Turn Your Lights On Please | Your Attitude | Cancellation of Debt

Image001

Another foggy day at the beach – can you believe it?  The warm weather is great (except that my allergies are REALLY acting up), but I’d like to see some sunshine in the morning – wouldn’t you?  BTW – please turn on your lights when driving in the fog.  It always amazes me how many of us forget to do that.  Drive carefully and plan ahead.

Speaking of planning, we are almost to the end of the first quarter of 2012 (times moving fast it seems to me).  How are you doing against your goals?  I know I talk about this quite a bit, but the reason I do is that it’s important.  Goals are what you measure your results against.  Another thing that is important in this market is your attitude.  It’s too easy to get negative.  Here are my thoughts on WHEN ATTITUDE AFFECTS PERFORMANCE (click here)

With so many short sales happening and the tax season upon us, we went looking for information on the Cancellation of Mortgage Debt and how debt forgiveness is generally treated as taxable income to the borrower.  There are some exceptions to this rule provided in a new law enacted in December 2007, but it is generally limited to debt on properties that were the borrower’s primary home.  The information in the article that I’ve linked to is provided by the National Association of Realtors Real Estate Services Group.  Please feel free to share this with your clients, but always include advice to check their specific situation with a competent and professional tax advisor.  CANCELLATION OF MORTGAGE DEBT (click here)

Mortgage bond prices finished the week higher helping mortgage interest rates improve. Rates were positive Monday morning but quickly whipsawed higher Monday afternoon and Tuesday morning. Trading swung back positive again Wednesday and Thursday following weaker than expected existing home sales data and reports that Chinese manufacturing weakened. Oil prices bounced around initially falling on consumption worries tied to the Chinese weakness, which eased some of the recent inflation fears. Prices spiked a bit higher Friday afternoon following reports that Iranian oil exports fell. Mortgage interest rates finished the week better by about 1/4 to 3/8 of a discount point despite the tremendous volatility.

Here is my current rate sheet for real estate professionals:  <a href="http://www.box.com/s/5cbee41075bff7033814&quot; title="http://www.box.net/shared/bxjyydagau&#010;http://www.box.net/shared/uks538ajcm“>Baxter Rate Sheet

 

Have a great weekend and never hesitate to contact me if you need something – hit the cell, send an email, pop a text, or contact me on Twitter or Facebook.  And, if you need to get a buyer pre-approved?  Just send them to my secure online application – Baxter Online Mortgage Application – Click on “Start Your Application

And here’s an easy way to introduce me to clients when you make a referral.  Send them to my About.Me Profile:  Click Here

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s