Archive for January, 2012

Coastal REO Solutions can prevent Foreclosure with a Short Sale

Tuesday, January 24th, 2012

Coastal Reo can prevent foreclosureCoastal REO Solutions of Myrtle Beach, SC specializes in short sale marketing and short sale negotiation. 2012 is very important year for homeowners trying complete a short sale. There are tax advantages that are set to expire in 2013, so now is a good time to get your financial house in order to take advantage of this money saving program.

 This article can help you make a good business decision about your home and your finances (more…)

1099-C Frequently Asked Questions

Tuesday, January 10th, 2012

1099-C IncomeHere at Coastal REO Solutions we understand your concerns about a potential short sale, foreclosure, or deed in lieu of foreclosure. So we have formulated a Frequently Asked Question page about the 1099-C income tax that comes with a short sale to help you through the information stage.

What is 1099-C income?
This is when a Lender forgives (charges off) mortgage debt (more…)

Short Sale Debt Forgiveness and 1099-C tax liability explained

Monday, January 9th, 2012

Foreclosure-Short-Sale-Tax-ConsequencesEveryone here at Coastal REO Solutions of Myrtle Beach, SC would like to extend our best wishes to you in the New Year. The New Year always brings our thoughts around to the dreaded income tax season. Time to go through your desk drawers and shoe boxes to find those receipts and deductions. If you have been foreclosed on or done a short sale in 2010, the 1099-C Cancellation of Debt is one of the most important pieces of paper that you need to find.

A short sale is when a mortgage lender agrees to accept less (more…)

Get In Touch...

Email:
Name:
Message:

608 16th Avenue N. Suite E
Myrtle Beach, SC 29577

Phone: 843.839.8046
Fax: 843.839.9406 info@CoastalREOsolutions.com