Oct 3, 2011

Short Sale SOLD in Brighton, MA

124 Sutherland Road, #9, Brighton, MA
SOLD - $161,000
"I had an overwhelming mortgage and a condo fee that had just gone up 50%. I couldn't refinance so I decided to sell on a short sale. Marina was recommended as a short sale expert. She certainly knows her stuff on the sales front. She is also endlessly patient in answering my questions and super quick to respond to my emails. Marina really made a stressful situation much easier. With all the scams out there its nice to find a trustworthy ally in the short sale process."
- Deanna, Homeowner 

Sep 1, 2011

Mortgage Debt Forgiveness Act - FAQ's

Are You Behind On Mortgage Payment and Underwater on Your Primary Residence?   The IRS Will Waive Your Deficiency! 

I'm pasting the information from the IRS website regarding debt forgiveness for mortgages...hopefully this helps some people
Mortgage Forgiveness Debt Relief Act

What is the Mortgage Forgiveness Debt Relief Act of 2007?
The Mortgage Forgiveness Debt Relief Act of 2007 was enacted on December 20, 2007 (see News Release IR-2008-17). Generally, the Act allows exclusion of income realized as a result of modification of the terms of the mortgage, or foreclosure on your principal residence.

What does that mean?
Usually, debt that is forgiven or cancelled by a lender must be included as income on your tax return and is taxable. The Mortgage Forgiveness Debt Relief Act of 2007 allows you to exclude certain cancelled debt on your principal residence from income.

Does the Mortgage Forgiveness Debt Relief Act of 2007 apply to all forgiven or cancelled debts?
No, the Act applies only to forgiven or cancelled debt used to buy, build or substantially improve your principal residence, or to refinance debt incurred for those purposes.

What about refinanced homes?

Debt used to refinance your home qualifies for this exclusion, but only up to the extent that the principal balance of the old mortgage, immediately before the refinancing, would have qualified.

Does this provision apply for the 2007 tax year only?
It applies to qualified debt forgiven in 2007, 2008 or 2009.

If the forgiven debt is excluded from income, do I have to report it on my tax return?
Yes. The amount of debt forgiven must be reported on Form 982 and the Form 982 must be attached to your tax return.

Do I have to complete the entire Form 982?
Form 982, Reduction of Tax Attributes Due to Discharge of Indebtedness (and Section 1082 Adjustment), is used for other purposes in addition to reporting the exclusion of forgiveness of qualified principal residence indebtedness. If you are using the form only to report the exclusion of forgiveness of qualified principal residence indebtedness as the result of foreclosure on your principal residence, you only need to complete lines 1e and 2. If you kept ownership of your home and modification of the terms of your mortgage resulted in the forgiveness of qualified principal residence indebtedness, complete lines 1e, 2, and 10b. Attach the Form 982 to your tax return.

Where can I get this form?
You can download the form at IRS.gov, or call 1-800-829-3676. If you call to order, please allow 7-10 days for delivery.

How do I know or find out how much was forgiven?
Your lender should send a Form 1099-C, Cancellation of Debt, by January 31, 2008. The amount of debt forgiven or cancelled will be shown in box 2. If this debt is all qualified principal residence indebtedness, the amount shown in box 2 will generally be the amount that you enter on lines 2 and 10b, if applicable, on Form 982.

Can I exclude debt forgiven on my second home, credit card or car loans?
Not under this provision. Only cancelled debt used to buy, build or improve your principal residence or refinance debt incurred for those purposes qualifies for this exclusion.

If part of the forgiven debt doesn't qualify for exclusion from income under this provision, is it possible that it may qualify for exclusion under a different provision?
Yes. The forgiven debt may qualify under the "insolvency" exclusion. Normally, a taxpayer is not required to include forgiven debts in income to the extent that the taxpayer is insolvent. A taxpayer is insolvent when his or her total liabilities exceed his or her total assets. The forgiven debt may also qualify for exclusion if the debt was discharged in a Title 11 bankruptcy proceeding or if the debt is qualified farm indebtedness or qualified real property business indebtedness. If you believe you qualify for any of these exceptions, see the instructions for Form 982.

Is there a limit on the amount of forgiven qualified principal residence indebtedness that can be excluded from income?
There is no dollar limit if the principal balance of the loan was less than $2 million ($1 million if married filing separately for the tax year) at the time the loan was forgiven. If the balance was greater, see the instructions to Form 982, page 4.

Is there anything else I need to know before filing?
Yes. Because the Mortgage Forgiveness Debt Relief Act of 2007 was passed so late in the year, the software systems used by tax preparers and at the Internal Revenue Service need to be updated to accept the revised Form 982. The IRS expects to be able to process the new Form 982 electronically on March 3, 2008.

Contact Us TODAY to see if you qualify for the Mortgage Debt Relief Act!

Apr 18, 2011

Hauser Keeps Helping Homeowners!

11 Brookside Dr, Foxboro, MA
 SOLD as SHORT SALE - $135,000

Facing Foreclosure?

Owe More On Your Home Than What it's Worth?

We CAN Help! And We DO Help!

Call Us TODAY at 781-738-0048 for a Free Private Consultation!

Apr 13, 2011

SSHS Proudly Helps Another Homeowner Avoid Foreclosure!

38 West Selden St, Mattapan, MA

SOLD - $118,000

"Hello Marina,  You were an "organized machine", extremely efficient, and your extensive experience in what it takes to close these kinds of deals really showed. Thank you again for your diligence. It was instrumental.
I'll look forward to working with you again.
Daniel G. McAuley, Jr,  Attorney at Law"

Mar 28, 2011

Another Succesful Short Sale By SS Home Solutions!

19 Paula Lane, Haverill, MA
SOLD - $185,000

“South Shore Home Solutions did an outstanding job making the purchase stress free for my buyer.  Short sales aren’t supposed to be this easy!  Marina Hauser is a gifted real estate professional who understands all facets of real estate transactions and the processes it takes to be successful, especially with short sales.”

- Law Office of Thomas J. Sullivan

Feb 16, 2011


1,800 Sq Ft in Hyde Park for $229,000???

Yup, It's True! Don't wait, schedule a showing TODAY!
64 Thatcher Street, Hyde Park, MA

Very large single family cape in desireable Hyde Park neighborhood. Home features large bedrooms, 1.5 bath and newer furnace & mechanicals. Property on a corner lot with plenty of off street parking and a roomy storage shed. This home is being sold as a short sale, "AS IS" w/ no representations/warranties by the seller. Buyer must perform his/her own due diligence at his/her own expense. There is a $5,000 short sale negotiation fee due from the buyer that is not part of the purchase price.

Contact Us at SSHomeSolutions@gmail.com for more info.

Feb 9, 2011

30% of Mortgages Are Underwater

NEW YORK (CNNMoney) -- Sometime, somehow, the foreclosure crisis will ease. But probably not anytime soon.

Home prices dropped 2.6% nationwide during the last three months of 2010, pushing more borrowers underwater, according to a quarterly real estate market survey from Zillow.com.

Now 27% of homeowners with mortgages owe more than their homes are worth. That's up from 23.2% a quarter earlier.

That will surely lead to higher foreclosure rates soon. That's because being underwater is second only to unaffordable payments in leading to foreclosure, according to Zillow's chief economist, Stan Humphries.

Additionally, the report found that more than one-third of all homes were sold at a loss in December. That trend has been on a steady uptick for the past six months, as homeowners try to find ways around foreclosure or out from under their homes.

The so-called "robo-signing" events of the fall also forced the number of underwater mortgages higher.

When banks' foreclosure paperwork came under scrutiny, many halted all repossessions until they could straighten things out. With foreclosures no longer being cleaned out of the system, more homes stayed underwater rather than moving on to foreclosure.

If YOU are underwater and behind on your mortgage. Here are some of the benefits of a short sale are:
•A short sale allows your home to be sold, avoiding the stress and sometimes embarrassment of foreclosure.
•A short sale has much less of an impact on your credit than a foreclosure
•A short sale satisfies the debt that your owe to your lender(s)

We offer Free, Discreet consultations over the phone, at our office, or in your home and there is never any obligation.

Contact Us to see how we can can help you! (781)738-0048.

•We NEVER charge you ANY out of pocket fees. We are only paid by the bank when it closes.
•We have a 95% success in closing out short sales.
•You will ALWAYS deal directly with our team from the first phone call to the closing. We handle all of the negotiations ourselves and you will never be passed off to a third party.

Jan 20, 2011


Saturday, January 22, 1-3pm
CHEAPEST property in Foxboro!
FOR SALE - $159,900

WOW 20k price drop (failed title v) making this the cheapest property on the market in Foxboro! Fantastic rehab for a CASH BUYER ONLY. Top floor gutted and interior of property needs a full rehab. Exterior is in good condition. Conveniently located this home is being sold "AS IS" with no representations or warranties by the seller. Buyer must perform all his/her own due diligence at his/her own expense. There will be a short sale fee due outside fo close and cannot be financed.

See you Saturday!

Jan 10, 2011

For Sale - 19 Paula Lane, Haverill, MA


For Sale - $189,900

Lovely 3 bedroom, 1.5 bath colonial on cul-da-sac in sought after Riverside. Inviting farmers porch, first floor laundry, cathedral master with walk-in closet. French doors lead to fenced in backyard featuring deck, patio, inground pool. Move- in condition.

Being sold "AS IS" w/ no representations/warranties by the seller. Buyer must perform his/her own due diligence at his/her own expense.

Click here for full property info!

Email Marina for questions and showing instructions @ sshomesolutions@gmail.com