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Posts tagged Orlando short sales

Almost 3 Years of Inventory for Orlando Area Homes

Here’s an interesting article that was in today’s publication of the Orlando Business Journal:
More than 1,400 Orlando-area homes were added to the market in January, pushing the inventory to a nearly three-year supply, according to the Orlando Regional Realtor Association.
The association reports 25,724 homes are for sale in the Orlando area through the multiple listings service, [...]

New Federal Mortgage Forgiveness Debt Relief Act of 2007 Gives Home Buyers The Edge

In December Congress passed sweeping legislation intended to help home sellers with foreclosures, short sales, deed in lieu of foreclosures, and loan modifications.  Prior to this bill discharged debt had been considered ordinary income to the borrower for income tax purposes.  Under certain circumstance (see below) taxpayers may now exclude this amount and the associated [...]