If you’re a homeowner, savvy investor, Realtor, accountant, or in any way concerned about the US housing market, chances are you’ve heard of the Mortgage Forgiveness Debt Relief Act of 2007. Passed in (you guessed it) 2007, this Act is centered around one main idea, but broken into two separate scenarios.
Well the inevitable has happened! Homeowners who received home loan modifications in the past several years are beginning to default on their modified loans at an alarming rate. In fact the pattern of homeowners going from default to modification then back into default is becoming so prevalent that society has seen fit to give it […]
In the business world it is common for products and services to be rolled out in phases. The first phase is generally more manual and labor intensive, as the business is eager to get there service/product to their clients as quickly as possible to maintain their reputation for being on the cutting edge and providing […]
As we approach the deadline to file a lawsuit against the “big” banks for their alleged fraudulent behavior and activity, with regards to their involvement in the housing market crash, we are starting to see a new round of promises for retribution from government “heads” across the country; but are the promises sincere or […]
Many homeowners are finding themselves in dire straights. More specifically they are finding themselves having to choose between foreclosure or short sale. So which is the right choice for distressed homeowners in today’s market?
Hold on! It’s not what you think! While it may carry the same stigma and shock as it’s four letter cousin, the F word I am referring to is Foreclosure.