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Can I Short Sale If I Don’t Have A Normal Hardship?

Wednesday, January 12

I own a condo in Hackensack, New Jersey. I purchased in 2007, pre-construction for $375k and have a mortgage balance of $337k.I have been trying to sell my unit for upwards of 2 years with no success. I have been unable to refinance because my unit is worth much less than the balance on my mo...


The Debt Forgiveness Act

Wednesday, December 29

It used to be that you owed income tax on any forgiveness of debt.When a lender decides to forgive all or a portion of a borrower's debt, the forgiven amount is considered as income for the borrower and is liable to be taxed.Here are the following ways you can qualify to short sale a property...