To navigate past a foreclosure successfully by choosing the right option to save a home, a homeowner must first understand the process. As with everything else in life, the more educated you are about a subject, the better chance you have to make the right choice. The foreclosure process is a complicated matter that [...]
To better understand the foreclosure process, keep in mind the timeline and foreclosure procedure that is set by law in your state. This chart breaks down the details and gives homeowners facing foreclosure an overview of the foreclosure laws and process by state.
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If you are facing foreclosure, don’t feel that your fate is locked in to losing your home. There are options which can help you save your home, but you must act quickly as most of them are time sensitive.
The best option for you depends on your specific situation. For example, a repayment plan may be [...]
Tags: bankruptcy, FHASecure, government assistance, government insured, guide, HOPE for Homeowners, IRS, loan modification, taxes, tips
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
