Mortgage debt relief act to expire at the end of 2012

You may owe federal income taxes in 2013 if you have a short sale, foreclosure Now is the time to make the hard decision: Are you going to walk away from your underwater home? Uncle Sam is still giving homeowners until Dec. 31 to go through a short sale or foreclosure without tax consequences — …

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West Coast foreclosure sales are now at pre-robo-signing levels

“Foreclosure auction sales in states along the West Coast have bounced back to levels not seen since robo-signing moratoriums went into effect last fall, the California-based tracking firm ForeclosureRadar reported Tuesday. The company’s coverage area includes the states of Arizona, California, Nevada, Oregon, and Washington. ForeclosureRadar says it recorded “significant increases” in all five states …

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Report Reveals Continued Declines in West Coast Foreclosure Starts

The November 2010 Foreclosure Report by ForeclosureRadar shows that though there has been no major drop in delinquencies in the West Coast states of Arizona, California, Nevada, Oregon, and Washington, foreclosure starts have fallen to 2008 levels, continuing their two month decline. The company’s report deduces that the drop in foreclosures is due to robo-signing …

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Record Number of Foreclosures Cancelled in California

The number of foreclosure sales that were cancelled in California hit an all-time record in June, according to a report released Tuesday by ForeclosureRadar, a locally based company that tracks every foreclosure in the state and provides daily auction updates. The company characterized foreclosure activity in the Golden State as “mixed” last month, with filings …

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