Tag Archives: loan modification

Loan Modifications and HAMP

HAMP – HOME AFFORDABLE MODIFICATION PROGRAM So loan modifications are still alive and well. The process can still be difficult and take 3-6 months but is still much better than it was years ago. A basic rule is that if you have enough income you will generally qualify for a loan modification. You can still […]

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2007 Mortgage Debt Relief Act and Tax Implications in a Short Sale and Foreclosure

2007 Mortgage Debt Relief Made Retroactive The Mortgage Debt Relief Act of 2007 was put in place to assist homeowners who had debt forgiven, cancelled or discharged in regards to a short sale or foreclosure or who had their mortgage reduced through some kind of restructuring (loan modification) on their PRINCIPAL RESIDENCE. So this Act […]

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