After providing more than one billion dollars in tax savings to underwater homeowners, one of the best relief options for those facing foreclosure has been allowed to expire. The Mortgage Forgiveness Debt Relief Act of 2007 was originally passed to aid the millions of homeowners who suddenly found themselves in danger of losing their homes to foreclosure following the housing market Continue Reading
Archives for December 2012
Is the Strain of Foreclosure Crushing You? You have options!
Is the Strain of Foreclosure Crushing You? You have options!A lot has changed since you bought your home.If you or someone you know is among the 10 million homeowners who are falling further behind every single month because of an unmanageable mortgage payment, then that weight may feel unbearable. But there is actually some encouraging news: Government incentives, coupled with banks willing to Continue Reading
Home Mortgage – Loan Limits Stay Constant For 2013
The 2013 Calendar year is right around the corner and all home mortgage loan limits are set to remain constant for the 2013 fiscal year.Conventional loan limits, those loans backed by Fannie Mae and Freddie Mac will remain at $417,000. With any loan above this level remaining a Jumbo loan.FHA loan limits had temporarily dipped, before being reinstated to higher levels earlier this year. In 2013, Continue Reading
The New Hot spot in the Valley of the Sun Continue Reading
