QuickTips Index

Foreclosure and Short Sale Taxes - Home Sellers Might Owe the IRS
Home sellers' tax obligations on foreclosures and short sales. Distressed sale tax consequences. Sellers might owe taxes even when taking a loss and letting homes go into foreclosure or selling on a short sale.

Who Profits From Short Sales
Who wins on a short sale? Do sellers benefit from selling homes on short sales? Who profits from short sales? Are short sales better than foreclosures for a seller?

Short Sale and Foreclosure Effects on Credit
The affect of short sales and foreclosures on credit reports and FICO scores. Which is better to see on a credit report - a foreclosure or a short sale? How soon after foreclosure or short sale can a seller buy a new home?

Short Sales Are No Bargain for Buyers
Why buyers may pay more for a short sale. 11 drawbacks to buying short sales. The hype surrounding short sales and why buyers should use caution.

Buying Foreclosures - How Foreclosures Work
All about foreclosures, the risks and the profits. What is a foreclosure? How foreclosure work. Whether you're an investor or first-time home buyer,foreclosures can be a great deal, but not without substantial risk and work. Here's how to protect yourself.

Foreclosure Basics
Three basic types of foreclosures. Explanation of pre-foreclosure, foreclosure and post-foreclosures. How to determine the type of foreclosure before writing a purchase offer.

The Drawbacks to Buying Foreclosures
The condition of homes puchased at auctions or trustee sales. What can a buyer expect and prepare for when buying a home without an inspection.

Buying Post Foreclosures - REOs
How to buy a foreclosures / REOs from the bank. Negotiating offers for bank owned homes. Difference between REO homes and short sales. Hiring an agent to buy REOs.

Buying Distressed Homes: Foreclosures, Short Sales, REOs
Foreclosures, short sales and REOs: differences. Buying distressed properties under market value. Which is more profitable for a buyer -- short sales, foreclosures or real-estate-owned (REO's)? How CA law affects foreclosure sales.

How to Find Foreclosures
How to find foreclosures, government repossessed and bank repos. Find search engines that help you locate foreclosures after the Notice of Default is filed and homes seized by government entities.

Qualifying for Short Sales
Thinking of a short sale? Not every home owner qualifies for a short sale. Here is how to figure out if you meet the requirements for qualifying for a short sale.

How to Recognize Foreclosure Rescue Scams
Foreclosure rescue scams that target helpless homeowners in foreclosure. How to avoid being a victim of foreclosure rescue fraud and recognize the signs of con artists.

Stopping Foreclosures
Ways to stop foreclosure. Alternatives and options for foreclosure, working out forbearances, note modifications, reinstatements.

Abandoned Foreclosure Pets
Abandoned pets are often left behind in foreclosed homes. Why home owners move and abandon their pets after a foreclosure. How to help save abandoned foreclosure pets.

Stripping Houses After a Foreclosure
After the bank has foreclosed, what can you take out of your house? What stays and what goes after a foreclosure? Can foreclosed-upon owners strip appliances or fixtures from a foreclosed house?

Short Sales and Foreclosures
Tips for sellers facing foreclosure, including short sales. Basics for home buyers or investors buying short sales and homes in foreclosure.

Foreclosure Sales Affect Home Values - Nearby Homes Feel Effect
How mortgage defaults affect home values. Nearby homes often feel effect of foreclosures, especially if many foreclosures have been filed. How to help an appraiser use the right comparable sales when selling a home in a neighborhood faced with recent foreclosures.