Before you make a decision regarding short sale or foreclosure of your house, make sure that you are taking the right route and if foreclosure is the right option for you situation. “A short sale is one where the lender agrees to release its lien
Every individual dreams of buying a house, but with it comes many responsibilities and hassles. One of the major factors to avoid is delaying the closing of a deal. Most homeowners are unaware that a small mistake on their part can cause a lot of
The New Year is here and with it comes some good news for homeowners all over the nation. Congress finally passed the fiscal bill last week with favorable outcome for the mortgage owners. Let’s evaluate the various tax relief outcomes from the bill. Extension of American
We are sure that many of you would have been huddled in the cold, waiting for your favorite stores to open on Black Friday. Those who prefer to shop from the comfort of their homes, would have looked forward to Cyber Monday. However, did any
Buying a home and being able to make mortgage payments regularly have been difficult in the past few years. With massive unemployment rates, more people have been forced to take up rental living. The government has been putting forward various measures to help homeowners and
We came across a very interesting study from the California Association of Realtors® (C.A.R.) on the cycle of housing short sale and will be evaluating the same in this blog. 2012 has lenders rejoicing a little because they have had some luck in handling short
In the wake of the rampage created by Hurricane Sandy, Freddie Mac has offered to help homeowners whose homes have been damaged or destroyed. The government-controlled mortgage finance giants Freddie Mac and Fannie Mae form the backbone of the mortgage industry. They buy home loans from banks and other lenders,
Isn’t 4506-T used by lenders to obtain tax return transcripts, you may ask. Well, yes, but it also has a role in the home rental market where 4506-T is used by the landlords before choosing a tenant: income and employment verification. It is crucial to verify a
If you own a mortgage or are thinking of taking one, then the new changes in the Dodd-Frank ACT will be of interest to you. As of August 15th, 2012, the Federal Reserve and five other financial regulatory agencies have proposed a new appraisal requirement