Good news continues to pour in for homeowners everywhere as nationwide foreclosure rates fall to an 11-month low. In some portions of the country, the low foreclosure rates are nearing a 2-year record as the economy and housing market recover. The national rate fell to 2.9 percent and is 1.2 percent lower than the similar  … Read more

Since 2009, over 900,000 Americans haven’t filed a tax return. With April 15 right around the corner, taxpayers only have a few weeks to file for their returns this year and claim the $917 million in unpaid tax returns. The IRS announced that with nearly $1 billion in unclaimed refunds, many taxpayers have the opportunity  … Read more

With unemployment persistently knocking the 10% benchmark, many Americans are struggling to pay back their debt. From credit card debt to student loans to mortgages, there are many bills that Americans don’t have the income to pay. Wisely managing finances and debts while unemployed can help accelerate the road to recovery and prevent unwanted problems.  … Read more

When homeowners fall behind on their mortgage payments, the threat of a foreclosure or bankruptcy becomes overwhelming. To avoid these problems, many homeowners decide to pursue a short sale. Despite the name, short sales can take up to several months to materialize. Even after all the time and effort, however, just one mistake can lead  … Read more

According to the latest reports by the Federal Reserve, US consumer debt is up in 2013. During the month of January alone, debt was up $16.2 billion. This brings the national total to $2.8 trillion, a new record. The two largest contributors to this growth in debt are student and car loans. Fortunately, credit card  … Read more

Most people use a mortgage modification to avoid a home foreclosure. While helpful in terms of financing your home, a mortgage modification also poses a risk to your credit score. However, becoming delinquent on mortgage payments causes damage to your credit as well, creating a tough choice for homeowners who are falling behind on their  … Read more

You signed up for credit cards to help you out of your financial situation, but now your cards have created a financial mess of their own. What are the possibilities to escape? Fortunately, credit negotiation is not as difficult as you might think, and if done properly can greatly alleviate your financial predicament. By taking  … Read more

Receiving a statement from the Internal Revenue Service for tax debt can be a surprising experience. Aside from the pressure of having to deal directly with the IRS, people might be caught off guard by the penalties and interest added to their tax debt. If left unmanaged, tax debt with the IRS could result in:  … Read more

Even after seeking a loan modification or professional guidance, a home foreclosure sometimes becomes unavoidable. Whether you’re working to avoid a foreclosure or have recently experienced one, it’s important to understand how it impacts your credit score. Unfortunately, credit bureaus are often uncommunicative about exactly how mortgage delinquencies affect credit scores and history, so the  … Read more

Loan modifications continue to be an amazing option for distressed homeowners trying to avoid foreclosure. A loan modification might be the most important thing you do while saving your home, so it’s important to do it right! However, despite the number of qualified homeowners filing applications, countless mortgage loan modifications are denied because of the  … Read more