Mortgage Foreclosure & Refinance Resource

Update: 1/31/2008: In a related tax issue, this has been brought up by Jonathan Alper’s blog
“If the debtor has previously depreciated the property for income tax purposes the tax basis of the property has been lowered from its original purchase price. The short sale or deed in lieu may be treated as a [...]

[Read more →]

Home prices fell 6.7 percent in October, compared with a year ago, according to the S&P/Case-Shiller 10-city home-price index. It was the largest drop recorded since the index began in 1987. It marked the 10th consecutive month of price depreciation and 23 months of decelerating returns. Miami was hit with a 12.4 percent decline [...]

[Read more →]

HOPE NOW, FHASecure, Mortgage Relief Fund and other programs have been setup by HUD, FHA, banks and lenders to help home owners avoid foreclosure by either freezing the teaser rates on the adjustable rate mortgages or helping refinance the subprime mortgages into payment terms that will allow owners to keep the home. To help figure [...]

[Read more →]