Bradenton / Sarasota – The bailout plan (Emergency Economic Stabilization Act of 2008) was signed into law on Oct 3 2008. Many current homeowners who are in trouble of paying their mortgage look for it as a relief to their situation. As many of them purchased at inflated 2005, 2006 prices they now owe more than the home is worth, and [...]

President Bush signed into law in January a new measure giving tax breaks to homeowners who have mortgage debt forgiven. Under preexisting law, the debt forgiven by a lender, such as for short sales and refinances, was generally taxable to the borrower as debt discharge income. With the passage of the Mortgage Forgiveness Debt Relief [...]

Unfortunately, short sales are a reality for many home owners who owe more money than their property is worth.
If your loan amount is higher than the actual property value, and you start getting late on your mortgage payments, you need professional help.
Losing your home can be very emotional and most people don´t want to face up the reality [...]