Mortgage Debt Forgiveness Extended to 2014
Congress Extends the Cancellation of Mortgage Debt Relief Provision for 1 Year.
As you know the final act by the 112th Congress was to avert the ‘fiscal cliff’ and as part of the fiscal cliff deal Congress extended the cancellation of mortgage debt relief provision for 1 year, through the end of 2013. This is another example of your RPAC investments... [Read more...]
Every year-end housing report revealed that the real estate market is recovering quite nicely. Long Island short sales are still a challenge for us here locally, but here is a quick synopsis of each report indicating a recovery:
Existing Home Sales Report
Total existing-home sales rose 5.9 percent in November over last month
Sales are 14.5 percent higher than November 2011
Sales are at the highest... [Read more...]
Long Island short sales are going to probably increase over the next few months. For more information on what to expect in the overall market, visit http://www.tommcgiveron.com/long-island-real-estate-2006-prices-return/
When it comes to investing in short sales Long Island, you want to make sure that you have this type of information ready.
IF YOU ARE READING THIS IN ANOTHER STATE (NOT NEW... [Read more...]