Home> U.S. Homes Lost to Foreclosure Hit 6-Year Low in 2013 LOS ANGELES January 16, 2014 (AP)By ALEX VEIGA AP Real Estate Writer  The number of U.S. homes that got started on the path to foreclosure fell last year to a low not seen since before the high-flying days of the housing boom, the latest evidence that the … Continue reading

Bill Seeks to Extend Federal Tax Exemption for Forgiven Mortgage Debt

Congressman Bill Foster (D-Illinois) introduced the Homeowners Debt Relief Extension Act (H.R. 3856) on Tuesday. The bill would extend the mortgage debt tax exemption that’s been in place since 2007 for another two years. The Mortgage Debt Relief Act of 2007 makes debt that is reduced or cancelled through a loan modification or debt forgiven … Continue reading Bill Seeks to Extend Federal Tax Exemption for Forgiven Mortgage Debt

Is it possible to refinance while delinquent on your loan?

Refinancing While Underwater MANY whose homes have fallen in value feel stranded with underwater mortgages. “A lot of people have been sitting and not doing anything,” said Cari Sweet-Kostoplis, a senior mortgage banker at Atlantic Home Loans in Lincoln Park, N.J. But they may qualify to refinance their loans through a variety of programs aimed … Continue reading Is it possible to refinance while delinquent on your loan?