Category Archives: Uncategorized

URGENT UPDATE: Mortgage Debt Relief Act Clarification

Over the past few weeks, we have heard attorneys, title closer, realtors, and mortgage professionals claim the Mortgage Debt Relief Act, which had expired at the end of 2013, was extended. This is a half-truth. Yes, the Mortgage Debt Relief Act was extended, however, it was only extended retroactively for 2014. The practical...
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Short Sales and Bankruptcy

For many people, a short sale becomes necessary when they no longer are able to make their mortgage payments on a regular basis.  A short sale occurs when the sale of the property results in less money than is owed on the mortgage(s) encumbering the property.  While it is important enough for some people to...
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