Home mortgage borrowers: Beware of predatory lenders

Nowadays, you would find a lot of news on victims of predatory lending scams. If you’re looking for a home mortgage loan, then you should look out for predatory lenders. These unscrupulous lenders always try to make the most of unsuspicious borrowers. They always aim at cash poor but house rich borrowers who have accumulated [...]

Mortgage Forgiveness Tax Laws

As April 15th has come and past, many of you are probably wondering what are some of the tax ramifications if I pursue a short sale or face a foreclosure. I’m here to answer some of these questions. It is IRS policy to tax forgiven debt you are personally responsible for as if it is [...]