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Get Free Foreclosure Advice In Minutes
Get your free on-line foreclosure refinance quote and foreclosure help in minutes. Explore your options and compare ways to prevent foreclosure... more...
Selling at a Short Sale and the Possibility of Getting a 1099 Income Statement
When homeowners attempt to sell their house for less than the total amount they owe on it, certain tax liabilities may be triggered. This is one of the reasons that every foreclosure victim should carefully consider whether selling their house short is the right decision for them, and what other ...
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What the Mortgage Forgiveness Debt Relief Act Means For You
On December 20, President Bush signed a law that is meant to help homeowners who are facing foreclosure or who sell their homes in a short sale. Before this law, the Mortgage Forgiveness Debt Relief Act of 2007, if your bank or lender forgave a portion of your mortgage debt because the value of ...
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Short Sale 101
This occurs when the net proceeds from the sale of a home are not enough to cover the sellers' mortgage obligations and closing costs, such as property taxes, transfer taxes, and the real estate practitioner's commission. The seller is unwilling or unable to cover the difference. Some ? although by ...
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More Than One Mortgage Company Filing Foreclosure at Once
"When it rains, it pours." Homeowners with more than one mortgage who have fallen behind on all of them know that old cliche possibly more than anyone else. When a financial hardship comes up, and there is not enough income to make all of the mortgage payments, more than one of the lenders may ...
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Mortgage Forgiveness Act Provides Income Tax Relief To Foreclosed Homeowners
What's positive about being foreclosed upon or selling your home for less than you owe? Well, for most people, not much. Yes, you are relieved of an onerous mortgage loan and you are now free to find housing that is more affordable within your budget. But not everyone fully understands the ...
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Avoid Foreclosure By Giving Up Your House
Do you have questions about a short sale, a deed-in-lieu of foreclosure, or tax penalties? Have you been approached by someone who wants to charge money to help you? Are you being pressured to sign over your deed? In Part 1, you created a file folder so you are prepared to deal with your lender, ...
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Tax Lien Foreclosures
Almost everyone has heard about foreclosures but not too many have heard about tax lien foreclosures. This type of foreclosure results from non-payment of taxes due to property, income other taxes put against any type of property. If foreclosure occurs, more likely than not the original property ...
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Mortgage Lenders Are Dropping Like Flies With Their Little Legs Turned Up And Kicking
In the wake of negative news after negative news stories filling page after page of print media coupled with negative outlook stories air time on radio and TV the public is found pacing the floor wondering what is going on. Fear can be a crippling emotion to many would be investors who thought ...
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Property Taxes, Hazard Insurance, HOA Fees, and Foreclosure
When homes go into foreclosure, the owners are often far more worried about the mortgage payment than anything else. There are numerous costs involved with owning a house, though, and all of these need to be paid before and during the foreclosure. If they are not paid, and the homeowners are able ...
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Foreclosure Auction
A foreclosure is a legal proceeding in which a bank or lender sells or repossesses a property due to the owner's inability to comply with the mortgage or deed of trust payment schedule. Banks and other lenders usually consider a mortgage to be in default when payments have not been made for several ...
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