By: Michael Powers “Sue My Lender? But I am just trying to work something out so I can keep my home.” For those of us in the business of assisting homeowners, we often hear this reaction to the idea of … Continue reading
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By: Michael Powers … Continue reading
By: Michael Powers The U.S. Treasury has extended HAMP (The Home Affordable Modification Program) through 2015, seemingly giving more homeowners an opportunity to avoid foreclosure and take advantage of the program. But the whole story reveals that the extension offers … Continue reading
* * * This information is published by the U.S. Internal Revenue Service and is also available at www.irs.gov. * * * If you owe a debt to someone else and they cancel or forgive that debt, the canceled amount … Continue reading
By: Michael Powers Since the real estate market crash of late 2007 and 2008, California has been the leader in legislation designed to protect homeowners and regulate the loan modification practice. Unfortunately for many California homeowners, legislative relief arrived too … Continue reading
By: Michael Powers Short Sales and Deed-In-Lieu of foreclosure agreements are growing in popularity in California, as lenders and servicers become more aggressive in creating permanent solutions for troubled mortgages in the Golden State. Many are crediting the Homeowners Bill … Continue reading
By: Michael Powers According to a recent report by RealtyTrac, California foreclosures have dropped nearly 40% from a year ago, ridding the state of its dubious ranking as the highest foreclosure state in the country. This downward trend has been … Continue reading
By: Michael Powers President Obama’s State of the Union speech gave little mention to the housing crisis, as the housing market shows signs of improvement and his HAMP (Home Affordable Modification Program) program begins to wane in popularity. But, did … Continue reading
By: Michael Powers According to a recent report by the Hope Now Alliance, HAMP loan modifications were down nearly 50% in 2012, as lenders and servicers shift their focus to “in-house” or proprietary loan modification programs. In addition, the report … Continue reading
The Homeowners Consumer Center has endorsed the Goodman law firm for any US homeowner seeking assistance with a loan modification, mortgage workout, foreclosure defense, pre-foreclosure related issues, or mortgage servicing problems, and the group considers the endorsement a big deal … Continue reading