At the stroke of midnight on 12-31-13, as we celebrated the New Year and listened to the historic hymn of Ole Lang Zine, the US Treasury vault door slammed shut. For those that could hear beneath the noise and celebration, the echo of “No more
Jan 15, 2014 | Short Sales Debt Mitigation mortgage debt forgiveness act solutions for underwater properties mortgage debt relief act
We are all aware that the low interest rate environment has had devastating effects on seniors and retirees in general for many years. This is not something new but the recent trends, in conjunction with the devastation many retirees experienced with thei
Dec 02, 2013 | Reverse Mortgage Retirement Planning supplemental retirement income lifetime income with a Reverse
Many people I have spoken with, simply do not fully comprehend the ramifications of foreclosure and the potential personal liability they may face regarding the mortgage note. When you get a mortgage there is a deed of trust that allows the lender ce
Nov 15, 2013 | Short Sales Debt Mitigation forgiven mortgage debt solutions for underwater properties
The HECM Reverse Mortgage Program changes are now in place effective October 1, 2013. Changes to the program are clearly geared toward keeping the financial risk to the government insurance fund in check. As expected, the equity principle limit eligibilit
Oct 29, 2013 | Reverse Mortgage Retirement Planning supplemental retirement income Retirement income insecurity HECM Reverse Mortgage
It’s not news that it is difficult to get a new mortgage. The good news is the government and the markets are just beginning to recognize that the crisis was historic and not everyone who got caught should be permanently labeled a dead beat.&nb
Oct 25, 2013 | Traditional Mortgage Short Sales forgiven mortgage debt Mortgage Loan Process
There appears to be a misconception in the market among some that a Reverse Mortgage can be used to solve any and all property and borrower ailments. This is categorically incorrect. A Reverse Mortgage is designed for a primary residence only and do
Sep 25, 2013 | Reverse Mortgage solutions for underwater properties HECM Reverse Mortgage Government insured mortgage FHA Construction Loan Hard Money Loan