How many loan modifications have been approved in 2012?

How many loan modifications have been approved in 2012? Answer: The number of loan modifications approved in 2012 is on the decline as compared to the same time frame last year. There was a thirty one percent (31%) decline in … Continue reading

Short Sale 1099 and the Mortgage Forgiveness Debt Relief Act

Do I get a 1099 if I do a short sale? A: Almost certainly, yes, you will get a 1099 if you complete a short sale. The Mortgage Forgiveness Debt Relief Act Expires 12/31/2012 In 2007, the Mortgage Debt Relief … Continue reading