debt relief: Slow Market Survival Guide: How to Survive in Today's Market - 08/28/08 10:24 AM

Slow Market Survival Guide

How to Survive and Prosper in Today's Slow Real Estate Market
 
By: Ben Curry
 
The news has been full of Doom and Destruction concerning the housing market. Is this really what's going on in the U.S housing market?  Real Estate Agents had it easy during the booming market.  As long as you had buyers or listings, you were guaranteed to make money. 
Homes closed quickly and banks were quick to accept sketchy loans.  Borrowers with no job could buy a house.  People with damaged credit could buy a home with little out of … (16 comments)

debt relief: Mortgage Insurance Tax Deduction Extended - 01/14/08 06:08 PM
 
Mortgage Insurance Tax Deduction Extended
by Broderick Perkins
The same new federal law that offers relief from mortgage debt forgiveness taxes, also extends tax benefits for many more homeowners who pay mortgage insurance.
Effective January 1, 2008, according to the "Mortgage Forgiveness Debt Relief Act of 2007," for those eligible, no taxes will be owed on any mortgage debt forgiven or written off as part of a short sale, foreclosure, renegotiation, bankruptcy or other such action on a principal residence.
Before the law was passed, such forgiven debt was typically taxed as income.
The relief act came on the heels of … (0 comments)