How to Effectively Stop Foreclosure in 2020
Do you want to know how to effectively stop foreclosures? To begin, in 2020 the methods are entirely different than what they were in 2010. For instance, now there is no tax forgiveness if the home goes back. Additionally, there is no longer protection for tenants. Finally, there are no requirements for mortgage companies to […]
Learn About Louisville Short Sales
The major benefit of a short sale is that your FICO score will be about 25 points higher than if you file bankruptcy. Bankruptcy will drop a great FICO score by about 100 points. On the other hand, a short sale will drop it about 80 points. However, for some rarely used mortgage programs, if […]
Deeds in Lieu of Foreclosure
Definition: A deed in lieu of foreclosure is when the homeowner turns the deed over to the mortgage company to avoid foreclosure. The bank may agree to a Deed in Lieu of Foreclosure to not pursue you for a deficiency. But, unfortunately, it still causes a tax problem. Even if the mortgage company agrees to […]