I have been teaching the sales persons course at the Realtor Association of Pioneer Valley in Springfield Massachusetts and I have to update my materials so I thought, what better way then to start at the heart of the course and update the analysis of the purchase and sale agreement. These next
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09/29/2008
Following is a laetter that I requested from an accountant friend of mine, Dan Alexander. With his permission I am posting it here as a guide to the tax consequences of selling real estate "short". September 4, 2008 The following information was pulled of the Internal Revenue Service website rega
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09/28/2008
Following is a laetter that I requested from an accountant friend of mine, Dan Alexander. With his permission I am posting it here as a guide to the tax consequences of selling real estate "short". September 4, 2008 The following information was pulled of the Internal Revenue Service website r
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09/27/2008
Although I have heard a great deal of complaints about the short sale addendums that are flying around he Commonwealth of MA (and the country) The contracts must be ammended to reflect the nature of the transaction! Here is what I suggest: ADDENDUM TO PURCHASE AND SALE AGREEMENT BUYER understand
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09/27/2008
As part if the series that I had been working onfollowing is my take on Short Sale Inspection Issues and Other Matters. Inspections Generally the Seller is not willing to pay for any repairs. This should be made clear in the contract. Recall that paragraph 15 of the standard Realtor contract in H
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09/27/2008
Did you know that Realtors are extremely hard working and often take their workday into the night and weekends? Of course you did! As a MA Real Estate Attorney, I have come a long way in my journey from attorney to real estate attorney to real estate attorney that acts like a team member in each
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09/27/2008
I have declared 2008 the year of distress! There's a crazy looking distressed image for ya. . . Everything that I am working on has a "distressed" component. If it is not a distressed sale (short sale) or a distressed property (neglected REO bank owned), then I am working with a Buyer who has
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09/23/2008
Stop short sales from putting you out of business! Read On!!! Inspections: Generally, in short sales,the Seller is not willing to pay for any repairs. This should be made clear in the contract. Recall that paragraph 15 termite, wood boring insect provision of the standard Realtor Contract fo
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09/08/2008
SORRY ABOUT THE PIC, I JUST LOVE THE BASKETBALL HALL OF FAME!!!! Short sales remain a slick shifting maze. The market has been changing, rates are climbing, and the number short sale transactions that are being processed by lenders is also increasing. These factors are creating more stress on
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09/07/2008
