Tag Archives: HAFA short sale foreclosure

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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Time is Running Out: How the Mortgage Debt Relief Act can save you!

In 2007, the Mortgage Debt Relief Act was passed in an attempt to help the millions of homeowners who, due to the housing crisis and economic crash, suddenly found themselves in danger of losing their home to foreclosure. The act … 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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Short Sale = not Bank Owned

In general when you see overviews of Distressed Sales, REO/bank owned sales are put together with Short Sales. This might give the false impression that a Short Sale is a bank owned sale. However, a SHORT SALE IS NOT OWNED … Continue reading

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