If you’re a homeowner, savvy investor, Realtor, accountant, or in any way concerned about the US housing market, chances are you’ve heard of the Mortgage Forgiveness Debt Relief Act of 2007. Passed in (you guessed it) 2007, this Act is centered around one main idea, but broken into two separate scenarios.
If you missed the President’s “speech” on Zillow.com this morning, or are just looking for some analysis on the conversation, you have come to the right place! At 10 am this morning on Zillow.com/whitehouse, Zillow CEO Spencer Rascoff had the opportunity to sit down with President Obama and host a Q&A session regarding the housing […]
Well it seems that what we all suspected was in fact true! According to a former Bank of America employee, Loss Mitigation Specialists were told to delay the Home Affordable Modification Process (aka HAMP) and were even given bonuses for foreclosure initiations!
Before we begin I am going to ask that all of you do as I did when sitting down to write this article: clear your mind of political affiliation/bias, and look at the facts as objectively as possible. Whether you are a fan of President Barrack Obama, or absolutely loathe him, is neither here nor […]
Are you winning the fight but losing the battle?
Hold on! It’s not what you think! While it may carry the same stigma and shock as it’s four letter cousin, the F word I am referring to is Foreclosure.
Is the HARP Program going to be the savior that it is meant to be for the housing market or is it just delaying the inevitable?
