Cash for Keys and Taxes

Q: Do I get a 1099 for any Cash for Keys incentives? Answer: You will receive a 1099 tax form for any Cash for Keys incentives issued to you.   Example: Here’s Bank of America’s disclosure on the tax implications … Continue reading

Bank of America Cash for Keys Program Nevada

Bank of America Cash for Keys Program, Nevada   LIMITED TIME OFFER On May 15, 2012, Bank of America announced a new short sale Relocation Assistance Program: Homeowners are eligible to receive $2,500 to $30,000 in relocation assistance. For a … Continue reading

Can you get cash for keys on a short sale in Nevada?

Q: Can you get cash for keys on a short sale in Nevada? A: Yes! In fact, here are a few actual letters. The Robo-signing Settlement may have helped more homeowners obtain this incentive. Here is the language on the … Continue reading

Short Sales in 2012

It’s time to take another look at short sales! As recently as a few months ago, if you would have told me, a real estate agent who specialized in Las Vegas short sales, that I’d be raving about a lender’s … Continue reading

Robo Signing Settlement

If you know someone who’s property was foreclosed between Jan. 1, 2008 and Dec. 31, 2011, they may have been subjected to fraudulent practices. Folks are sending in letters (like the one below) to their state Attorney General with their … Continue reading

Historic Robo-Signing Settlement is Not Without Controversy

On February 9thth, the United States Justice Department released the details of a $25 billion dollar settlement they reached with 5 major banks. The settlement occurred because the banks were accused of widespread use of “Robo-signing.” Robo-signing is a practice … Continue reading