The End of HAMP What does the end of the Home Affordable Modification Program (HAMP) mean for Loan Modifications? The future of loan modifications. The Home affordable Modification Program was set to end in 2015 but was extended through the end of 2016. So what does this mean for borrowers and homeowners who still …
Home Affordable Modification Program (HAMP) Ending Soon! Read More »
Fair-housing Advocates Find a Racial Divide In Home Maintenance Provided By Fannie ae A recent federal district court lawsuit filed by nonprofit housing advocacy groups alleges that government-sponsored Fannie Mae (The Federal National Mortgage Association) allowed more houses in non-white neighborhoods to deteriorate. These groups, which were led by the National Fair Housing Alliance, studied …
Foreclosed Homes in Minority Neighborhoods More Prone to House Decay Read More »
114th Congress Adjourns Without Passing Tax-Extenders Some Background on the Mortgage Debt Relief Act The 2007 Mortgage Forgiveness Debt Relief Act allowed taxpayers to not include, as income, the discharge or forgiveness of debt on their principal residence. The debt that was forgiven or discharged through foreclosure, mortgage modification, a short sale or a …
Congress Will Not Renew Mortgage Debt Forgiveness Act Through 2017 Read More »
Defeating A New York Foreclosure Case Past The Statute of Limitations. Recent Court Cases Show That You May Be Able To Defeat a Foreclosure Case If Your Complaint Was Filed More Than Six Years After Your Loan Balance Was Accelerated. Since the financial crisis in 2008, reports of foreclosures on residential properties have become commonplace. This …
The Statute of Limitations & Residential Mortgage Foreclosures Read More »
What is Cash for Keys? I receive a lot of phone calls now asking what is Cash for Keys and how do I go about finding out how to apply for Cash for Keys? With the recent increase in foreclosure auctions of homes that have long since defaulted on their mortgages and have languished in …
Cash For Keys After a Foreclosure Sale or Auction Read More »
2015 Foreclosure Judgments Increase to Highest Since 2008 New foreclosure actions are still be filed at a significant rate in Westchester county I just received a call from a reporter at the Westchester Business Journal this week asking about foreclosures and specifically the large surge in Foreclosure Judgments in Westchester this year. While the …
2015 Update on Foreclosures in Westchester County New York Read More »