Comments for shortsalerule.org

Comment on Can a realtor rent a short sale home after the buyer has placed a deposit and signed a contract in Florida? by kemperk

kemperk — Thu, 23 Feb 2012 02:32:59 +0000

my peers are 100% correct; what seems grossly unfair to you is not relevant. There is a huge difference between unfair and
illegal. IT is not illegal.

find a BUYER"s agent; never ever use a seller’s agent to
help you do anything.

[dual agents [seller agent also rep'ing the buyer] are not permitted by law, [most all people do not
know this] to negotiate a good price for a buyer]
References :
RE broker, exclusive buyer’s agency

Comment on Can a realtor rent a short sale home after the buyer has placed a deposit and signed a contract in Florida? by Kim Knox

Kim Knox — Thu, 23 Feb 2012 01:52:59 +0000

Yes, an owner can opt to rent a home while under consideration for a short sale. With the damage and missing appliances, you should alter your offer now, because once the bank approves your offer they will not allow consideration for the damage without having to go through the approval process again.

Sounds like the Seller isn’t particularly concerned about losing you as a Buyer, so I would collect my earnest money and go house shopping again with your Realtor.

It is not the Realtor in this case, unless they are the owner also. It is the owner who has hired the Realtor to sell the house, rent the house out, who has allowed the appliances to be removed. The Realtor has nothing to do with the problems you are encountering. The owner is the decision maker.

Just find another house, their are a billion on the market.
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Comment on Paying tax for short-saled home!? by quizzard123

quizzard123 — Thu, 23 Feb 2012 01:38:59 +0000

Rely on your real estate agent for real estate advice (although if he was involved in your mortgage situation maybe not…..).

Rely on your tax man for tax advice. He is correct.
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Comment on Under the white wash rule, if a fewer number of shares of stock are acquired within the relevant time period ? by Dave W

Dave W — Thu, 23 Feb 2012 01:17:59 +0000

I think you are talking about the "wash sale" rule. I'm not a tax accountant, but I can give you my understanding of that rule based on my own personal experience with reporting wash sales. If you sell 300 shares of XYZ at a loss, then buy 100 back within 30 days, the loss on the 200 that you did not replace would be deductible. The loss on the 100 that you did replace would be added to the basis of the replacement shares.
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Comment on Economics practice test help pease.? by Bored Goblin

Bored Goblin — Thu, 23 Feb 2012 01:15:59 +0000

a c d b d
a b d c a
c d b a c
d b c a
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Comment on Can a realtor rent a short sale home after the buyer has placed a deposit and signed a contract in Florida? by wg0z

wg0z — Thu, 23 Feb 2012 01:13:59 +0000

damage to the house made after you paid a deposit is probably grounds to walk away from the deal, if you wish. i'd walk if you can easily get all the money back. it's bad enough you have the typical short sale obstacles.
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Comment on Paying tax for short-saled home!? by Wayne Z

Wayne Z — Thu, 23 Feb 2012 01:08:59 +0000

Unfortunately, I believe that your realtor is wrong. There is a new rule about mortgage debt forgiveness not being taxable income but it only applies up to the original purchase price of the home. The amount over the $380k, is considered "income". There is also one other caveat. If you were insolvent at the time of debt forgiveness, you should not have to pay taxes on the forgiveness. As your tax preparer about claiming insolvency on Form 982.
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Comment on Can a realtor rent a short sale home after the buyer has placed a deposit and signed a contract in Florida? by the kid

the kid — Thu, 23 Feb 2012 01:01:59 +0000

As long as the owner gives permission. You have no say in the matter whatsoever. The bank seems to prefer to not lose money while the sale is pending. I GUARANTEE that your contract does not say that they cannot rent it.
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Comment on Is Obama hoping the new EPA rules on CO2 will help he falling approval numbers? by lilly4

lilly4 — Wed, 15 Feb 2012 14:23:59 +0000

Obama is a first class idiot, thank goodness next year he will be a lame duck, and in 2012, he will just be a very bad memory.
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Comment on Is Obama hoping the new EPA rules on CO2 will help he falling approval numbers? by rosemarie

rosemarie — Wed, 15 Feb 2012 14:18:59 +0000

His approval rating is going down, has been going down and will continue to go down because Americans are not going along with any of his radical agenda, and you will see America stand up for their country.
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