The mortgage modification process can be tedious for many homeowners. There are numerous rules that lenders hold for qualification and approval purposes.  Many homeowners may face disappointment when applying for a loan modification. However, there are a few questions that can be asked prior to requesting an application from the bank that could save heartache  … Read more

While debt settlement isn’t for everyone, there are circumstances in which credit negotiations aren’t effective and debts are bad enough for bankruptcy. When a debt burden splits this line, settling debts directly with a creditor may  be an option. However, how you handle a debt settlement is extremely important in the outcome. In order to  … Read more

It has been months since any positive news broke about banks such as Wells Fargo and Bank of America. As two of several key players in the unlawful foreclosure and stubborn lending investigation, these two banks have recently announced plans to extend more options to homeowners in mortgage debt. Packaged Perks Wells Fargo and Bank  … Read more

After all the recent discussion surrounding the foreclosure and mortgage debt crisis, words come into play that some homeowners may not truly understand. While most of us have heard the term “underwater mortgage”, many do not realize all that is associated with this term. Besides drowning under a mortgage debt they cannot afford, being underwater  … Read more

Despite recent reports of the number of foreclosures slowing around the country, the fact remains that there are hundreds of thousands still in the process waiting to be completed. Several states are still wading through thousands of unfinished foreclosures after being delayed by the investigations of unlawful foreclosure practices. Unfinished Business While the $26 billion  … Read more

Last week an agreement was reached regarding the restitution actions for major lenders that participated in mortgage fraud and unlawful foreclosure practices. Perhaps the biggest multi-state settlement since the 1998 tobacco agreement, the $26 billion mortgage settlement has drawn much attention in terms of whether it will resolve the housing market troubles. Good For Some,  … Read more

Discussing your debts with creditors can be stressful. While some may offer a stubborn façade, the truth is many are more willing to negotiate than they originally let on. The key is knowing how to enter credit negotiations the right way. Before you begin debt negotiations, make sure you are prepared to do the following:  … Read more

Last week, states were given a tight deadline to either accept or reject the terms of the outlined foreclosure deal settled as the result of a lengthy legal battle. Each of the 50 states participated in the investigation of mortgage fraud and unlawful foreclosure practices, and each were given the chance to accept the terms  … Read more

While most people have heard of debt negotiation or settlement companies, a lesser known expert in the field of debt negotiations are lawyers. Most people never think about the idea of hiring a lawyer to represent them in credit negotiations. However, having a qualified professional on your side can be highly beneficial. Legal Representation Most  … Read more

Dealing with tax debts is not as hard as many people expect. The IRS offers two programs to help taxpayers resolve their unpaid taxes. They may even be willing to settle for less than is owed in some situations. When a taxpayer cannot afford to repay their full amount of tax debt, the IRS allows  … Read more