Adapted from an Associated Press article by Alan Zibel:
Most people trying to stave off a foreclosure are better off trying to negotiate changes in their loan rather than filing for bankruptcy.
For homeowners who have found themselves struggling to keep up with their mortgage payments after an increase in their rate or a change in their [...]
Tags: bankruptcy, loan modification
After having your home foreclosed, you may wonder whether there is an IRS tax bill lurking in the aftermath waiting to add more misery to a series of unfortunate events. The answer is somewhere between yes and no depending on whether the foreclosed home was your primary residence or not.
Foreclosure on a Primary Residence
The Mortgage [...]
Tags: IRS, loan modification, taxes
HOPE for Homeowners (H4H) is the legislative version of FHASecure, a Federal Housing Administration program, where both are intended to assist homeowners facing foreclosure, or those at risk thereof. FHASecure, according to HUD data, has only assisted a relatively small amount of homeowners in foreclosure or in default. In response, Congress created HOPE for Homeowners [...]
Tags: FHA, FHASecure, government assistance, HOPE for Homeowners, Refinancing
The HOPE for Homeowners (H4H) program, effective October 1, 2008 through September 30, 2011, is intended to assist those at risk of default and foreclosure by refinancing a homeowner’s current loan into a new 30-year or 40-year fixed rate loan with lower payments.
The HOPE for Homeowners loan limits cap at $550,400 and generally may not [...]
Tags: FHA, government assistance, government insured, HOPE for Homeowners, Refinancing
