Posts Tagged ‘short sale’


Mortgage Forgiveness: The End of Tax Breaks?

Among the various options offered to help distressed homeowners deal with collapsing mortgages and the resulting loss of houses and credit, the Mortgage Forgiveness Debt Relief Act is a little known break, freeing homeowners from a tax liability on mortgage debt forgiven by a lender. Unless extended by Congress, the Act expires at the end […]

Read More...
AMA

Hardship Short Sales: A Break for Sandy Victims

The recent Hurricane Sandy affected mortgage holders in hard-hit Northeastern states in a number of ways. Lenders from Fannie Mae and Freddie Mac on down stepped up to offer ways to ease the burden of mortgage payments and avoid foreclosure. Among those options is eligibility for a short sale of a distressed home due to […]

Read More...
AMA

Distressed Homeowners Take the Short Sale Option

Before the great mortgage crisis of 2008 – 2011, relatively few people outside the real estate community knew much about specialized terms like ARM or short sale. But as more and more houses fell into foreclosure, these words made headlines across the country. And even now, with large numbers of homeowners still barely staying afloat […]

Read More...

Flopping Houses: A New Kind of Mortgage Fraud

In the aftermath of the mortgage meltdown of a few years ago, several new varieties of mortgage fraud emerged, as buyers and sellers scrambled to grab properties and turn them over as fast as possible. Among the latest: , a strategy in which sellers deliberately deface and destroy parts of houses in an effort to […]

Read More...