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 [...] Continue Reading…
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 [...] Continue Reading…
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 [...] Continue Reading…
Tags: FHA, government assistance, government insured, HOPE for Homeowners, Refinancing
FHASecure is an option for homeowners with non-FHA mortgages to refinance into a FHA-insured mortgage providing a 30-year term with a fixed interest rate, no balloon payment and no prepayment penalty. FHASecure can assist homeowners who have missed up to three monthly mortgage payments over the previous 12 months [...] Continue Reading…
Tags: FHA, FHASecure, government assistance, government insured, Refinancing
