Posts tagged "short sale"

Homeowners Push For Short Sales As Debt Forgiveness Act Nears Expiration

Homeowners Push For Short Sales As Debt Forgiveness Act Nears Expiration
Americans are not only counting down the number of shopping days this holiday season. As the Mortgage Forgiveness Debt Relief Act draws to a close on Dec. 31 — barring an expected extension — homeowners who are under contract to sell their homes via short sale are getting anxious too. The Mortgage Forgiveness Debt Act,... Read more »

Loan Modifications in the News

Today’s Chicago Tribune sheds some light on the much-criticized loan modification industry in Chicago and nationwide. It’s a piercing look at the predatory nature of the business, particularly the legal community’s involvement.  For those who haven’t read the piece, it discusses the role of attorneys in the loan modification process, and how often times it... Read more »

Short-Sale Buyers Benefit From Homebuyer Credit Extension

On Friday, July 2, President Barack Obama signed into law a three-month extension of the Homebuyer Tax Credit. The extension was expected, especially considering the backlog of approved contracts sitting at many lenders’ offices. However, this extension is great news for those awaiting lender approval on short sales. For those who are unfamiliar with the term, a... Read more »
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