We recently had a question from someone considering a short sale for their house.   This person is not eligible for a loan modification and their lender recommended a short sale.  When they put the house on the market, they are considering making just partial payments while they try to sell it.
The question is: DOES MAKING A [...]

The Arizona legislature has passed a bill, SB 1271, signed into law by Governor Brewer on July 10th, that is scheduled to take effect September 30, 2009. 
This bill was intended to protect small community banks from consumers buying speculative new homes that now cannot be sold for a profit.  However, it could have an impact on [...]

   As more and more people face the prospect of losing their home in the midst of this economic whirlwind, we are getting more questions about foreclosures and short sales, and how they show up on credit reports.  

We are compiling a list of resources for people experiencing mortgage difficulties or facing foreclosure.  This list will be updated regularly and we will continue to post the latest information as it becomes available.  It can be found under the Recommended Links to the right or just click here to go directly to the list.

We have [...]

   The Internal Revenue Service has announced a plan to help homeowners with a federal tax lien who are trying to refinance or sell their home.  According to IRS Commissioner, Doug Shulman, the IRS will expedite the process for changing the status of a tax lien to the secondary position or, in some cases, to [...]