Mortgage refinance options limited with underwater mortgage. Underwater mortgage has limited mortgage refinance options. Limited options for mortgage refinance for underwater mortgage include option to prepay your mortgage. HAMP loan modification process is one option for underwater mortgage mortgage refinance, but not widely offered. Mortgage refinance options for underwater mortgage include HAMP if homeowners qualify.
Foreclosure Guidelines: OCC Takes Action By Ilyce Glink The Office of the Comptroller of the Currency announced this month that it has determined a mandatory course of enforcement actions against eight high-profile mortgage servicers, including lending giants Bank of America, Citibank, JPMorgan Chase and Wells Fargo. Unlike the loan modification programs, the banks do not [...]
4 Ways to Make the Claim-Filing Process Easier By Linda Rey Sometimes the hardest part of the insurance business is the waiting game. You file a claim, and then you receive a check to cover your claim—right? Anyone who has filed an insurance claim knows it’s not always so easy. You can do everything right, [...]
Medical Tax Deductions Are Worth More Than You Think By Eva Rosenberg, EA Starting this article sent me on an extended Google search about a sweet client who died several years ago. Johnny came to me when the IRS audited his medical deductions. Johnny (not his real name) had wasted the tax benefits that his [...]
Over the years, my kids received savings bonds as gifts for various occasions. We held the bonds to maturity and recently turned over the money to the two oldest kids. In both cases, the extra money came in handy. For my oldest, it provided a bit of a cushion between her college graduation and the [...]
It's better to inherit property from your parents or family members rather than receiving it through a quit claim deed. The tax implications of receiving a property through a quit claim deed are much greater than inheriting a property. When estate planning, it's better to put the property in a will or trust, rather than transfer the property through a quit claim deed.
A new FICO study examines how late payments, foreclosures and bankruptcies affect your credit score. Different credit scores were compared - 650, 720 and 780 - to see how late payments, foreclosures and bankruptcies affected the credit profile. These home mortgage delinquencies affected the credit scores in different ways.
When a senior has a mortgage, a common problem might be whether to prepay the mortgage or save their cash reserves. The benefits of prepaying a mortgage come at the end of the mortgage. A senior might not live out the 20 years to see the benefit of prepaying a mortgage. It might be best to save cash reserves rather than prepay a mortgage.
A Lease Purchase or Rent to Own deal might be ideal for someone who is recovering from a foreclosure. After a foreclosure, you won't be able to get a loan. If you can find a seller who is willing to give you financing, a lease purchase deal could be a great option for a buyer trying to recover from a foreclosure.
If you're trying to collect on a judgement against a renter, you may try hiring a lawyer or a collection agency. Unfortunately, even lawyers and collection agencies might not be able to collect on a judgement against a renter. If you're trying to collect on a judgement, you will want to weigh the costs of collecting the judgement against what the debt is worth.
