Sentences with phrase «on loan modifications»

• Tax relief for mortgage debt forgiveness was extended another year; providing homeowners tax relief on loan modifications, short sales and foreclosures.

Borrowers who have late payments and bad credit scores should focus on a loan modification, because refinancing is out of the question.

«We're not receiving nearly as many complaints on loan modification scams.

Our Housing Counselors work with mortgage companies and servicers on loan modifications, short sales and deed - in - lieu of foreclosure agreements, to name a few of the different available loss mitigation options.

What is your take on loan modification?

When your mortgage provider seems to be stalling on a loan modification, sometimes you just have to ask the right question.

Effectively communicated terms on loan modification agreements, settlements on liens, Deed in lieu, and short sale terms.

Comments Off on Loan Modifications Are About to Get a Lot Easier: Fannie Mae and Freddie Mac Toss Out the Paperwork in New «Streamlined Mortgage Initiative» Program Debuting July 1 Tags: Florida Real Estate Foreclosures, Foreclosure defense attorney, Foreclosure Help, Loan Modification, Mortgage foreclosure, Short Sale Counseling, strategic default, Underwater Mortgage

With that letter, at least according to the guidelines of Obama's program, no foreclosure can occur until a decision on the loan modification is made.

For all of the positive news about home sales increasing, there's still a dark cloud holding back recovery — struggling home owners continue to be forced into foreclosure as a result of big banks» foot - dragging on loan modifications.

The new laws aim to crack down on loan modification scams, extend the number of days banks are required to give notice before foreclosing on a home and demand that banks provide upkeep on foreclosed homes to avoid degradation of property values.

The IRS will not count the amount forgiven by the mortgage holder as income to the seller, thus giving distressed borrowers incentive to sell short rather than default; (2) restored the tax deduction for mortgage insurance premiums that expired at the end of 2011; (3) the mortgage interest deduction untouched; and (4) tax relief for mortgage debt forgiveness was extended another year; providing homeowners tax relief on loan modifications, short sales and foreclosures.

on Loan Modifications Are About to Get a Lot Easier: Fannie Mae and Freddie Mac Toss Out the Paperwork in New «Streamlined Mortgage Initiative» Program Debuting July 1