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HAMP and HARP Programs extended to the end of 2016

The Director of the Federal House Finance Agency (FHFA) Mel Watt announced on Friday May 7, 2015 that HAMP and HARP programs will be extended another year until the end of 2016. El Director de la agencia FHFA Mel Watt anuncio el viernes 7 de Mayo 2015 que los programas HAMP y HARP seran extendidosContinue reading “HAMP and HARP Programs extended to the end of 2016”

Chapter 7 Bankruptcy, can it help you?

Chapter 7 Bankruptcy in New Jersey A Chapter 7 bankruptcy is a liquidation bankruptcy that can help you keep your home and your car, stop creditor harassment and garnishments, but most of all, gives you a fresh start. What is a Chapter 7 Bankruptcy? Chapter 7 is a liquidation bankruptcy meaning it can eliminate mostContinue reading “Chapter 7 Bankruptcy, can it help you?”

Mortgage Forgiveness Debt Relief Act expired, what is the IRS “insolvency clause” and how could this help you?

The Mortgage Forgiveness Debt Relief Act expired December 31, 2013. The Act prevented homeowners who go through a short sale or foreclosure from being taxed on the amount of their mortgage debt that has been forgiven. the debt that is forgiven is normally considered taxable income. The good news is there is still a wayContinue reading “Mortgage Forgiveness Debt Relief Act expired, what is the IRS “insolvency clause” and how could this help you?”

DON’T WAIT UNTIL ITS TOO LATE TO SAVE YOUR HOME!

New Mortgage Protections for Homeowners/Se introducen nuevos reglamentos para protejer los dueños de casa

Effective January 10, 2014, some new CFPB rules will provide homeowners with new rights and greater protection from harmful practices. These rules should eliminate or sharply reduce the runarounds and painful surprises that hurt so many homeowners during and after the financial crisis. Borrowers who fall behind now have more options to take control: Continue reading “New Mortgage Protections for Homeowners/Se introducen nuevos reglamentos para protejer los dueños de casa”

Que es un Short Sale? What is a short sale?

LA DEFINICIÓN DE SHORT SALE, O VENTA CORTA, SEGÚN FANNIE MAE: “El proceso mediante el cual un administrador trabaja con un prestatario en mora para vender una vivienda a través de un profesional de bienes raíces antes de una venta por ejecución hipotecaria. La palabra corta (short) se refiere a que la suma obtenida por laContinue reading “Que es un Short Sale? What is a short sale?”