Forgiven Mortgage Debt Taxable...

Mar 22, 2013 by

Generally the IRS considers forgiven debt to be taxable income. But don’t panic. Broad exclusions apply to cancelled or forgiven mortgage debt.

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What Would You Do? #4

Jan 30, 2013 by

Chances are good that you or someone you know faces or will face the dilemma Diane’s struggling with in this edition of What Would You Do?

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Free Money Check-Up

Jan 21, 2013 by

In this case, there is a free lunch.

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Short Sale Tax Break Ending

Dec 10, 2012 by

Are you aiming to rid yourself of an underwater mortgage through a short sale of your home? Getting it done before the end of the year could save you thousands in income tax.

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VA Home Loan Program

Oct 5, 2012 by

If you qualify for the U.S. Department of Veterans Affairs’ Guaranty Loan Service, then for you the days of getting a mortgage with NO down payment still live!

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Post Updates #2

Sep 28, 2012 by

Here’s an update on a few past post topics: Timebanking, high-frequency trading, the LIBOR scandal, the new FICO mortgage score, housing prices and mortgage rates, Facebook stock, and last but not least my friend Tom’s real estate dilemma!

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2nd Mortgage Blocking Refinanc...

Aug 13, 2012 by

Have you heard the word “resubordinate”? You will if you have a second mortgage and want to refinance the first.

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New FICO Mortgage Score

Jul 25, 2012 by

Its creators say a new credit score targeting mortgage lending will help consumers and lenders. How do you think you’ll be affected? (And no doubt you will be.)

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Rapid Rescore = $$$

Jul 20, 2012 by

Applying for a mortgage or thinking of refinancing? Be sure your mortgage lender does a “rapid rescore” analysis of your credit report.

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The Big LIBOR Lie

Jul 9, 2012 by

Perplexed by but vaguely uneasy about the Barclays and LIBOR headlines? The actions underlying the scandal may have directly affected your pocketbook, even if you’ve never been a Barclays customer.

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