Applying for a mortgage is no small task. Besides individual differences in an applicant’s qualifications, there are differences in how lenders consider income. Lending giants Freddie Mac and Fannie Mae impose their guidelines on income interpretation and what is considered to qualify on smaller lenders, but even these lenders vary among their application of these  … Read more

As if Florida hasn’t had more than its fair share of foreclosure troubles over the last few years, a new scam is popping up causing more trouble for homeowners. Some homeowners who have attempted to resolve their debts through deed in lieu of foreclosure transactions are finding that their debt cancellation letters are falsified or  … Read more

The expiration of the current tax bill allowing homeowners to skip tax consequences of short sales and foreclosures is a pressing matter in the White House these days. Some are for the renewal of the tax bill allowing for more homeowners to benefit while helping continue real estate recovery, while others are strictly opposed to  … Read more

It is common knowledge that a foreclosure can be damaging to one’s future in lending. While a foreclosure itself isn’t going to keep you out of the realm of borrowing in the future, it can be a more challenging experience. Knowing what to expect at your next mortgage application after a foreclosure can help you  … Read more

In today’s economy more people are seeking credit negotiations in order to gain control over their finances while the work to resolve their debts. While this strategy is effective for many people, there have been cases in which choosing the wrong company to assist in negotiations ended up in a scam. Unfortunately, there are non-reputable  … Read more

Contrary to popular assumption, getting a mortgage after a bankruptcy is not impossible. While you may not obtain the best loan terms you will still be eligible to borrow  for a mortgage. The trick is finding the right lender who can offer the best loan for your situation. Getting It Right Before you run out  … Read more

As one of the hardest hit states by the deluge of foreclosures, Florida’s  legal system is expected to be tied up for the next several years processing properties and resolving lawsuits over fraud. One legal expert is describing the devastation left behind as “Florida’s Category 5 foreclosure hurricane”. Far Reaching Effects Families are forced out  … Read more

Once playing for one of the most notable teams in the league, Dallas Cowboys, Owens has found himself without the luxuries the NFL has to offer. Having once earned $80 million in his football career, the former star is playing for a minor league team and fighting to keep two of his Dallas properties out  … Read more

Economists are predicting that 2012-2013 will be the ” Year of the Short Sale”, which comes as better news than 2011 being the “Year of the Foreclosure”. Despite low property values and record underwater mortgages, lenders have been persistently encouraged to allow homeowners to pursue more mortgage relief solutions this year. Hopefully, this year will  … Read more

In today’s economy making a living as a farmer is tough enough, but dealing with mortgage debts on the farm land can be quite tricky. Farmer must not only make profits to make their living, but their entire income potential is the base for their home and workplace. Owning a farm means working and living  … Read more