When Will the Foreclosure Madness End?

Would you believe it if I told you that over the last ten months, homeowners and lending institutions across the nation have partnered in the largest and most recognized effort in history...

Break-Up of the Lender/Borrower Marriage Needs Work

Recently, the Obama Administration reported new efforts to spearhead a national drive to help borrowers in trouble to modify their mortgages...

Foreclosure Rates Rise by 42 % in Broward and Palm Beach Counties

A news item that was published in the Your Money Section of the South Florida Sun-Sentinel on January 14, 2010 indicates that the rate of foreclosures in Broward and Palm Beach...

Was Your Loan Fraudulently Approved?

An article covering the various ways loans could have been fradulently approved, how they led consumers to foreclosing, and legal defenses the victims may have against the loan frauders...

Real Estate Broker Fraud

A short article covering all the various types of frauds and schemes Real Estate Brokers conduct that lead people into foreclosure, as well as the most recent foreclosure scams real estate brokers may

Fraudulent Inflated Appraisals and Foreclosure Causes

Appraisal scams involving inflated appraisals from property appraisers and kickbacks to buyers, investors, mortgage brokers, appraisers and title companies are all forms of mortgage...

2nd Mortgages and Foreclosures

The important aspects consumers should be aware of in regards to foreclosures and 2nd mortgages, common issues, processes of foreclosure for 2nd loans, and how to go about obtaining legal help...

Short Sales and Tax Consequences

Many homeowners facing foreclosure opt to go the short sale route.  In a nutshell, a short sale is an agreement between the homeowner and his mortgage company whereby the mortgage company agrees

Tax Implications in a Short Sale

The Mortgage Forgiveness Debt Relief Act of 2007 allows a homeowner to exclude from taxation income derived as a result of a loan modification, foreclosure, or short sale.  The purpose...

Short Sale: Beware of Deficiency Judgment

A deficiency judgment is a judgment issued by the court against you making you personally liable for the unpaid debt to your lender on your mortgage loan in connection with a short sale or foreclosure sale on your property. Some states allow your lender to file a lawsuit against you to collect this unpaid debt plus costs and their attorney’s fees...