The real estate market has had some signs of recovery in the last few months, but plenty of concerns remain. The biggest issue currently looming over the future of the market is what will happen to all of the foreclosures. The market is saturated with foreclosed homes, many of which are considered undesirable for many  … Read more

Tax season is over, which means one of two things. You either received a tax refund check or you owe the IRS. Owing the IRS is more common than you might think, and not being prepared for that additional cost is also becoming more commonplace. The trouble with tax debt is that people are often  … Read more

The first quarter of 2012 reports are in and showing foreclosure filings have fallen to their lowest levels since 2007. While the number of new foreclosures are slowing to levels prior to the housing market collapse a few years ago, this new data has brought both hope and skepticism to the struggling industry. Good And  … Read more

The volatility of the mortgage industry has brought a sour taste to the mouths of many Americans. After big lenders took over headlines, not much is left to be desired in terms of home ownership. However, there have been a few positive points worth mentioning in recent months. Rays Of Hope First, the Federal Trade  … Read more

If you ask anyone what comes to mind when they hear the word “foreclosure”, they would certainly not describe it as “friendly”. A deed in lieu transaction is what is commonly referred to as the friendly foreclosure because it  is often less damaging to the homeowner than a traditional foreclosure. The Basics A deed in  … Read more

Short sales aren’t viewed in the harsh light as they once were. These days buyers and sellers aren’t as hesitant to pursue a short sale, even banks and lenders are becoming more keen on the idea. Best Of A Bad Situation For those facing foreclosure a short sale may not initially appear to be on  … Read more

The government has worked hard to ensure that all consumers have free access to their credit report on an annual basis. However, few people actually take advantage of this privilege. Even worse, less people pay attention to their credit report at all unless they are applying for credit. Keeping a close eye on your credit  … Read more

The government is looking for new ways to help homeowners avoid foreclosure. While many steps have been taken to make mortgage modification and refinancing offers more available, there is still much to be done in the avenue of consumer education. Now, the government has proposed several new changes to mortgage lending rules that are designed  … Read more

If you haven’t already done your taxes time is running out, but before you submit your return you should consider whether you will face any additional liabilities. In general, there are two very important questions to ask before filing your return. Do I owe taxes on a foreclosure or short sale? If you are one  … Read more

Second mortgages became quite common right before the recession and foreclosure crisis hit. Until then, such loans were not considered overly risky by either borrowers or lenders. As mortgage trouble has continued to plague the economy for the last few years many people are not only in debt with their first mortgage, but also their  … Read more