13th November 2009
When homeowners face foreclosure on a property they are renting out, tenants often begin to worry about the status of their home. Will the landlord be able to avoid foreclosure? Should the tenants stop paying rent? Will the new owner at the auction evict ...
12th November 2009
What is a foreclosure loan and how can it help you keep your property? A foreclosure loan is a loan that will replace your existing mortgage. This is the kind of loan that consumers seek when they are no longer able to make terms with their existing bank....
12th November 2009
In 2009, the Congress and the Obama administration revealed their newest plan to help families save their homes from foreclosure by encouraging mortgage modifications. This plan, called the Home Affordable Modification Program (HAMP) was designed to creat...
12th November 2009
If you are in foreclosure currently or far enough behind in your payments to worry about it, accessing foreclosure help needs to be your first priority. The very worst thing you can do is avoid dealing with your mortgage problems. One of the most common m...
11th November 2009
Homeowners who sell their homes through a short sale are often very concerned about the tax implications of the sale. The bank, by forgiving a portion of the debt, is then responsible for reporting the forgiven amount to the IRS as income to the borrowers...
11th November 2009
In some cases of foreclosure, there may be enough instances of misconduct by the lender to show that the entire process constitutes a wrongful foreclosure. Many states even have common law regarding this issue, as well as a cause of action specifically fo...
11th November 2009
If you want to ease your household costs, then debt consolidation or debt settlement are each excellent methods of lessening your unsecured debt costs. But with a loan modification, you can also reduce your house costs. Because your mortgage is likely the...
10th November 2009
Homeowners are often worried that the foreclosure process will never end. The bank will sue them, publish their personal financial problems in the newspaper, take their home back, evict them, and then sue them again for any deficiency from auctioning the ...
09th November 2009
Too many homeowners who have already lost their homes are looking for one final chance to get them back. They have contacted nearly every loss mitigation company, nonprofit organization, and government agency in the country, all of which have informed the...
03rd November 2009
As home values keep dropping yet property taxes keep increasing, tax foreclosure sales will become more common. Some homeowners experiencing double-digit percentage increases in their yearly tax burden, even as they are working fewer hours or taking pay c...
03rd November 2009
Although the main focus of the foreclosure crisis has been on residential homes and, increasingly, on commercial property, there is a large segment of the market that is covered by manufactured homes. Close to eighteen million people live in manufactured ...
03rd November 2009
Homeowners are often worried about further collection attempts after a foreclosure has been completed. After losing their homes, they worry about seeing their car repossessed, bank accounts levied, or wages garnished. But in most cases, there is little ch...
03rd November 2009
The Fair Debt Collection Practices Act (FDCPA) was originally designed to protect debtors against abusive actions taken by collection agencies when they are pursuing a debt. There are numerous violations that may cause penalties against the debt collector...
30th October 2009
One tool of the credit card companies has always been to force consumers into unfair arbitration proceedings, where very little is done to help strapped borrowers get back on top of debts. While most people who were involved in such negotiations had a fee...
30th October 2009
What is most amazing about the real estate downturn and economic depression is that government seems to keep on growing. In fact, government at all levels does not seem to have missed a beat, as they all seem to be growing. The only thing that has changed...
