When home buyers picture buying a home the last thing on their mind is a foreclosure. With so many foreclosures saturating the market today, the average home buyer is bound to come across a few in their search. Although most people shy away from buying a foreclosure, the potential benefits in purchasing one could be  … Read more

Debt is tricky business, especially when tax time rolls around. Did you know that you might be liable for taxes on debts that were written off? Did you know that if someone owes you a debt it may be eligible to become a deduction? These are two very important aspects during tax season that could  … Read more

As a mortgage debt solution, short sales are becoming increasingly popular. Bringing  more money for the lender and less risk associated with foreclosure, short sales also have the potential to save neighborhoods from plummeting home values. Although not the preferred solution for the seller, a short sale can still help remove them from a bad  … Read more

Credit cards are the most commonly held source of debt among Americans today. While carrying some debt is beneficial to your overall financial health, too much debt can be damaging. Before ending up in credit negotiations or a debt settlement situation, take precaution to watch your credit card spending and avoid the following debt traps:  … Read more

Mortgage debt, underwater homes and foreclosures are a huge problem in the housing market today. Loan modifications and short sale options haven’t been the most popular with lenders, leaving many people stuck in a home they can’t afford. With options limited for some homeowners, a new program could just be the answer. Owning To Rent  … Read more

Tax time brings lots of anxiety for many Americans. Not knowing whether you will get a refund or owe can be nerve-racking . If you expect to owe this year, or are facing old tax debts that haven’t been paid, there is no need to worry. The IRS offers a plan to help you repay  … Read more

As if all the trouble with unlawful foreclosures and mortgage debt relief scams haven’t caused enough trouble, a new scam is brewing taking advantage of those who already suffered at the hands of lenders or third parties. As the $25 billion mortgage settlement scam is just gearing up for distributing funds and  making amends, scam  … Read more

New foreclosures are hovering around prior rates and old foreclosures are still sitting stagnant. Most people assumed that foreclosure sales would increase this year as so many properties are sitting and waiting to give a potential buyer a great deal. So far this year the number of foreclosure sales has been highly disappointing, but a  … Read more

The federal programs designed to help homeowners struggling with  mortgage debt have received much criticism over their less than fruitful effect. However, a new report shows that the problem may be that consumers simply don’t know about the existence or availability of such programs to begin with. Frightening Facts One-fifth of all mortgages are underwater  … Read more

While short sales have yet to gain the accolades they warrant in some cases, the truth is that an increase in short sales is a good sign. Mortgage industry experts agree that short sales are an indication that the foreclosure crisis may be headed to a close and the market may be headed to a  … Read more