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Helping Brokers, Buyers and Sellers

$5,000 Principal Reduction

Posted in Mortgage Modification, Principal Reduction

If you got a HAMP or Making Home Affordable modification, you will be receiving an additional $5,000 principal reduction. Republicans in...

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Tax on Principal Forgiviness

Posted in Principal Reduction, taxes

Folks underwater holding their breath Keith Harney Thanks to Seattle Times  September 13, 2014 It appears Congress will extend a...

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$157,105 Wells Fargo Principal Reduction

Posted in Mortgage Modification, Principal Reduction

JS is a hard working taxi driver. He came to us after a financial hardship, including a divorce. Ocwen is his servicer, however, the...

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Fannie and Freddie – No Principal Reductions

Posted in Principal Reduction

The reason foreclosures will continue  By Paul McMorrow Thanks to the Boston Globe February 19, 2013 A year ago, 49 states and the federal...

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Principal Reductions – Department of Justice Settlement

Posted in Principal Reduction

If you owe more on your first mortgage than your home is worth, and if your mortgage is with Bank of America, JP Morgan Chase, Wells...

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Happy Clients

Posted in Mortgage Modification, Principal Reduction, Second Mortgages

I only post a quarter of the modifications we complete, and I have not posted any of them for some time.I will get caught up on that job...

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Tax on forgiveness of mortgage debt

Posted in Bankruptcy, Principal Reduction

Current law relieves mortgage debtors from having to report forgiveness of mortgage debt through principal reduction as income –...

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This may be the best time to modify

Posted in Principal Reduction

The five biggest lenders – Bank of America, Chase, GMAC, Citi, and Wells Fargo – have $25 billion to use giving principal...

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Iceland forgives mortgage debt

Posted in Principal Reduction

Iceland forgives mortgage debt to save its economy by J. D. Heyes (NaturalNews) It’s probably not a concept that most U.S. banks and...

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Principal Reductions – If House Is Underwater

Posted in Principal Reduction

HUD secretary says some homeowners received $100K+ in principal reductions By Justin T. Hilley May 8, 2012 • 12:12pm Some families living...

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Principal write-down talk leaves out taxpayers

Posted in Principal Reduction

Principal write-down talk leaves out taxpayers Posted by Jessica Huseman on 3/30/12 at 12:32pm All of this talk about Fannie...

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Banks Lowering Principal On NegAm Loans

Posted in Principal Reduction

As millions of Americans struggle in foreclosure with little hope of relief, big banks are going to borrowers who are not even in default...

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