Posts Tagged ‘foreclosure’

Loan Modification Options-Things You Should Know!

The Loan Modification options provides for either a permanent change in one or more of the terms of a mortgagor\’s loan, which allows a loan to be reinstated and results in a payment the mortgagor can afford. Find out if you are eligible and the procedures by reviewing this helpful information published by the U.S […]

Obama's Loan Modification – $75 Billion Homeowner Affordability And Stability Plan

President Obama has passed a new plan called the Homeowner Affordability and Stability Plan. So what is it exactly? This plan is designed to help the millions of Americans that need assistance with loan modifications because they\’re having trouble affording their mortgage each month. This plan is funded with $75 billion so if you\’re struggling […]

SBA Offers in Compromise: The Rules are Changing or Debt Forgiveness!

It used to be that it would take about a year to get a return response from the SBA after an offer in compromise was submitted. The response would come directly from the SBA via a letter, either a rejection or a counter proposal or an acceptance. You would never be allowed to talk directly […]

Mortgage Forgiveness Relief Act of 2007

The U.S. real estate boom of the past ten years has seen homeownership rise from 65% to 69%. Unfortunately with the market cooling the value of real estate is plummeting leaving homeowners holding mortgages that greatly out value the real estate they presently hold. There is now something that can help. The Mortgage Forgiveness Debt […]

The Mortgage Forgiveness Debt Relief Act of 2007

President Bush signed into effect on December 20th of 2007 the Mortgage Forgiveness Act of 2007. The debt forgiveness act through mortgages applies to transactions taken place in 2007, 2008 and 2009. Finding out further information is what a person must have to make an informed decision and to see if the act applies and […]