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mortgage financing: TRIAL LAWYERS & MORTGAGE CRISIS LAWSUITS AND LITIGATION - 09/16/08 03:15 PM
SOME TRIAL LAWYERS HAVE BEEN GEARING UP TO ATTACK A SOFT SPOT IN THE BUSINESS WORLD ... THE SUBPRIME MORTGAGE CRISIS ... MORTGAGE BANKERS, LENDERS AND MORTGAGE BROKERS.
Bloomberg News reported that the number of new mortgage crisis lawsuits is growing.  More than 600 lawsuits related to the subprime mortgage situation were filed in U.S. federal courts since … (14 comments)

mortgage financing: Signs of Continued Irresponsible Home Lending in Southern California - 07/29/08 04:29 PM
Here in Southern California we continue have some current signs of irresponsible home lending practices. The Orange County Register, reported on July 27, 2008, in a Marketplace article that one year ago, July 27, 2007, the house at 920 W. Camile St. in Santa Ana was bank-owned and deserted and that "the … (1 comments)

mortgage financing: US Congress and Senate Should Pass Permanent Federal Housing Administration Reform Legislation - 05/27/08 05:53 PM
Our U.S. Congress and Senate Should Pass Permanent Federal Housing Administration Reform Legislation.The time is now for the US Congress and Senate to pass permanent Federal Housing Administration reform legislation if we are to give American homebuyers and homeowners the peace of mind they need.While new loan limits were recently enacted as … (0 comments)

mortgage financing: How To Manage Your HELOC Loan With Rising Rates? - 05/22/08 12:58 AM
Most HELOC loans (home equity line of credit) are indexed to the bank prime loan rate. When the prime rate changes, the rate on your HELOC will change also.When prime increases 100 basis points (one full percent) the home equity line of credit borrower pays more in interest costs.If you make … (1 comments)

mortgage financing: At The Center of Our Housing Crisis Is That Many People Have No Equity Or Are Upside Down on Loans - 04/26/08 12:50 PM
At the center of our housing crisis is that many people here in California and the United States have no remaining home equity or that they are upside down on their loans. Too many people purchased homes during the past five years with no or little down payment, based upon no … (2 comments)

mortgage financing: Is Cancellation of Debt Always Income Taxable? - 04/20/08 12:36 AM
Is Cancellation of Debt Always Income Taxable?  What does IRS say?  Not always. There are exceptions.  Some situations when cancellation of debt income is not taxable involve:A.   Bankruptcy: Debts discharged through bankruptcy are not considered taxable income.  B.   Insolvency: If you are insolvent when the debt is cancelled, some or all of the … (0 comments)

 
Real Estate Agent: Harrison K. Long - Realtor & Broker (Explore Properties Group, Coldwell Banker Previews)
Harrison K. Long - Realtor & Broker
Irvine, CA
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Explore Properties Group, Coldwell Banker Previews

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