ARE CAPITAL GAINS ENDANGERED – Projecting the future

 The tax on capital gains directly affects investment decisions, the mobility and flow of risk capital…. the ease or difficulty experienced by new ventures in obtaining capital, and thereby the strength and potential for growth in the economy – John F. Kennedy The paradox of establishing financial plans that can exploit future gains and current … More ARE CAPITAL GAINS ENDANGERED – Projecting the future

Top Foreclosure Activity

With 168,543 properties with a foreclosure filing, California accounted for nearly 25 percent of U.S. foreclosure activity in the first quarter. Florida accounted for nearly 9 percent of U.S. foreclosure activity, documenting 58,322 properties with a foreclosure filing during the quarter, followed by Arizona, with 46,047 properties with foreclosure filings — nearly 7 percent of … More Top Foreclosure Activity

Can I buy a home while negotiating a Short Sale on my current home?

We received an interesting call today from a client who is requesting assistance with her short sale and also trying to purchase a new property with a loan. My initial reaction was – How could she short sale her property with her current mortgage company and expect a lender to lend on the new purchase … More Can I buy a home while negotiating a Short Sale on my current home?

Latest Foreclosure Statistics

Illinois Top Foreclosure Cities Chicago Aurora Rockford Elgin Joliet Highest Chicago Foreclosure Zip Codes (April) 60629 60623 60628 60619 April: Available Foreclosures in Illinois – 101,293 No. of Sales – 5,889 Foreclosure Median Sales Price – $150,000 NATIONWIDE April: Available Foreclosures – 1,760,504 No. of Sales – 187,510 Foreclosure Median Sales Price – $160,000 Statistics Courtesy … More Latest Foreclosure Statistics

What is a BPO?

A BPO, or Broker Priced Opinion, is a tool used by mortgage lenders, banks and others to value a property in the current market.  In cases where a lender is considering a foreclosure or short sale, the lender will order a BPO.  This allows them to get a reliable estimate of the current value of … More What is a BPO?