How to Begin the St. Louis Short Sales Process

St.-Louis-Short-Sales-Graph

Once upon a time, foreclosure was something people  really only faced if they fell unexpectedly ill,  wound up facing divorce, or found themselves face to face with some other huge life tragedy. However, these days unemployment  or general financial hardship is finding more and more St. Louis area people having to give up their homes […]

An Arnold, Mo Short Sale Will Help Avoid Foreclosure

An Arnold, MO Short Sale Will Help Avoid Foreclosure Have you been hearing about an option to avoid foreclosure called a short sale? Maybe you’ve heard of someone completing a short sale or read a few articles about it online and considering this for your home that will not sell for enough to pay off […]

Forgiveness of Debt is Generally Taxable

Forgiveness of Debt is Generally Taxable KBA-04576-L8T0C5 Question Seller’s Agent assisted Seller with a short sale about a year ago. Seller owed Lender $190,000 on the mortgage, but Lender approved a sale at $160,000. Lender has recently sent Seller an IRS form 1099-C, stating that (s)he owes taxes on the $30,000 difference in price between […]