flippers in trouble
doch seit mitte 2005 ist der markt gecrasht und conflip hat sich den "panic" button patentieren lassen. warum wohl...........
miami hat inzwischen einen ca. 10 jahresbestand an condos die zum verkauf stehen bzw. im oder der planung sind.
dumm nur das sich in diesen zeiten hinter jedem dieser flipper wie unten aufgeführt richtiges elend verbirgt. aber wer so gierig ist und auf die schnelle kohle aus ist muß mit den konsequenzen leben können.
dank geht an ob_tom und ben http://thehousingbubbleblog.com/?p=1552
“I live in Brooklyn NY. Like an idiot, I regretfully bought a home as an investment to flip in Florida. I tried everything to sell this home. I listed with a reputable real estate company. I was told no buyers.
I tried selling at lower than what I owe the bank as for sale by owner. I read blogs about another person in same situation about a Florida home. In the replies it implies that if I do a DIL or foreclosure, that I’ll have to pay the IRS capitol gains taxes on the $305,000 I owe the bank if I do the DIL or a foreclosure. Is that true? I can’t afford paying taxes on $305,000. I’m ashamed and scared. I can’t afford this home anymore. (in den usa muß man auf den betrag in einigen bundesstaaten auf die von der bank abgeschriebenen summe steuren zahlen)
I borrowed money from my parents to make the last 5 months payments to the bank because I didn’t flip it like planned. They can’t give me any more money or a loan because they are retired on a fixed income. Right now, I have way more bills than earnings. Making matters worse, I had to take a pay cut due to a major reorganization at my job. Is that true about having to pay capitol gains taxes to the IRS if the bank OKs a DIL or foreclosure?
I may have to move in with my parents which is totally embarrassing. Please share your thoughts.
not flippers but representive/keine flipper aber durchaus üblich
und das passiert wenn man ein neues haus kauft bevor mal sein altes vertickert hat.
dank georgesalt und ben http://thehousingbubbleblog.com/?p=1552
****Haymarket, Va.: We contracted to build new construction but our current home has not sold after multiple price reductions. In the event we default and don’t settle on the new construction, the builder will not only keep our deposit, but sue us for the difference between our sales price and the discounted sales price they end up selling it for to someone else. Have you heard of anyone successfully beating this in court?
They have offered us creative, but extremely expensive financing to settle now but we still risk our house not selling and going bankrupt anyway. Any advice would be appreciated. By the way, our local market seems to be soo much worse than what is being reported. Our home value has decreased by almost $100,000 in the past year.