Tag Archives: Hemet Short Sales

Mortgage debt relief law extended through 2013

Posted on January 2, 2013 by tomo92596

Mortgage Debt Forgiveness extended Late last night, Congress reached a settlement in the “fiscal cliff” negotiations.  As a result, the Mortgage Forgiveness Debt Relief Act has been extended for another year.  The measure will continue to exempt from taxation mortgage … Continue reading →

Posted in Bank of America Short Sales, Chase Short Sales, Citi Mortgage Short Sales, GMAC Short Sales, HAFA Short Sales, HAFA Updates, Mortgage Foregiveness Act, Short Sales | Tagged , , , , , , , , , | Leave a comment

HOPE NOW: 5.9M Completed Mods Since 2007; Short Sales Increase

Posted on December 20, 2012 by tomo92596

Short sales continued to increase in October, while foreclosure starts fell, according to data from HOPE NOW, an industry alliance of mortgage servicers, investors, mortgage insurers, and nonprofit counselors. Completed short sales reached 38,518 in October, representing a 13 percent … Continue reading →

Posted in HAFA Short Sales, HAFA Updates, Loan Modifications, Mortgage Foregiveness Act, Short Sales | Tagged , , , , , , , , , , , , | Leave a comment

Short sales and Bankruptcy from Bank of America

Posted on December 13, 2012 by tomo92596

Bank of America can review a short sale offer while the loan is in an active bankruptcy. To complete a short sale and issue the approval letter, the bankruptcy documents must be filed and approved by the court. Any final … Continue reading →

Posted in Bank of America Short Sales, Credit Challenges | Tagged , , , , , , , , | Leave a comment