Secrets to successfully beating a bad BPO
Saturday, March 31
The most important part of a short sale is to make sure the BPO comes back low. But sometimes there is absolutely nothing you can do. It can still come in high. It all depends on the agent doing the BPO or the appraiser doing the appraisal. So what do you do if the BPO did come i...
Wrongful Military Foreclosures are Uncovered!
Saturday, March 31
The news has been saturated with the destructive practices of the nation’s largest banks and the devastating affects it had on the housing market, the economy, and the millions of homeowners across the country. The impact resulted in a new lifestyle and reality that people are frustrated and...
Short Sale Industry Updates
Saturday, March 31
HAFA Extended Help for Homeowners and Changes! In January, the Federal Housing Finance Authority announced that Fannie Mae and Freddie Mac would be extending and enhancing their Home Affordable Modification Program (HAMP) and Home Affordable Foreclosure Alternative (HAFA) program through Dece...
Mortgage Forgiveness Debt Relief Act
Saturday, March 31
The Mortgage Debt Relief Act of 2007 allows qualified taxpayers to exclude income from the discharge of debt on their principal residence. Debt reduced through mortgage restructuring and mortgage debt that is forgiven in connection with a short sale or foreclosure, generally qualifies for the...