September 2008

News on Short Sales and amount owed for Doc Stamps-Florida

DOR ISSUES SHORT SALES DOC STAMP RULING The Florida Department of Revenue (DOR) issued a ruling late yesterday stating that doc stamp taxes owed on a short sale should be based on the sale price paid by the purchaser and not on the sale price PLUS any amount forgiven by the home seller’s lender. DOR’s … Continue reading News on Short Sales and amount owed for Doc Stamps-Florida

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The Downside for Sellers who pursue Short Sales-Tampa Fl

Banks: No exceptions for short sales    Increasingly, sellers seeking short sales are encountering a new twist. The Tampa Real Estate Market is no exception.  Lenders are agreeing to let some short sales go through, but they want the home owners to sign a note promising to pay some or all of the balance due … Continue reading The Downside for Sellers who pursue Short Sales-Tampa Fl

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