CERTIFIED DISTRESS PROPERTY EXPERTS  KNOW ABOUT SHORT SALES  GUARANTEE THEIR SUCCESS Can You Answer These Important Questions?   1. How can a 9x12 manila envelope help guarantee your short sale will close? 2. Why is the color red critical to a successful short sale? 3. Is “being underwater...

  LPS: Delinquency Rate Spikes   Lender Processing Services (LPS) reported a spike in delinquency rates in the month of September, compared to August, which means even more foreclosures are likely to stack up on top of the shadow inventory. For those who think the REO bubble has burst, this shoul...

Palm Beach County , Florida -Property Tax Discounts Property tax bills are normally mailed to the owner's last address as it appears on the tax roll on or before November 1st of each year. The full amount is due by March 31st. The following discounts are applied for early payment: §  4% discount ...

Why you want to close this year   When homeowners negotiate a short sale, banks are legally required to report the forgiven debt to the IRS. The homeowner now has to pay income tax on this amount. In many cases, the tax responsibility can end up being tens of thousands of dollars. The Mortgage De...

  Banks recognize the benefits of short sales   As an agent, you know that a short sale can save your client from a devastating foreclosure. It’s simply a better solution for a homeowner in distress than a bank repossessing the home.   But now, banks have also realized that short sales are a bett...

Short Sales Skyrocket, Loan Mods Take a Nosedive When it comes to figuring out what the real estate market looks like, among the best resources to use are statistics from the Office of the Comptroller of the Currency (OCC).   The OCC recently released their mortgage metrics report for the first q...

Short Sale Myths 4-7     Myth #4 – Listing My Home as a Short Sale is an Embarrassment   It is understandable to have reservations about letting the world know that you owe more on your home than it is worth. However, according to recent estimates, more than one out of eight homeowners in the U.S...

Short Sale Myths 1-3 OF 7     A short sale can be an excellent solution for homeowners who must sell and owe more on their homes than they are worth. Unfortunately, a number of myths about short sales have developed, and it is important to understand the reality of this process should you find it...

  Short Sale vs. Foreclosure: Who Wins?     One of the most frequent questions we’re asked is if a short sale has the same effect on a consumer’s future credit as a foreclosure. The answer is…ABSOLUTELY NOT!   When it comes to credit reporting, a short sale will most likely have a much less catas...

The Mortgage Debt Relief Act is Ending   Dear Homeowner: In 2007, the Mortgage Debt Relief Act was passed in an attempt to help the millions of homeowners who, due to the housing crisis and economic crash, suddenly found themselves in danger of losing their home to foreclosure. The act has helped...