Interest rates have been at historically low levels for some time now and some borrowers have refinanced two or three times, but there are others who so far have allowed the opportunity to pass them by. I am not referring to borrowers who can’t possibly meet today’s standards. They haven’t refinanced because they can’t. My …
Real estate-related debts are on the decline, as are overall delinquencies, according to a quarterly report from the Federal Reserve Bank of New York. Debt maintained through mortgages and home equity lines of credit (HELOC) declined $146 billion during the fourth quarter of last year. Mortgages made up a majority of the decline – $134 …
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I enjoyed reading this article by the editor of DSNews.com, and thought you might too: CEO’s Corner: A New Year for Our Industry With a New Year comes new challenges for our industry – and the promise of a better tomorrow. For homeowners. For our economy. For our nation. As it does for many Americans, …
You may owe federal income taxes in 2013 if you have a short sale, foreclosure Now is the time to make the hard decision: Are you going to walk away from your underwater home? Uncle Sam is still giving homeowners until Dec. 31 to go through a short sale or foreclosure without tax consequences — …
Continue reading ‘Mortgage debt relief act to expire at the end of 2012’ »