Truth in Foreclosure

5 Secrets to Getting Your Home Back After the Foreclosure Sale

Even after you lose your home at a foreclosure sale, you still have a couple ways you can get it back even after it has sold! And you have a few legal rights to be aware of as well. Find out your options before it's too late...

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Cheat the IRS

Will you have to pay income tax on the "phantom" income you recieve from your lender if your mortgage workout succeeds? The answer is probably no because in late 2007, Congress passed a bill that provides a special tax relief provision...see if you qualify...

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Short Refinance or Modify Jumbo Loans?

If you have an expensive home that has fallen in value and you're near or in foreclosure, you have some tough choices to make. Is a short refinance or a loan modification right for you? Our mortgage expert from California explains the difference and which is better...

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Good News for Renters

If you're renting a home that's going through foreclosure, Fannie Mae announced that they a working on a program for you. In the near future, they will not force you to move out of the home even if the foreclosure completes and the person you're renting the home from loses it.

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Banks Don’t Want Your Home

It's natural to think that your lender wants your home when they begin contacting you and demanding your past due payments plus additional fees and costs. However, this is rarely the case. Especially in today's market!

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What is a Foreclosure?

When solving problems, it's often helpful to define them. The idea of a foreclosure does not apply solely to home loans...a lender could foreclose on any loan if it is past due. But you're probably on the site to find out about a home foreclosure.

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