Mortgage debt relief act extended
For those of you in a facing a foreclosure, principle reduction, deed-in-lieu of foreclosure, or short sale. on your home, the debt forgiveness act of 2007 has been extended for another year. Under the IRS tax code forgiven debt was treated as income subject to federal income tax. Homeowners who get their mortgage debt forgiven.. read more →
BofA 2,500 to 30k in short sale relocation funds
Short Sale Relocation Assistance Program: Bank of America to offer $2,500 to $30,000 in relocation assistance If you currently have a Bank of America mortgage and would like to short sale your home to avoid foreclosure, you may received relocation funds.Bank of America has announced that for a limited time, they are offering enhanced relocation assistance payments in which.. read more →
Short sales may become shorter.
I never hold my breath when it comes to new short sale legislation, it was announced today that 5 of our biggest financial institutions have agreed to some new conditions for short sales. http://www.housingwire.com/article/ag-settlement-starts-clock-short-sale Here are some of the new requirements for servicers under Attorneys General foreclosure settlement : Servicers must provide borrowers with.. read more →
A buyers question Can I use several different agents?
The answer is no, PLEASE DON’T! Interview a few agents and then when you find an agent you feel comfortable and you feel will work hard for you then stick with them. Did you know that any agent in the mls, in the area that you are looking in can show you a house. They.. read more →
5 Strategies to Rebuild Your Credit after Foreclosure
Rebuild your credit after foreclosure read more →
Before Selling Your Home
Certain important steps need to be taken before you put your house on the market.These simple steps will better prepare you to sell your home and make the task easier. Home Loan Approval for your next Home It is never a good idea to sign a contract to sell your home before you are fully.. read more →
