Steve Capen's (scapen) Blog

St. Petersburg FL – GMAC, was the financing arm of General Motors. It was taken over by Uncle Sam and has been mostly privatized as Ally Financial. However, many people still have loans from the original GMAC. Some of these homeowners want to short sale, but are curious about how it works. Disco...

I am one of the leading short sale agents in my area and I get asked the following question quite often: If I short sale my home will I have to pay taxes on the debt forgiven? Now I am not an accountant and the first thing I tell people is that they need to speak with their accountant.  I will al...

http://money.cnn.com/2010/12/01/smallbusiness/small_business_hiring_adp/index.htm   Small businesses added 54,000 jobs last month!  This is a great sign for the housing market.  Here in the Tampa Bay area our values have declined over 50% and are still declining.  I always get asked "Has the mark...