Shadow Inventory
Shadow Inventory The Wall Street Journal had a very interesting article written by Nick Timiraos (a link to the article is provided below) regarding shadow inventory. The article talks about...
View ArticleFree Help For Distressed Homeowners
Free Foreclosure, Loan Modification and Bankruptcy Assistance The following article appeared in Today’s New York Newsday: Nassau County homeowners at risk of losing their homes can get free housing and...
View ArticleBOA Eliminates 2nd Mortgages
BOA is eliminating the full unpaid principal balance on some second mortgages. And possibly your need to short sale your home! Bank of America recently announced that it will be forgiving 2nd...
View ArticleQuestions and Answers on Bank of America Mortgage Forgiveness
BOA Mortgage Forgiveness Questions and Answers Just in case you missed or did not follow the link to the BOA Press Release. Here is the informative “Questions and Answers” section from the Press...
View ArticleMortgage Forgiveness Act Extended
The Mortgage Forgiveness Debt Relief Act Extended until January 1, 2014 Congress has voted to extend The Mortgage Forgiveness Debt Relief Act of 2007. This act allows taxpayers to exclude income earned...
View ArticleShort Sale my only option?
I already modified my mortgage, but because of new circumstances I am late again. Must I Short Sale my home now? Not necessarily. You may be able to get another modification based on your “new...
View ArticleFannie and Freddie No Doc Loan Modification
Fannie Mae and Freddie Mac to offer No Documentation Loan Modification Program The Program Fannie Mae and Freddie Mac will offer a simplified loan modification process. Beginning July 01, 2013,...
View ArticleClik here to view.
Foreclosure Review Checks
Many people who are/were in foreclosure, have recently received an Independent Foreclosure Review check from Rust Consulting Inc. Here is why: An agreement, providing for Independent Foreclosure...
View ArticleClik here to view.
HAMP Loan Modifications Extended
HAMP Loan Modifications will continue to be available to homeowners “through December 31, 2015.” The original program deadline was December 31, 2013. “The U.S. Department of the Treasury and the U.S....
View ArticleClik here to view.
Buy back your foreclosed home for less than you owe
Buy your foreclosed home at today’s value! Previously, foreclosed homeowners who wanted to repurchase their home were required to pay the entire amount owed on the mortgage. This requirement also...
View Article
