How $8.5 Billion Foreclosure Settlement Affects Borrowers
Q&A: Status and Affect of Billion Dollar Settlement Many details of the $8.5 billion mortgage foreclosure settlement that federal banking regulators announced Monday have not been finalized yet. Here are some answers for borrowers. Q: How much money is in it? A: Ten banks and mortgage companies will pay $3.3 billion in cash to borrowers and […]
Ten Economic Questions for 2013
Here are some questions to think about… Bill McBride or CalculatedRiskBlog.com raises some interesting questions for 2013. Below are the four most related to real estate, and click the link below for a full list. 1) US Policy: This is probably the biggest downside risk for the US economy in 2013. I assume some sort […]
Mortgage Forgiveness Debt Relief Act and the Fiscal Cliff (VIDEO)
Many credit the Mortgage Forgiveness Debt Relief Act for much of the housing industry’s recovery in Arizona and throughout the country. Under the IRS Tax Code, debt cancellation or debt forgiveness, such as mortgage forgiveness in a short sale, is considered regular “income” for the taxpayer. Under the code a taxpayer would essentially have to pay taxes […]
Fiscal Cliff Impact on Arizona Real Estate Market and Values (VIDEO)
The Fiscal Cliff could greatly impact the investment sector of the Arizona housing market, and many should find the anti-deficiency statutes of the state provide more protection than originally thought. Real estate owners and investors need to be aware of the impending changes associated with the fiscal cliff, and keep a close eye on their investments, and […]
