The “fiscal cliff bill” passed by Congress January 1 included a provision to exclude borrowers from paying taxes on debt forgiven through a short sale, foreclosure, or loan modification. Known as Mortgage Debt Relief Act of 2007, the act
Jan 03, 2013 | Short Sales Debt Mitigation Fiscal Cliff
We are all worried about the fiscal cliff and the idiots in congress on both sides of the isle that we pay and that continue to fail us on material issues. When I use the word idiots I mean it in the most literal way a human being can use it t
Dec 01, 2012 | Reverse Mortgage Fiscal Cliff Retirement Planning Medicare
Question: On a Reverse Mortgage does the interest accumulate on the unpaid balance at the same rate. If so, does that mean your paying interest on the compounded amount each month? Answer: Updated for clarification: Added “Growt
Nov 27, 2012 | Reverse Mortgage Traditional Mortgage
A reverse mortgage is a loan designed to allow seniors to maximize the equity in their homes by accessing flexible credit in unique ways that were not previously available. The flexibility of the funding options for a Reverse Mortgage are treme
Nov 07, 2012 | Annuity Reverse Mortgage Retirement Planning
It is common knowledge that we are in a historically low interest rate environment. Loan rates are low and savings rates are virtually non existent. Certificates of deposit are currently yielding .55% at your local bank. Regardless of the
Nov 05, 2012 | Reverse Mortgage Retirement Planning