Foreclosure

The Mortgage Forgiveness Act expires on the eve of the worst housing crisis since the Great Depression. If you was fortunate enough to sell your home last year, but needed to sell it with the lender getting less than what they were owned; you may be taxed on the deficiency.  The bill, President Bush signed [...]

There will be three foreclosure prevention workshops held in three different location throughout Northwest Indiana.  The workshops are FREE.  The workshops will be conducted by The Consumer Credit Counseling Service of Northwest Indiana.  The schedule is as follows: Monday, May 28, 2009  6:30 TO 8:30 PM Lake County Public Library 1919 West 81st Avenue Merrillville, [...]

This post is written by Steven Parker.  Steven Parker is a Financial writer and contributor since five years.  He specializes in mortgage and real estate industry written many articles on Mortgage, Reverse mortgage, Loan modification, Foreclosure and many more. Contact :stevenparker09@gmail.com For the purpose of preventing a foreclosure, loan modification is one of the most [...]

Originally posted 2009-04-06 05:00:26. Republished by Blog Post PromoterIs rebuilding your credit after a tragedy like foreclosure over?   According to an article by an attorney that I found, it may as well be.   He states that due to the removal of sub prime lending a person that had the unfortune of being foreclosed on may [...]

Today’s latest news will give you valuable information on what happens after a foreclosure when you want to rent, and other up to the minute news from around the blogosphere: Extreme Makeover Home Edition Foreclosure? How Do You Write a … Extreme Makeover Home Edition is an ABC’s ratings juggernaut. Each week, the show takes [...]

Originally posted 2008-12-13 09:48:31. Republished by Blog Post Promoter      

There is a lot of media attention on the lenders about the foreclosure crisis.  There is also a lot of media telling you fight for your home, but what I do not see is anyone telling you exactly how to fight for your home.  WELL, TODAY THAT IS GOING TO CHANGE. The first thing that [...]

Originally posted 2008-12-04 07:36:58. Republished by Blog Post Promoter     On December 20, 2007, the Mortgage Forgiveness Act was enacted to exclude income gain or loss from mortgage modification and/or foreclosure of one’s primary residence.     Normally, when there is debt forgiven by the lender on one’s primary residence it is reported as taxable income even [...]

Originally posted 2009-12-19 11:41:12. Republished by Blog Post Promoter Image by Casey Serin via Flickr Fannie Mae Suspends Foreclosure Evictions | RealEstateRama WASHINGTON, DC – December 18, 2009 – (RealEstateRama) — Fannie Mae (FNM/NYSE) announced today that it is suspending all foreclosure evictions from December 19, 2009 through January 3, 2010. All owner-occupants and tenants [...]

Originally posted 2009-04-24 13:13:44. Republished by Blog Post PromoterShort sales are on the rise in many markets, so it is important to know the risk.  The risks are: tax misrepresentation secondary debt misrepresentation lender requesting inappropriate seller contributions fiduciary care breach no oversight by Realtor of loss mitigation company no license requirement for loss mitigation [...]

Originally posted 2009-03-16 16:50:31. Republished by Blog Post Promoter           Click this link http://www.lulu.com/content/paperback/shouldisalemyhome/6381193 From: The Desk of Serena Brown, 4:33pm   If you are interested in selling your home using a short sale then learning an effective and efficient way to accomplish that goal is a much needed skill.   The [...]

Originally posted 2009-03-12 10:44:19. Republished by Blog Post Promoterfront-cover From: Serena Brown, 10:05AM   If you are interested in selling your home using a short sale then learning an effective and efficient way to accomplish that goal is a much needed skill.   The single biggest complaint homeowner has is knowing how the short sale [...]

Originally posted 2009-04-10 11:00:44. Republished by Blog Post PromoterIf you are facing foreclosure, you have options.  First you must dismiss the common myths about loan modifications: The common myths are: One myth is the bank does not want me to keep my home.  The bank does not earn any money if it forecloses on your [...]

Originally posted 2009-02-11 11:04:33. Republished by Blog Post PromoterForeclosure takes place when the deed is foreclosed through court action. It takes court action to <a href=”www.taylorbrownrealestatetalks.com”>foreclosure</a> on a home.    The borrower uses his or her home as security or collateral for a mortgage. If the lender does not pay as agreed the lender can [...]

Originally posted 2009-01-07 10:00:10. Republished by Blog Post PromoterIn the state of Illinois for a foreclosure to happen the lender must follow certain legal steps. Thirty days prior to the enty of judgment of foreclosure, the owner and all person who have interest in the property will be given notice of the foreclosure. Then, the [...]