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Special Issue Archive
Tax perk meant for mom-and-pop owners will instead benefit major property investors
January 30, 2019 10:30AM
Small-time real estate investors are being blocked from a tax break that was originally meant to benefit them. The Treasury Department recently released final...
Cash deals drop to 46% of South Florida home sales
November 06, 2016 09:00AM
Cash purchases as a percentage of house and condo sales in tri-county South Florida slid to an eight-year low of 46 percent in the...
IRS closes off remaining REIT spinoff loophole
June 08, 2016 03:45PM
From the New York website: The Internal Revenue Service officially closed the last remaining legal avenue that allowed non-real estate corporations to spin off their property...
Three SF counties among top areas in U.S. for suspicious mortgage activity
October 05, 2011 03:48PM
Palm Beach County skyrocketed up the ranks of U.S. counties with suspicious mortgage activity, according to a recent report from the Treasury Department’s Financial...
Report finds HAMP program to be lacking
December 14, 2010 04:17PM
A government evaluation of the Home Affordable Modification Program found it once again to be lacking, according to CNN. HAMP has undergone tweaks since...
GMAC bests peers in permanent loan mods
February 23, 2010 01:22PM
While lenders have notoriously struggled over the past year to convert three-month trial mortgage loan modifications to permanent fixes under Obama’s Home Affordable Modification...
Treasury relaxes paperwork requirements for loan mods
January 29, 2010 12:19PM
Borrowers participating in the Obama administration’s Home Affordable Modification Program will soon have a simpler route to mortgage loan modifications. Under new guidelines, borrowers...
Mortgage principal reductions not in Obama’s plans
January 21, 2010 01:25PM
The Obama administration has no immediate plans to encourage mortgage principal reductions through its foreclosure prevention program, the Treasury Department said yesterday. The announcement...
Treasury aims to speed up short sales
January 14, 2010 12:34PM
The Treasury Department is giving lenders a new 10-day deadline for responding to short sale offers, in an attempt to move along a process...
Banks stepping up to the plate on short sales
January 04, 2010 02:07PM
Banks appear to be slowly embracing the notion that short sales — the practice of accepting a price on a property that’s less than...
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