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Mortgage Blog

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

American Senior-HECM Reverse Mortgage to Purchase a New Home. Dig Deep and Eliminate Income Insecurity without Sacrificing your Ambition

With the constant struggle for everyone in this low interest rate environment we all have to work smarter, not harder to achieve our goals. This is especially true for retirees that no longer earn wages from employment and have to make due with incom

Jan 11, 2013 | Reverse Mortgage Retirement Planning Annuity supplemental retirement income Reverse to Purchase Mortgage

Fiscal Cliff Patch-Debt Relief! Congress recognizes we still have legacy issues related to housing.

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 | Fiscal Cliff Short Sales Debt Mitigation

The Fiscal Cliff, Social Security, Medicare and the Plight of the American Senior Citizen.

  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 Retirement Planning Fiscal Cliff Medicare

Don't Try to Compare a HECM Reverse Mortgage to a Traditional Mortgage Loan -Crisis in Thought.

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

Amazing Benefits of a Reverse Mortgage-Lifetime Annuity!

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 | Reverse Mortgage Retirement Planning Annuity

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