Mortgage loans come in many forms from conventional to FHA and VA loans. Each has their own set of eligibility standards and benefits, and each has their own drawbacks. When it comes to mortgage debt problems, the type of loan you carry could be the difference in finding help to avoid foreclosure. Detailed Differences A  … Read more

The $25 billion mortgage settlement between the nation’s five largest banks the 49 of the states is in full swing now. Already some $15.8 billion has been provided to those affected by unlawful foreclosures or mortgage debt troubles. Hundreds of thousands of homeowners around the country have already been helped, many more are waiting to  … Read more

For  many Americans, the mortgage interest tax deduction is important for maintaining fiscal health each year. Accounting for nearly 35% of most people’s total itemized deductions, the threat of losing this deduction could seriously impact the future of many families. With the current plan expiring at the end of the year, time is running out  … Read more

The IRS; a daunting creditor. If you owe money to the IRS you are in both a stressful and unique position for debt negotiation. While the IRS is notorious for implanting quick and steep consequences for unpaid taxes, you do have some control in the matter. Best Foot Forward Negotiating with the IRS over your  … Read more

In recent months the talk over reverse mortgages has gained momentum. With the new found refinancing craze in full swing, many lenders are also pushing reverse mortgages. But, what are they really about? A Closer Look One of the “perks” often described by advocates of reverse mortgages is quick cash. Basically, a reverse mortgage is  … Read more

Many families already dealing with mortgage debt problems will be facing additional struggles as they return to survey the damage left by Hurricane Sandy. The Governor of New York has issued a state-chartered program to help mortgage borrowers affected by the storm. Delaying Debt Troubles Banks and mortgage service providers will be delaying foreclosures and  … Read more

While you may find it surprising to think that a minor could have credit problems, the truth is that there are many instances in which minors have turned 18 only to find their credit in poor standing. How can this happen? and What can you do to prevent it? Be Mindful With the information and  … Read more

If you are suffering a financial hardship and are wondering about the risk of foreclosure, there are a few important aspects to know. From knowing how it works, to finding help, getting to know the basics can help you better manage your mortgage debt problems. At A Glance Before your home is ever entered into  … Read more

In a time where even the rich or healthily employed are having a hard time keeping finances in order, it is of no surprise that even a Supreme Court Justice could face mortgage trouble. What does come at a surprise are allegations she committed mortgage fraud in attempt to dodge foreclosure. FBI Investigates The FBI  … Read more

For many Americans, foreclosure comes as the result of unexpected financial hardships. For others, foreclosure can be a result of getting in over one’s head in a mortgage loan. Even those who may never experience the threat of mortgage debt, getting the best deal on a mortgage is always a good thing. Now, a new  … Read more