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Mortgage Blog

Modification - Forbearance follow up

In a July post, I briefly explained forbearance as it relates to the Loan Modification process.  I suggested caution and thorough consideration when your lender makes this a requirement of your requested Loan Modification. I also noted that even if y

Aug 15, 2013 | Short Sales solutions for underwater properties Loan modification

A New Mortgage After Successfully Completing a Short Sale.

The goal of our comprehensive Short Sale program has always been to get our clients out of their underwater properties, mitigate all the debt and selling costs, and help them get started over again after a waiting period.  Our Day 1 Strategy Cal

Apr 08, 2013 | Traditional Mortgage Short Sales mortgage debt forgiveness act solutions for underwater properties

The Problem with Loan Modifications and Lenders Addressed.

People often complain about the difficulty in obtaining a modification of their loan to achieve a more affordable payment.    The fundamental problem that exists is that your mortgage lender that you make monthly mortgage payments to is oft

Mar 04, 2013 | Short Sales Debt Mitigation solutions for underwater properties Loan modification modify your loan with your lender

Understanding the IRS and The Mortgage Debt Relief Act Incentive.

It boils down to the concept of unjust enrichment.   When someone does not pay a debt or a debt is forgiven, the IRS sees this as effectively income. You no longer have a debt to pay and someone or some business is going to look to write th

Jan 29, 2013 | Short Sales forgiven mortgage debt mortgage debt forgiveness act solutions for underwater properties

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