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DENTON COUNTY HOME RESCUE - Saving Homeowners from Foreclosure....One Home at a Time! Have you lost your job? Do you have an ARM loan that has your interest rate so high you can't make your payments? Are going through a divorce or seperation and can't pay your house payment? Are you currently behind on your house payments? Are you considering bankruptcy? Have you been served a pre-foreclosure notice from your mortgage lender?  We want to welcome you to the site that could very well be the answer to your foreclosure nightmare! Short Sale- process by which a homeowner with a delinquent mortgage, through the assistance of an agent, may negotiate an offer with their bank to settle for less than the amount owed on the current mortgage and therefore escape the foreclosure process. Bottom line is banks don't want to take homes back. For every home they foreclose on that is money that they can't lend on til its resold. Banks are willing to take less than what is owed in effort to avoid the foreclosure. What does this mean to you? It means you can list your home with a Licensed Real Estate agent who is a Short Sale Specialist (like us) and sell your home for less than what is owed with the bank paying your closing costs and Realtor fees. We know what your are saying "no way" - yes way! We have trained for over a year to negotiate with banks and list homes at prices that generate offers that banks will agree to do short sales on. We have several satisfied clients in all areas of TX all who would be happy to share their experiences with you. We really want to encourage you to contact us so that we can see if you meet the criteria for a short sale. - "A short sale is a proactive way of going into foreclosure" with a short sale you just aren't turning your back and walking away with out a fight. This is your credit that you are trying to save. Many people have came to this site just to shy away. Here is your opportunity to save your credit and keep the word foreclosure from haunting you for the next 7-10 years! This is a FREE service that the banks are actually doing for homeowners in distress! If you are currently in your first month in default or sometimes your second month then you probably have less than 90 days before you lose your home to sale on the courthouse steps. Please take advantage of at least contacting us and asking any and all questions you might have. We are a group of licensed Realtors with Keller Williams. We look forward to hearing from you. Please don't wait, time is not on your side during the foreclosure process. If you are reading this and you know you are about to start missing payments please contact us! The sooner you get your home listed the more time we have to get offers that meet the banks thresholds and save you from the dreaded foreclosure. If you know someone that is having difficulty making their payments, be a friend and tell them about our services.  Benefits of a Short Sale Include: 1. You are forgiven a large portion of the amount owed on the loan. 2. You lessen the decline in neighborhood property values and spare the equity of nearby homes. 3. You decrease the hit to your credit score from approximately 300 points for a foreclosure and only 80-100 points for a short sale. 4. Your credit report reads a “paid lien” or “paid judgment” and is much easier and quicker to repair than a bankruptcy or a foreclosure. 5. You owe nothing to sell the home (no commissions). 6. You stay in the home during entire approval process (1-6 months). 7. You help the economy as a whole and the real estate market overall! Do you have a question? We can help. Our information is FREE! Simply fill out the form below and we'll contact you with the answer, with NO OBLIGATION to you. As always, we guarantee your privacy! 
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First Time Buyers >Your Principal Residence
The Federal Tax Code allows married taxpayers to exclude from capital gains taxes up to $500,000 in profits from selling a home (singles can exclude $250,000). In order to qualify for this exemption, you must prove that that the home has been your principal residence for at least two out of the last five years. The establishment of the home as a principal residence depends on the facts of each homeowner's circumstance. Here are two cases to consider.
Homeowner A has lived at 25 Pine Drive for 12 years. Although he stays at his vacation cottage in another town for up to three months out of each year (sometimes more), 25 Pine Drive is his principal residence, where he lives most of the time. When he sells the home, Homeowner A (filing as a single individual) can keep up to $250,000 in tax-free profit.
Homeowner B buys 108 Maple Street, intending to live there. He rents it out while waiting to sell his current home, where he has lived for six years. His principal residence sells at the end of two years. Homeowner B moves into his new house, lives there for three months, and then decides to travel. After a six-month trip, he regrets buying 108 Maple Street and sells it. Even though he has owned the house on Maple Street for over two years, it won't qualify as "owner-occupied", because he only lived in it for a few months. Thus Homeowner B is not eligible to claim the tax exemption when he sells the house on Maple Street.
Consult your tax advisor for advice about your particular circumstance.
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What is a "smart home"?
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A "smart home" is equipped with structured home wiring packages that control the home's systems via networked technologies. |
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