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Archive for January, 2008
Dunkin Donuts Perks Up North Las Vegas
January 22nd, 2008 categories: North Las Vegas Businesses
Dunkin Donuts is invading North Las Vegas and all of the recent transplants from back east just couldn’t be happier. According to some, many of us Westerners and Nevadans just don’t know our donuts. To them, Krispy Kreme donuts are bad and Dunkin Donuts are not just good, they are nirvana. Of course, from my perspective as a native Westerner and Nevadan, it looks like to me like they are just pushing some sort of legal addiction.
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Mortgage Debt Tax Relief Not For All Short Sale Sellers
January 22nd, 2008 categories: Las Vegas Mortgage Relief, Las Vegas Seller, Las Vegas Short Sales
Las Vegans look around you. In many neighborhoods you could throw a boomerang and it will fly by several for sale signs before it comes back to you. Do one of those for sale signs belong to you? If yes, then there is a 1 in 5 chance that you are selling your home as a short sale.
Can Homeowners Afford to Sell Their Homes As a Short Sale?
Sellers of short sale properties have a lot of details to keep track of just to get their home sold. In a normal market a Seller typically has the luxury of just trying to keep their house clean for potential buyers. Today, many Sellers who are stuck doing a short sale find that a presentable home is the least of their concerns. They are faced with the prospect of working with their lender(s) to literally “qualify” to sell their home at a loss, which is no small task. In addition, until only recently short sale Sellers had another scary prospect to add to their nightmare…income taxes. Since the IRS considered the net loss on the sale of the home as income, short sale Sellers weren’t sure if they could afford the sale of their home. Why? If they didn’t already have the money to cover the financial loss when the house sells, many won’t have the money to pay the consequential taxes later.
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