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

Working to resolve mortgage debts can be quite tricky for many people. While short sales provide an alternative to foreclosure, they are not the easiest process to navigate. It is the homeowner’s job to secure the best offer on the property to present to the bank, if they are to hope for the lender’s acceptance.  … Read more

Anyone suffering from mortgage debt or a possible foreclosure knows just how stressful finding a solution can be. Not wildly popular in the past, short sales are now becoming more commonplace in a struggling market. However, the process is riddled with hurdles for the homeowner. Knowing these few secrets can help ensure a successful short  … Read more

Short sales have never been the foreclosure alternative of choice among homeowners or lenders until recent years. As more homeowners were denied loan modification options or other mortgage debt solutions, short sales have gained popularity. However, they weren’t accepted without caution. In the past, short sales have been subject to some significant tax issues.    … Read more

Short sales are gaining popularity among both delinquent homeowners and lenders as an alternative to foreclosure. While not everyone is happy to participate in the process, most have come to the realization that losing a home to short sale is minimally damaging compared to a short sale. However, most homeowners shy away from the process  … Read more

Just a few years ago a short sale was something very few had heard of and even less actually agreed to pursue. The mortgage debt crisis has forced our hand on many occasions in the past few years making us more likely to consider options we would have once rejected. Even as foreclosures hit all  … Read more

When working with lenders to resolve mortgage debt, they can be quite picky. In fact, it isn’t uncommon for a debtor to apply for a short sale or submit a short sale offer and the bank to deny it. Why? Because the lender wants to regain as much of their lost loan as possible. However,  … Read more

A short sale can be a good foreclosure alternative for those who have the time and financial means to wait out the process. While many people find the process to be complex, there are a few standard procedures for sellers in the short sale process. However, it is important to note that each lender has  … 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

Until now, the short sale process has been riddled with waiting games and lender hang-ups that caused homeowners undue stress in an already overwhelming time. Consumers who are working through a short sale as a means to avoid foreclosure will soon see improvements in the process. Changes Ahead Big lenders have decided to make a  … Read more