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Video 78: If you allow your house to go to foreclosure can the bank who had that loan come after you for any of their loses? Kevin Hardin of Thomson Conant Law Office in Phoenix answers that question for us. Would love to hear your thoughts, you can leave a comment or e-mail me Dean Ouellette.

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Video 77: If you allow your house to go to foreclosure or chose to sell via a short sale will there be any taxes you need to pay? Kevin Hardin of Thomson Conant Law Office in Phoenix answers that question for us. Would love to hear your thoughts, you can leave a comment or e-mail me Dean Ouellette.

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Video 53: Should I walk away from my mortgage if I am underwater? I would never advise anyone to do that, but I think it makes sense for some to consider walking away. I would love to hear your thoughts or any suggestions for future videos you have, you can leave a comment or e-mail me Dean Ouellette.

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Video 48: Would a bank or lender rather do a foreclosure or see you sell your house via a short sale? It is almost never better for a lender to foreclose on a house. As long as the house is sold at fair market value the lender will average about 30% more selling the house via a short sale than they will via a foreclosure. There is an exception though, make sure you check out the video to see the exception when a short sale makes more sense for the lender. I would love to hear your thoughts or any questions you may have about short sales, you can leave a comment or e-mail me Dean Ouellette.

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Top 5 real estate posts of the day for 8/20/2009

August 20, 2009 Top Posts

1) Buying a HUD home – A much underutilized resource for homebuyers looking to get into a home for as little out of pocket as possible.
2) Record 13.2 percent of mortgage loans in foreclosure or deliquent in Q2 – I like the ending “We are all subprime now”
3) Neighborhood Stabilization Program – Rail Life [...]

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Top 5 real estate posts of the day for 8/12/2009

August 12, 2009 Top Posts

1) 5 dumb reasons you can’t get mortgage help – Ok, not to get to political, but read this then tell me you want the government taking over health care.
2) Can you really lose your home over 7 cents? – This is one of those ones where you really are not sure what to [...]

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Top 5 real estate posts of the day – Thursday 5/14/2009

May 14, 2009 Top Posts

Top 5 real estate posts for Thursday 5/14/2009

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Is the buyers market done in Phoenix? Phoenix bank owned foreclosure market supply plummets

May 5, 2009 Foreclosures

  If you have tried to purchase a bank owned foreclosure home in the last two months you have surely seen the how competitive it has been. Most houses are going to multiple offers and many of those are going well above asking price. I have two customers I am currently working with who have [...]

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Could “Produce The Note” stall your foreclosure?

February 26, 2009 Foreclosures

This was an interesting video I saw this morning on YouTube. Could this be a new way to stall your foreclosure? This “Produce The Note” is new to me, but an interesting idea.
While this will probably not save your home forever, it may buy you more time to come up with another solution or sell [...]

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