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Highlights of 2008 Tax Law Changes: Tax Breaks Renewed, Recovery Rebate...

Source: Internal Revenue Service, IRS.govTue Jan 6, 2009 AMT exemptions rise; several expiring deductions and credits get a new lease on life; a new standard property tax deduction and a special...

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How to Look Before You Leap?

I don’t have an answer for this rhetorical question, so this is more a buyer-refinancer beware comment :  how to get an honest early on answer from your Lender as to whether your refinance is do-able...

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A Matter Of Trust … or is it ?

    More a consumer warning, I digress a bit here on a topic indirectly related to home ownership … the matter of trust(s) …. (thank you Billy Joel). There are a goodly number of snake oil vendors...

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Wells Fargo and BoA at least give lip service to working with HAMP

In the news :  Wells Fargo joins Bank of America participating in a government program to modify second mortgages if the home owner has already modified their first mortgage. The program is part of the...

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I.R.S. view on tax trusts

Abusive Trust Tax Evasion Schemes Talking Points  Trust/estate matters are the third highest area of growth among top CPA firms.   Domestic trusts filed 3.6 million Form 1041 returns in 2003; the third...

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Banks get both sides of their bread buttered

Mortgage Fraud explained

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The beatings will continue until morale improves!

“The U.S. Federal Reserve is tilting the playing field in favor of those attempting to get mortgages by keeping interest rates ultra-low. The Senate also has voted to tilt the playing field in their...

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Home ownership obstacles (3rd Qtr 2011)

Source : http://trulia.com

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Should A Borrower With An Underwater Mortgage Strategically Default?

By Evan Nemeroff at mortgageservicingnews.com Does a borrower whose mortgage is underwater have an obligation to continue paying their monthly loans if they have the ability to do so? The answer to...

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