coeur dalene short sale realtor: UPDATE! Mortgage Debt Protection Act and short sales in Coeur d'Alene - 02/06/14 07:55 PM
Coeur d'Alene Idaho Short Sale Realtor -
Last year, more than 250,000 Americans were able to negotiate short sales to avoid foreclosure.  The Mortgage Debt Forgiveness Act of 2007 made their deficiency (the difference between what they owed the bank and the amount the bank settled for) forgiven, meaning they did not have to treat the deficiency as if it were taxable income.  On average, $37,000 was the amount of forgiven debt in short sales.  Coeur d'Alene short sale taxpayers in a 25% tax bracket would have owed the IRS an extra $9,250 in taxes. 
The Mortgage Debt Forgiveness Act of 2007 expired … (1 comments)

coeur dalene short sale realtor: Short Sale Valuations by Your Lender Can Be Successfully Challenged - 05/04/12 07:42 AM
Janna Rankin Scharf, GRI, SFR, CLHMS - Coeur d'Alene Idaho Short Sale Realtor
Short short sales make up a substantial percentage of all real estate sales in Coeur d'Alene, Idaho these days, and according to CoreLogic that number is projected to nearly double in 2012 over the record set in 2011.  My personal business seems to bear that out as I currently have seven listings with contracts pending, and six of those are short sale transactions.
One thing I have learned is that the valuation a bank sets for a listed property, establishing the amount they require  in order to approve a short … (4 comments)

coeur dalene short sale realtor: Short Sales in Coeur d'Alene ~ It was gonna take a MIRACLE, and he got one! Maybe... - 08/29/09 02:54 PM
As a Realtor actively working short sales in Coeur d'Alene, I am finding no shortage of interesting stories to write about.  Here is my latest.  Really, I couldn't make this stuff up! -
The Joy of Short Sales ~ It was gonna take a MIRACLE, and he got one! Maybe...
A couple of months ago I met a great guy in Coeur d'Alene who was in a pickle.  He bought three homes new, as an investment, 3 years ago. A year or two ago, when the market started turning south, he decided to unload them.  Got two sold, and one under a lease option … (0 comments)

 
Janna  Scharf, Coeur d'Alene Real Estate Pro (Keller Williams Realty Coeur d'Alene) Ambassador large

Janna Scharf

Coeur d'Alene Real Estate Pro

Coeur d'Alene, ID

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Keller Williams Realty Coeur d'Alene

Address: 1450 Northwest Blvd. Ste 301, Coeur d'Alene, ID, 83814

Office: (208) 667-2399

Mobile: (208) 651-9700

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Coeur d'Alene Idaho Real Estate Blog By Janna Rankin Scharf of Keller Williams Realty is a Great Place For Real Estate Agents and Potential Buyers and Sellers to get to know more about Coeur d'Alene Idaho as well as other parts of Kootenai County and North Idaho.
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