Avoiding Foreclosure or Recovering From One
Tips to help fight foreclosure on a home or rebuild after a home loss.
Are You House Poor?
One common problem that people run into is that they become house poor. You are house poor if you have no extra money to pay for emergencies, cover your expenses and save for the future, because your house payment is too large. Learn what to do if you are in this situation.
One common problem that people run into is that they become house poor. You are house poor if you have no extra money to pay for emergencies, cover your expenses and save for the future, because your house payment is too large. Learn what to do if you are in this situation.
Should We Walk Away From Our Home?
Home owners who walk away from a home and let their mortgages go into default. Alternatives to walking away from your home and ways to stop foreclosure.
Home owners who walk away from a home and let their mortgages go into default. Alternatives to walking away from your home and ways to stop foreclosure.
Qualifying for Short Sales
Thinking of a selling on a short sale? Not every home owner qualifies for a short sale. Here is how to figure out if you meet the requirements for qualifying for a short sale.
Thinking of a selling on a short sale? Not every home owner qualifies for a short sale. Here is how to figure out if you meet the requirements for qualifying for a short sale.
Short Sales - How to Handle a Short Sale
The fundamentals behind a short sale, why a lender would accept a short sale and how it affects borrowers.
The fundamentals behind a short sale, why a lender would accept a short sale and how it affects borrowers.
How Short Sales and Foreclosures Affect Credit
The effect of foreclosures and short sales on credit reports and FICO scores. Which is better to see on a credit report - a foreclosure or a short sale? How soon after foreclosure or short sale can a seller buy a new home?
The effect of foreclosures and short sales on credit reports and FICO scores. Which is better to see on a credit report - a foreclosure or a short sale? How soon after foreclosure or short sale can a seller buy a new home?
Comparing Short Sale Benefits to Foreclosure
Reasons to choose a short sale instead of a foreclosure. Differences between short sales and foreclosures and why a short sale could be preferable to foreclosure.
Reasons to choose a short sale instead of a foreclosure. Differences between short sales and foreclosures and why a short sale could be preferable to foreclosure.
Foreclosures
Foreclosures are treated as the sale of property for tax purposes. Homeowners going through a foreclosure will need to calculate their gain or loss for tax purposes, as well as consider any tax that might be due on the forgiveness or cancellation of debt.
Foreclosures are treated as the sale of property for tax purposes. Homeowners going through a foreclosure will need to calculate their gain or loss for tax purposes, as well as consider any tax that might be due on the forgiveness or cancellation of debt.
Canceled Mortgage Debt and Taxes
Normally, debt that is forgiven or canceled by a lender is considered taxable income to the debtor. But there are exceptions in the case of mortgages under the Mortgage Forgiveness Debt Relief Act. Learn more about the exclusions for mortgage debt.
Normally, debt that is forgiven or canceled by a lender is considered taxable income to the debtor. But there are exceptions in the case of mortgages under the Mortgage Forgiveness Debt Relief Act. Learn more about the exclusions for mortgage debt.
How to Recognize Foreclosure Rescue Scams
Foreclosure rescue scams that target helpless homeowners in foreclosure. How to avoid being a victim of foreclosure rescue fraud and recognize the signs of con artists.
Foreclosure rescue scams that target helpless homeowners in foreclosure. How to avoid being a victim of foreclosure rescue fraud and recognize the signs of con artists.
How to Find an Apartment After Foreclosure
Unfortunately, many homeowners are having their homes foreclosed leaving them to rent. Even though some landlords turn down renters with past foreclosures, there are ways to get around it.
Unfortunately, many homeowners are having their homes foreclosed leaving them to rent. Even though some landlords turn down renters with past foreclosures, there are ways to get around it.
Stopping Foreclosures
Ways to stop foreclosure. Alternatives and options for foreclosure, working out forbearances, note modifications, reinstatements.
Ways to stop foreclosure. Alternatives and options for foreclosure, working out forbearances, note modifications, reinstatements.
What is Wrong With Buy and Bail?
Buy and bail is a phrase used to describe how some home owners buy a new home and then bail (go into foreclosure) on the former home. Is buy and bail against the law?
Buy and bail is a phrase used to describe how some home owners buy a new home and then bail (go into foreclosure) on the former home. Is buy and bail against the law?