Category Archives: Making Home Affordable

Mortgage debt relief act, and beyond…

You might not remember, in 2007 the Mortgage Debt Relief Act was passed, helping homeowners who sold their home for less than what they owed. The Mortgage Debt Relief Act of 2007 generally allows taxpayers to exclude income from the discharge … Continue reading

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Loan Modification: are you sure?

I had a meeting with a homeowner who accepted a perfect loan modification last week. Some thoughts to share: A Loan Modification is what a lot of homeowners in distress are wishing for. However they can be quite stressful and … Continue reading

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$ 8,000 Tax Credit, did you take advantage of it?

Who doesn’t want to take advantage of Tax Credits? Remember the Federal Tax Credit programs offering $7,500 and later $8,000 to first time home buyers? A lot of Home Buyers did take advantage of it. There are some hick-ups with … Continue reading

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60% of all Foreclosed Homeowners….

On March 29th, Alex Charfen from the CDPE Institute did a webinar with Rick Sharga from RealtyTrac – the leading online market place for foreclosed properties. Besides the fact that foreclosure activity has increased on a year-over-year basis for 52 … Continue reading

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Loan Fraud and Short Sale Fraud

An article in the SF Chronicle caught my attention this morning : 10 indicted in Calif. alleged real-estate scheme. When money was cheap and pretty much everyone could get  mortgage, the so called ‘golden years’ (they were not golden by … Continue reading

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