One of the major concerns for homeowners going through a short sale or deed in lieu of foreclosure has always been the potential for tax consequences. While a 2007 bill has provided for relief of such tax consequences, the expiration of the bill at the end of this year could bring trouble for homeowners. Mortgage  … Read more

The Home Affordable Refinance Program (HARP) has been in operation for a few years now, but previous efforts were disappointing at best. Recently, major changes were made to federal mortgage programs in order to help more homeowners find relief from their mortgage debts and avoid foreclosure. A Change For The Better A few program details  … Read more

Finding a way to successfully lower debts is one way to alleviate financial pressure while you work to repay your debts. Because not everyone needs bankruptcy in order to get out of debt, doing it yourself may seem like a scary thought. Actually, it isn’t as hard as you might think, but it does take  … Read more

The foreclosure crisis has hit the nation hard, but each city has suffered quite differently. From plagues of foreclosures in already rundown neighborhoods to million dollar foreclosures on high end streets, the flood of bank owned properties have caused trouble everywhere they lurk. One city is fighting to rebuild their community in the wake of  … Read more

Mortgage debts are difficult enough, but facing the numerous options available to help alleviate the financial stress can prove to be overwhelming. While loan modifications and refinancing are two options that are well known, a lesser known option could be the better solution. A Hidden Helper Forbearance agreements are not well known in the mortgage  … Read more

A new bill in Florida is bringing both supporters and critics as it attempts to speed up local economic recovery by also speeding up the foreclosure process. If the bill is approved homeowners currently at risk of foreclosure could face 30 day notices to vacate, a big change from way things were handled in the  … Read more

Faulty loan modification and foreclosure efforts, and fraudulent debt settlement services have plagued the nation in recent years.  However, this week marks good news for those who fell victim to several mortgage relief and debt resolution scammers. Having caused consumer losses near $40 million, The Federal Trade Commission has announced steep penalties for several companies.  … Read more

Mortgage debts are one of the most tricky types of debt to resolve when finances become tight. Being a secured debt the risk of foreclosure is high if debts are not repaid. Refinancing may not be an option if the homeowner is already in default and loan modifications can be hard to come by. When  … Read more

Just a few short years ago you would be hard pressed to find a home buyer that was open to a short sale. Carrying a reputation for being difficult and the assumption that there may be something wrong with the home, many people avoided short sales altogether. In today’s market short sales are becoming increasingly  … Read more

The much anticipated mortgage settlement brought some big news a few weeks ago when details were released. Some were pleased to find out there was a plan for a $26 billion payout for unlawful foreclosures and stubborn lending practices. However, critics soon surfaced pointing out many disappointing flaws inside the program’s details. Now there is  … Read more