Many are beside themselves while others have expressed a sense of panic to me regarding the expiration of the Mortgage Debt Relief Act and their decision to do a short sale. The law, or otherwise termed grossly generous entitlement, is over. I
Feb 12, 2014 | Short Sales forgiven mortgage debt solutions for underwater properties mortgage debt relief act mortgage debt forgiveness act
At the stroke of midnight on 12-31-13, as we celebrated the New Year and listened to the historic hymn of Ole Lang Zine, the US Treasury vault door slammed shut. For those that could hear beneath the noise and celebration, the echo of “No more
Jan 15, 2014 | Short Sales solutions for underwater properties mortgage debt forgiveness act mortgage debt relief act Debt Mitigation
We are all aware that the low interest rate environment has had devastating effects on seniors and retirees in general for many years. This is not something new but the recent trends, in conjunction with the devastation many retirees experienced with thei
Dec 02, 2013 | lifetime income with a Reverse Retirement Planning Reverse Mortgage supplemental retirement income
Many people I have spoken with, simply do not fully comprehend the ramifications of foreclosure and the potential personal liability they may face regarding the mortgage note. When you get a mortgage there is a deed of trust that allows the lender ce
Nov 15, 2013 | Short Sales solutions for underwater properties forgiven mortgage debt Debt Mitigation
The HECM Reverse Mortgage Program changes are now in place effective October 1, 2013. Changes to the program are clearly geared toward keeping the financial risk to the government insurance fund in check. As expected, the equity principle limit eligibilit
Oct 29, 2013 | Reverse Mortgage Retirement Planning Retirement income insecurity HECM Reverse Mortgage supplemental retirement income
It’s not news that it is difficult to get a new mortgage. The good news is the government and the markets are just beginning to recognize that the crisis was historic and not everyone who got caught should be permanently labeled a dead beat.&nb
Oct 25, 2013 | Short Sales Mortgage Loan Process Traditional Mortgage forgiven mortgage debt