It wasn’t that long ago when homeowners scoffed at the idea of a short sale and buyers were too scared of the idea to put in an offer. These days short sales are becoming more commonplace and many are finding they can offer good benefits in a bad situation. A Win-Win For homeowners with an  … Read more

Negotiating debts may seem intimidating, but it doesn’t have to be. In fact, creditors are often far more willing to negotiate debts than you might think. Although they may play hardball in the beginning, getting them to compromise can be done. All it takes is a little knowledge and know how, having a few traits  … Read more

Homeowners struggling with mortgage debt know just how tough it can be to secure a loan modification or foreclosure alternative deal with lenders. So why are so many people ending up victims of modification scams? The Con With a few legitimate federal programs floating around offering help to homeowners in need, more fraudulent modification companies  … Read more

As one of the hardest hit states by the foreclosure crisis, Nevada has had to up their efforts to protect homeowners and help spur recovery in the market. After several lawsuits were filed a few months ago, the cases have been tossed around between the courts. Keeping It Local Currently in the middle of several  … Read more

Millions of Americans have suffered at the hands of the wrongful foreclosure problem that spread across our nation over the last few years. As just one of the kinks in the chain of the foreclosure crisis, this issue has left many without  a home and in deeper financial trouble. Luckily, there has been much attention  … Read more

In 2007, the Mortgage Debt Forgiveness Relief Act was implemented allowing for homeowners to exempt forgiven debts from being taxable as income. This bill is set to expire at the end of 2012, which could pose some problems for future homeowners. However, there are a few ways to ensure that the possible expiration of the  … Read more

The mortgage lending industry has struggled to retain profitability throughout the foreclosure crisis. Although their role in the overall problem has lead to serious consequences for homeowners, most of it was driven by simple business strategy. After much criticism, and some convictions for fraudulent practices, many lenders are beginning to open up to alternative solutions  … Read more

Mortgage fraud and foreclosure scam issues have been top news for quite some time, but recent statistics reveal how deep the problem really goes. The FBI has taken part in the investigation and prosecution of mortgage fraud cases, highlighting the serious nature of such problems. Shocking Statistics Strict lending requirements, sinking home values and a  … Read more

While many are scrambling to find a solution to the foreclosure crisis that has plagued the nation over the last few years, new evidence is coming to light about where some of the potential gaps in the system might be. Without forgetting the role stingy lenders have played in the mess, it has been discovered  … Read more

The mortgage debt crisis has sparked much debate among policy makers. While the government is working to slow down and even reverse the effects of the foreclosure epidemic, many are bringing forth ideas intended to produce change. One idea receiving heavy attention is that of mortgage principal write downs. Help For Sinking Mortgages With a  … Read more