Jackie Allen's (jackieallen) Blog

There is a current misconception that the tax laws have changed and that ALL sellers involved in short sales will be excused from paying income tax on the amount of the mortgage shortfall. Unfortunately, that is NOT true! On December 20th, President Bush signed into law a measure that will change...

The bright lining in Short Sales is that Buyers and Investors are now able to pick and choose and obtain tremendously undervalued properties.  Northern Buyers are coming down from the cold weather to luxuriate in Delray Beach's weather.  With the especially low interest rates and underpriced prop...

Unfortunately Short Sales are booming in Palm Beach County.  More are added every day.  Last March a buyer paid $240,000 for a 3/1 Single Family Home.  Because they were not able to meet the payments - they called me to sell it.  The property sold for $167,000 in today's market.  We had negotiate...