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Example Letter to a Mortgage Company Requesting a Loan Modification

Example Letter to a Mortgage Company Requesting a Loan Modification November 2, 2012 If continuing to pay on your mortgage has become a hardship, as it has for millions of homeowners, you have some choices. You can of course let … Continue reading →

Mortgage Forgiveness Debt Relief Act 2015

Mortgage forgiveness debt relief act 2015

So far, we have been very fortunate that our government has extended a tax program, for the past 8 years, that will eliminate a taxable mortgage debt that would have been treated as ordinary income namely, the Mortgage Forgiveness Debt … Continue reading →

Which States Allow Deficiency Judgments?

states allow deficiency judgments

Most states allow deficiency judgments and unless the homeowner understands the foreclosure laws in their state, they may be pursued by their former lenders to make payments on an outstanding balance. That is why, it is important to review the … Continue reading →

30 Year Fixed FHA Refinance Rate: for borrowers with Negative Equity

30 yr fixed FHA refinance rate

 FHA continues to offer a 30 year fixed FHA refinance rate loan program designed to help “underwater” homeowners who owe more on their loan balance than the property is worth. The program was created to give homeowners a better opportunity … Continue reading →

Buy Back Your Home with a Principal Reduction Program

Freddie Mac Official Dead

There are those who balk at the thought of granting cramdowns to “undeserving” homeowners who defaulted on their mortgages. But cramdowns are not about making things more fair —cramdowns are about restoring normalcy to the housing market, particularly reducing those … Continue reading →

How To Rebuild Your Finances After A Foreclosure

Have you recently been the victim of a foreclosure? Are you wondering where to go from here? Losing your home to a foreclosure can be a testing time in anyone’s life. Although coping with such financial setback is never easy, … Continue reading →

TILA Rescission is Changing Foreclosure Defense


If you are a victim of foreclosure, you can’t afford not to read this article. It may help you. ====================== At least one case in bankruptcy has been reopened because of the new Supreme Court ruling on TILA Rescission. Like … Continue reading →

How do You Protect Yourself Against a Foreclosure Deficiency?

foreclosure deficiency

If you have been foreclosed upon within the past seven years, check out this video and learn how you can protect yourself against a deficiency. Continue reading →

Hands Up. Don’t Foreclose.

Outrage has died down in Ferguson, Missouri, where a white police officer fatally shot an unarmed African-American teenager last summer. Protesters and the national media have largely left town. Yet, Ferguson still struggles with a costly burden: 51% of homes … Continue reading →

How to Get a Mortgage With Bad Credit

bad credit mortgage

If you have a credit score that’s considered fair, poor or even bad, you may be assuming that qualifying for a mortgage is out of the question. While that’s true for some would-be borrowers who need to improve their finances … Continue reading →

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