News Topic: Short Sales
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Short sellers betting heavily against banks. Is their read right?
Investors are spooked by banks' exposure to oil and other sectors threatened by a global slowdown as well as by policy uncertainties, but banks argue credit quality is strong and recession fears are exaggerated. ... Read full article
Laurie Maggiano, HAMP architect, CFPB program manager, dies at 64
Laurie Maggiano, the Consumer Financial Protection Bureau's program manager for servicing and secondary markets, died on Sunday. ... Read full article
An Expiring Tax Cut that matters to Underwater Homeowners
There is lots of talk about expiring tax cuts; Bush tax cuts, payroll tax cuts but there is an expiring tax provision no one seems to be talking about, the tax provision that exempts unpaid mortgage arrears on primary residences that are subject to ... Read full article
How Does Bankruptcy Affect a Short Sale?
Bankruptcy & Short Sales In many cases, those on the verge of bankruptcy have been pressed to the financial brink due to a problem with an underwater mortgage. There are few solutions to mortgage problems, one of the best-known being a short sale. In ... Read full article
What to do if a creditor sends you a Form 1099 trying to make income out of your discharged debt
Creditors who were discharged in bankruptcy are not supposed to send you 1099 forms because a bankruptcy discharge is not a taxable event. Some do it in and out of bankruptcy in order to get you to pay a debt. I think it is a violation of the automatic ... Read full article