Have the circumstances in your life changed whereby you can’t make the payments? Job layoffs, reduced hours which equates to reduce pay? Now, you can’t afford your mortgage payments and you are desperate for a solution.
The interesting fact is the banks and the federal government would love for you to believe that a loan modification is the end all to put you back on track to stabilizing your…
ContinueAdded by Leesa Hammond on September 20, 2012 at 1:18pm — No Comments
Homeowner Tax Fairness Act | Short Sale | Carson | Leesa Hammond
Since 2007, homeowners whose banks have forgiven unpaid mortgage loan debt after a short sale, principal reduction or foreclosure have not had to count that money as income on their tax returns.
It’s meant savings of thousands of dollars on the so-called “phantom income” depending on the amount of debt canceled and a person’s tax bracket.
But the Mortgage Forgiveness Debt…
ContinueAdded by Leesa Hammond on September 12, 2012 at 1:00pm — 1 Comment
99% of Loan Modification Transfer Title…
The basic reality that needs to be understood by a homeowner is that when ANY paperwork is done on or for a loan modification there is a 99% chance that there will either be a short sale or a foreclosure.
The reason why?
Simple, other than the 1% that hit the lottery or the homeowner that gets a full rewrite or recast or alternatively a possible balance reduction on their existing loan terms, they won’t!
It is just basic…
ContinueAdded by Leesa Hammond on September 6, 2012 at 7:30pm — No Comments
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