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.
Well the inevitable has happened! Homeowners who received home loan modifications in the past several years are beginning to default on their modified loans at an alarming rate. In fact the pattern of homeowners going from default to modification then back into default is becoming so prevalent that society has seen fit to give it […]
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!
In the business world it is common for products and services to be rolled out in phases. The first phase is generally more manual and labor intensive, as the business is eager to get there service/product to their clients as quickly as possible to maintain their reputation for being on the cutting edge and providing […]
As we approach the deadline to file a lawsuit against the “big” banks for their alleged fraudulent behavior and activity, with regards to their involvement in the housing market crash, we are starting to see a new round of promises for retribution from government “heads” across the country; but are the promises sincere or […]
Despite being a world class, gold medal Olympic swimmer Ryan Lochte still has to deal with the reality that many Americans face: Foreclosure
Many homeowners are finding themselves in dire straights. More specifically they are finding themselves having to choose between foreclosure or short sale. So which is the right choice for distressed homeowners in today’s market?
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.
Attorney Kamala D. Harris is trying to pass legislation against the mortgage companies to “help” consumers and communities cope with our state’s foreclosure crisis.
The Federal Reserve is going to unprecedented lengths to shore up the housing market, and in their latest announcement it seems that they want to spend more Taxpayer money to do so!
