Time Running Out for Short Sales - Housing Predictor

Forbes

Time Running Out for Short Sales Housing Predictor By Mike Colpitts Time may be running out for homeowners hoping to do a short sale on their home and not get hit with a big federal tax bill because they had to walk away from their mortgage. The Mortgage Forgiveness Debt Relief Act approved by Congress ... Homeowners Struggle to Get Mortgage ReliefLoanSafe Obama's HARP Re-vamp – Some Homeowners Still Out of LuckJD Supra (press release) HAMP Program To Undergo Some TweaksExaminer.com all 29 news articles »

California may join multi-state mortgage settlement - Los Angeles Times

Los Angeles Times

California may join multi-state mortgage settlement Los Angeles Times It also would require banks to overhaul their mortgage servicing and foreclosure practices as well as include a component for "principal write-downs," the reduction of mortgage debt for individual homeowners. Gaining California's support for the deal ... Running Robo-Settlement NumbersCNBC.com all 199 news articles »

Why Obama's Mortgage Plan is Not a Flotation Device - BusinessWeek

BusinessWeek

Why Obama's Mortgage Plan is Not a Flotation Device BusinessWeek That political calculus goes a long way toward explaining why the latest round of mortgage relief out of Washington is so limited. The Administration's latest mortgage plan, previewed in the State of the Union address and then announced in Falls Church ...

Refloating the housing market - Los Angeles Times

Los Angeles Times

Refloating the housing market Los Angeles Times Research by the Federal Reserve shows that writing down debt is not only the most effective way to keep borrowers in their homes but also can cut a lender's losses significantly. Nevertheless, lenders have been timid when it comes to debt reduction, ... Rewarding Homeowners for Good BehaviorCenter For American Progress all 94 news articles »

Debt questions answered by an expert - BBC News

BBC News

Debt questions answered by an expert BBC News They had to declare themselves bankrupt, or opted for Individual Voluntary Arrangements (IVAs) or the more recently introduced Debt Relief Orders (DROs) to try to resolve their debts. With the economy heading towards recession and unemployment on the ...