Selected articles for topic: mortgage loan debt forgiveness
→ 17 articles
Check also 5 Videos for this topic
Mortgage Forgiveness Debt Relief Act of 2007 - Wikipedia
The Mortgage Forgiveness Debt Relief Act was introduced in the United States Congress on September 25, 2007, and signed into law by President George W. Bush on December 20, 2007. This act offers relief to homeowners who would have owed taxes on forgiven mortgage debt after facing foreclosure . The act extends such relief for three years, applying to debts discharged in calendar year 2007 through...
Date: 2017-02-09 03:33:57
Mortgage Principal Forgiveness Policy Is a Bad Idea | The ...
The Federal Housing Finance Agency (FHFA) continues to pivot on mortgage principal forgiveness policy, initiating a new program that would subsidize a permanent reduction of a portion of unpaid mortgage principal owed by homeowners. The mortgage principal forgiveness program would give preference to some homeowners already in the Fannie Mae-guaranteed and Freddie Mac-guaranteed portion of the...
Date: 2017-02-28 08:39:39
Stop Mortgage Fraud | State of California - Department of ...
5 Tips to Avoid Being Scammed
Don't pay up-front fees. Foreclosure consultants are prohibited by law from collecting money before services are performed.
Don't ignore letters from your lender or loan servicer. Responding to those letters is your best bet for saving your house.
Don't transfer title or sell your house to a "foreclosure rescuer." Beware! This is a scam to convince homeowners they...
Date: 2017-02-28 08:55:09
Home Foreclosure and Debt Cancellation - irs.gov
Home Foreclosure and Debt Cancellation
Update Jan. 5, 2015 -- The Mortgage Forgiveness Debt Relief Act of 2007 generally allows taxpayers to exclude income from the discharge of debt on their principal residence. Debt reduced through mortgage restructuring, as well as mortgage debt forgiven in connection with a foreclosure, qualify for this relief.
This provision applies to debt forgiven in...
Military Student Loan Forgiveness - 2017 College Loan ...
Student Loan Forgiveness Programs
Student Loan Forgiveness for Military Personnel
The wars have definitely wound down, and the military isn't expanding like it was back in 2010 when I first launched this site, but there are still excellent Military Student Loan Forgiveness Programs offering tens of thousands of dollars in benefits to Service Personnel from all branches.
While the Post 9/11 GI...
Mortgage Loan Modification - Ronald D. Weiss
Long Island Bankruptcy, Foreclosure and Modification Attorneys and Lawyers, Serving Suffolk County and Nassau County, N.Y.
Mortgage Loan Modification
Nassau & Suffolk Counties, Long Island Mortgage Loan Modification
Both HAMP and non-HAMP "in-house" modifications seek to prevent foreclosure by absorbing mortgage arrears, lowering monthly payments, and improving mortgage terms.
Best Mortgage Companies for 2017 - ConsumerAffairs
What features matter most?
Is the mortgage company reliable?
You'll be working with the company that services your mortgage for many years, and you'll pay them a significant amount of money in interest and fees during that time. Therefore, it's important to choose a company with a reputation for reliability and good customer service. By researching a lender's reputation, consumers can ensure...
Best Debt Consolidation Companies for 2017 - ConsumerAffairs
What features should you look for in debt consolidation companies?
Do they offer credit counseling?
Before consolidating debt, the consumer should find a reputable credit counseling organization for advice on money management and debt. Some debt consolidation companies offer credit counseling services in-house. When choosing a credit counselor, there are numerous features to consider.
Related topics : debt loans for bad credit / debt consolidation loans second mortgage / debt consolidation loans for non homeowners / debt consolidation loans for bad credit / debt consolidation loans canada
FHA Mortgage Rates: Best FHA Home Loan Rates & Programs
History of FHA Mortgages
Federal Housing Administration (FHA) mortgages were originally created in response to the Great Depression of 1934. They were designed to make home ownership more accessible to the lower and middle class, stimulate the economy, and facilitate lending by insuring the mortgage so that lenders were protected if the borrower defaulted. Although there have always been caps on...
Avoid paying taxes on forgiven mortgage debt - CBS News
(MoneyWatch) It could be the ultimate tax kick in the gut -- if you don't know how to stop it.
A new federal rule regarding the tax treatment of mortgage debt forgiveness may soon change, requiring homeowners who qualify for principal reduction under the government's Home Affordable Modification Program, or HAMP, to wind up footing a huge and, in many cases, unaffordable tax bill. But there is a...
So What REALLY Happens If You Default on Your Student ...
With many young graduates carrying anywhere from hundreds to hundreds of thousands in student loan debt, students are currently facing a mountain of a financial challenge. On top of already high numbers, student loan debt is a sticky kind of debt... as in it stays with the borrower or cosigner no matter what.
There's no declaring bankruptcy should you find yourself in over your head.
Short Sales | Real Estate Short Sales | New York Short ...
Request for Approval of Short Sale & Alternative Request for Approval of Short Sale.
Closing and Lien Release
Servicers may not charge the borrower any administrative processing fees in connection with HAFA. The servicer must pay all out-of-pocket expenses, including but not limited to notary fees, recordation fees, release fees, title costs, property valuation fees, credit...
The student loan conundrum - Washington Times
The president's goal was to make student loans more accessible and give more kids the opportunity to go to college, and, to those ends, he achieved.
However, there are always pesky unintended consequences.
As more students were able to borrow more money, colleges, in turn, increased their tuition costs, according to an analysis of the Federal Reserve Bank of New York.
Date: 2017-02-28 08:07:51
Best Unsecured Loans to Consolidate Debt - Frugal Rules
The best unsecured loan provider, overall, is Prosper - one of the two large peer-to-peer lenders. Generally speaking, Prosper is a little more liberal in their extension of loans and requires a credit score of at least 640. As they do what's called a soft pull of your credit you won't see any negative impact on your credit score. Prosper looks at many different factors, so your rate isn't based...
Related topics : no credit unsecured loan / unsecured loans no credit check / bad credit debt consolidation loans unsecured / bad credit unsecured loans lenders / auto loan rates based on credit score
Single Parent Home Loan | Home Loans For Single Parents
Single Parent Home Loans
As a single mom or dad, getting a secure and stable home loan becomes an important process to improving the quality of life and stability your children want and need. The FHA Loan program is an ideal and unique tool that single parents can utilize to effectively achieve almost any home loan objectives.
Whether you're a single mother needing an...
Downpayment Assistance Program in Texas | Houston Area
The City of Houston Housing and Community Development Department (HCDD) has designed the Houston Homebuyer Assistance (HHA) to provide financial assistance to low-to-moderate income homebuyers in the incorporated area of the city. Additional information regarding the Houston Homebuyer Assistance can be found here . Prospective homebuyers may qualify up to $19,500 in assistance to...
Law Central - Div 7A Loan Agreement
Only a "private" Pty Ltd Company can fully use the "Div 7A loan agreement".
This hint is provided by Law Central Legal.
Why do I need a Div 7A Loan Agreement?
Ever grabbed your Company cheque book and purchased something personal for yourself? Then you said, "I will leave it to my accountant to document that later". That documentation process is now much more complex than it once was.