Mortgage Foreclosure & Refinance Resource

According to CNN and New York Times, Countrywide Financial, the nation’s leading mortgage lender, is facing a federal probe into its foreclosure practices. The U.S. Trustee, a part of the Justice Department, subpoenaed records to determine if two foreclosures in southern Florida represented abuses of the bankruptcy system by the lender.

[Read more →]

According to a statement released by Speaker Nancy Pelosi there are some interesting laws coming to help homeowners who are facing or are in foreclosure.  One of the bills modifies the way IRS treats the forgiven mortgage balance and the other helps those in bankruptcy negotiate with lenders. Details below:
End Taxes on Mortgage Debt Forgiveness: [...]

[Read more →]

There has been much talk about predatory lending and how unscrupulous lenders have been taking advantage of unknowing homeowners. In general, the tendency is always to blame the home owner “.. should have read what they were signing..”, unfortunately sometimes people just do not know any better. Here is an example of how one person [...]

[Read more →]