Just waiting for the bank also sign and have a fully executed contract.Good news is that the bank will evict the person living in the house (That's a relief) since the tenant is not cooperative and they don't allow the county to do the certificate of occupancy (which is needed in my county for every foreclosure sale)PS ( 3rd lesson learned: Deals are like taxis, when one passes, the next one will come...i read that somewhere in BP and in this week I found another potential short sale I am planning to pursue also)Two questions:-Assuming the Certificate of Use comes saying the property needs to fix X Y and Z before is a livable property, How can I leverage this lo lower down my offer again?

There's a flat deduction for folks that fall under the AMT.Not only that, the Taxpayer Relief Act of 2013 reinstated the personal exemption phase out AND the limitation of itemized deductions.

There is definitely a sense of relief knowing that, barring any major disasters, we won't be getting a call about any repairs on the houses for the next 10 months!

Thanks so much...you both have sorta restored the wind beneath my wings again...I feel a since of ahhhh (relief).God bless you.

The IRS often gets involved with short sales, because they are seen as a relief of debt and may be treated as income.

If you have incurred a short term financial hardship and your loan is 90 days to 365 days past due a special forbearance is designed to provide you with more relief than is possible with a regular repayment plan.

We can give you a fair price, close quickly, provide instant debt relief and buy your house in “as is†condition.“I recommend you go to the codes court in person.

Missed payments are on the rise not on the decline (and every mush mouth loan modification the lenders do which creates lower payments and negative amortization instead of real debt relief sets up another time bomb.Where does this lead?

The court may award any appropriate equitable relief.

Almost zero interest and get paid interest on your reserves.....http://www.federalreserve.gov/newsevents/press/monetary/20081006a.htm Interest on ReservesThe Financial Services Regulatory Relief Act of 2006 originally authorized the Federal Reserve to begin paying interest on balances held by or on behalf of depository institutions beginning October 1, 2011.