Florida homeowners have been told they have a new wave of hope coming their way to help avoid foreclosure. As so many other homeowners around the nation have experienced, Florida residents have also found securing a loan modification to be extremely difficult or virtually impossible. With the threat of foreclosure pounding the shores of so  … Read more

When reviewing options to avoid foreclosure, there are many things to consider. Each option comes with different benefits and risks that could impact your financial future and likelihood of ever obtaining a mortgage loan again. Further, there are very different qualification standards for loan modifications, short sales and deed in lieu transactions. While a deed  … Read more

If you are like most Americans, you may be confused by all of the different mortgage relief options available. Besides the various options, finding out which  one is best for you and your financial situation can be even more overwhelming. One thing is clear, you want to avoid foreclosure. Before agreeing to anything, review the  … Read more

You are significantly in debt. You have missed several payments and don’t expect to be able to catch up any time soon. First, know that you are not alone. This economy and poor money management on our part has lead many into credit negotiations. So why pay someone to help negotiate your debt when you  … Read more

Some good news appears to be on the horizon as foreclosure filings fell last month. As the U.S. housing market faces a tough road ahead, many are optimistic that the worst is behind us. However, a detailed look into the past foreclosure patterns reveals some shocking statistics. In The Numbers Recent efforts to help homeowners  … Read more

Despite increased government efforts to help underwater homeowners, many are still finding themselves denied for loan modifications and in foreclosure. The Home Affordable Modification Program (HAMP) is just one of a handful of federal programs designed to help homeowners, but whose efforts have been disappointing at best. Barely one-third of homeowners who would qualify for  … Read more

In general, a short sale transaction can be a good alternative for some who are unable to secure loan modifications and want to avoid foreclosure. However, they aren’t the easiest process to navigate and can leave you short in the end if not handled properly. Tax Considerations Selling a home through a short sale causes  … Read more

Most of us begin to get anxious this time of year as tax season approaches quickly after the New Year. Tax debts and payments can be a stressful matter for anyone, especially if you already hold thousands in unpaid taxes. Whether you are looking to reduce your 2011tax debt liability or maximize your refund, there  … Read more

Have you had trouble with your credit card company? Have you had to dispute information or wrongdoing with a lender? Were you turned down by a creditor for debt negotiation despite your good faith effort to prove financial hardship? If you answered “yes” to these questions, the good news is that you are not alone.  … Read more

If you owe the IRS money, you know how stressful it can be to try and manage your tax debts. Fortunately, the IRS offers two programs to help resolve unpaid taxes. However, the installment plan and Offer In Compromise programs may not be much help if the bulk of your taxes is due to IRS  … Read more