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Entries Tagged as 'attorney jon coats'

Still Time to Have Forgiven Mortgage Debt Excluded as Taxable Income

April 3rd, 2012 · No Comments · Foreclosure, News, Real Estate Law, Uncategorized

Tweet BY: ESTHER CHO | dsnews.com   “Homeowners who have had mortgage debt forgiven after a foreclosure, modification, or short sale may be able to exclude the canceled debt from their taxable income if they meet specific criteria. According to Gil Charney, principal analyst at The Tax Institute at H&R Block, the specific criteria to have forgiven [...]

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Housing Crisis to End in 2012 as Banks Loosen Credit Standards

April 3rd, 2012 · No Comments · Foreclosure, News, Real Estate Law, Uncategorized

Tweet BY: KRISTA FRANKS BROCK | dsnews.com   “Capital Economics expects the housing crisis to end this year, according to a report released Tuesday. One of the reasons: loosening credit. The analytics firm notes the average credit score required to attain a mortgage loan is 700. While this is higher than scores required prior to [...]

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N.Y. foreclosure lawsuit could slow home seizures

March 31st, 2012 · No Comments · Foreclosure, News, Real Estate Law, Uncategorized

Tweet By John W. Schoen, Senior Producer (msnbc.com)   “Bankers struggling to deal with faulty foreclosure paperwork just got hit with another major headache. New York State Attorney General Eric Schneiderman, recently tapped by President Obama to head a new task force to investigate mortgage fraud, sued three major U.S. banks Friday, accusing them of using [...]

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Why BofA’s latest plan is drawing little protest

March 30th, 2012 · No Comments · Foreclosure, Litigation, loan modification, News, Real Estate Law, Short Sales, Uncategorized

Tweet By Eve Tahmincioglu | msnbc.com   “Doesn’t it feel like Bank of America has finally broken us? Plagued with lawsuits and settlements; uproars over fee hikes; and a recent scathing article in Rolling Stone calling it “moronic and corrupt,” you would think the nation’s biggest bank would be put under asynchrotron, the world’s biggest microscope, by [...]

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How foreclosures affect buyers and sellers

March 29th, 2012 · No Comments · Foreclosure, News, Real Estate Law, Uncategorized

Tweet By Marcie Geffner, bankrate.com   “If anything is certain about the foreclosure crisis, it’s that it isn’t over. That fact has important implications, not only for people losing their homes, but also for those planning to sell or buy a home this year. As of January, about 3 million properties were in foreclosure, headed [...]

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Mortgage rates fall back below 4 percent again

March 29th, 2012 · No Comments · Foreclosure, loan modification, News, Real Estate Law, Uncategorized

Tweet By CHRISTOPHER S. RUGABER   “The average U.S. rate on the 30-year fixed mortgage fell back below 4 percent this week, staying near historic lows. Mortgage buyer Freddie Mac said Thursday that the rate on the 30-year loan dropped to 3.99 percent from 4.08 percent last week. Last month, the rate touched 3.87 percent, the lowest [...]

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Foreclosure review deadline extended

March 29th, 2012 · No Comments · Foreclosure, News, Real Estate Law, Uncategorized

Tweet http://baynews9.com:   “If you lost your home through foreclosure and think you were unfairly thrown off your property, you now have more time to seek financial compensation. The federal government has extended the deadline to get a free, independent review of your case. The deadline was April 30, but now, you have until July 31. [...]

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A Winding Path To Foreclosure: Graph

March 26th, 2012 · No Comments · Commercial Loans, Foreclosure, Litigation, loan modification, News, Real Estate Law, Short Sales, Uncategorized

Tweet   Where it began: 1999… Click here:  A Winding Path To Foreclosure: Graph

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Recovery? Trying to draw meaning from the chaos of new housing news in Florida

March 12th, 2012 · No Comments · Foreclosure, loan modification, News, Real Estate Law, Short Sales, Uncategorized

Tweet By: Robert Trigaux, Business Columnist | Tampa Bay Times “Wake up and good morning. So is the Tampa Bay and Florida housing market at a bottom and really ready to start improving? The crystal ball remains murky but there’s no lack of housing activity on both sides of the equation to ponder. For openers: *  Homebuilder Newland Communities [...]

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Church Foreclosures Hit Record In 2011

March 11th, 2012 · No Comments · Foreclosure, News, Uncategorized

Tweet   “* 2011 a record year for church foreclosures * Churches hit by credit bubble, some devalued. * Churches faulting, struggling with “balloon” payouts * Banks say church foreclosure last resort By Tim Reid LOS ANGELES, March 9 (Reuters) – Banks are foreclosing on America’s churches in record numbers as lenders increasingly lose patience [...]

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