Wednesday, December 31, 2014

Well Wishes, And Tip For 2015…

small brett pic Well Wishes, And Tip For 2015...
I can’t believe 2014 is over!
Have a safe New Years Eve.
…and, I hope you have a happy and prosperous 2015!
Top Tip for 2015:
Remember, highly effective people think on paper.
Write down everything… Your goals. …Your dreams. …How to solve problems.
Before you tackle any project write down the steps it will take to complete it. You’ll be amazed how much quicker you complete the project.
…plus it feels so good to check off the items as you complete them!
That’s it for today!
Thanks for reading.
Brett
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Monday, December 29, 2014

Update To Short Sale Law…

small brett pic Update To Short Sale Law...
I hope you had a great Christmas!
Update on Short Sales:
On December 16, the Senate passed an extension of the Mortgage Debt Forgiveness Act by a vote of 76-16.
The extension applies to any short sale conducted in 2014.
If Congress had failed to act on the renewal of the tax breaks, any forgiveness on a home loan achieved in a short sale would have been counted as income for homeowners whom banks allowed to sell their homes for less than the amount of their mortgage.
That’s important, because the average short sale nationwide is reported as having a forgiveness of about $75,000.
That’s it for today!
Thanks for reading.
Brett
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Tuesday, December 23, 2014

FHA Gift Tip, And Short Video On Giving You Have To Watch…

small brett pic FHA Gift Tip, And Short Video On Giving You Have To Watch...One quick note on FHA gifting, and a short video on Giving that you have to watch…
Acceptable gift donors for FHA loans…
1) Borrower’s relative.
2) Borrower’s employer or labor union.
3) A close friend with a clearly defined and documented interest in the borrower.
4) A charitable organization.
5) A governmental agency or public entity that has a program providing home ownership assistance.

I’m a huge fan of Simple Truths.
Since it’s the Christmas Season please watch this short video on giving. I can’t watch it without choking up a bit…


That’s it for today!
Merry Christmas! …and thanks for reading.
Brett
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