Monthly Archives: June 2012

NC Realtors Push for BPO Law Change

The North Carolina Association of Realtors (www.ncrealtors.org) has begun an email campaign to push for support of Senate Bill 521 – Broker Price Opinions. Below is the email that was just sent out by NCAR… A major piece of legislation is under consideration in the North Carolina General Assembly and we need your help! Click here to take […]

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Federal Disclosure Requirements to Protect Homeowners

By now, we’ve all heard of foreclosure rescue companies, loan modification services, and the like.  Many of these companies offer an invaluable service and are worth every penny they make in the process.  However, there are some groups out there who are either unknowingly charging illegal fees to underwater homeowners or who are complete and […]

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What Every Seller Should Know About Cancellation of Debt in a Short Sale

The basic premise behind a short sale is that the seller will negotiate with their lender to sell the house for less than what is owed.  If the lender also agrees to “cancel” or “forgive” the short amount, then there may be a resulting tax liability for that amount.  According to a recent article on […]

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