What happens to equity from a foreclosure sale is leftover equity from a foreclosure sale is given to former owner of foreclosed property. Mortgage lenders do not want former owner of foreclosed property to receive leftover equity from a foreclosure sale. Reverse mortgages can prevent foreclosure for older homeowners, and homeowners won't have to ask "what happens to equity from foreclosure sale?"
What can homeowners do after being denied a loan modification? Options to save your home from foreclosure after denied for a loan modification include filing for bankruptcy to stop foreclosure. Bankruptcy and foreclosure harm homeowner's credit scores and credit ratings. Homeowners denied a loan modification can file a complaint for being denied a loan modification.
Predictions for the 2011 foreclosure market show increase in foreclosure filing. Foreclosure filings are predicted to rise in the 2011 housing market. Housing market predictions show foreclosure market predicted to struggle. Homeowners not paying mortgages and unemployment affect prediction for 2011 foreclosure market. Foreclosure moratorium halted foreclosure filing in 2010, but predictions for 2011 foreclosure market are grim.
Seller disclosure laws may allow homeowners to sue for fraud or damages of recently purchased house. Home buyers that discover fraud or damages in new home may be allowed to sue under seller disclosure laws. Homeowners should contact a real estate attorney to discover if they can sue for fraud or damages under seller disclosure laws. After purchasing a house and finding damages a homeowner can sue for fraud under seller disclosure laws.
Self-employed borrowers face tighter mortgage refinance requirements. Mortgage refinance requirements tighter for self-employed borrowers. Self-employed homeowners refinancing a mortgage loan will face tighter mortgage refinance requirements. Self-employment affects mortgage refinance requirements. Mortgage lender caution leads to tighter mortgage refinance requirements for self-employed borrowers.
In September I started a new lease on an apartment in the city. I had rented other apartments during college so I was familiar with the process, but this was my first place as an "adult". I ended up with a great place, but getting there was a long, stressful road. Every Tuesday, I'll be sharing my experience and a little advice on the trials and tribulations of finding an apartment. Read about how to understand your apartment lease before signing it.
It was a big week of business news. On the show today, we talked about the Foreclosure Lawsuit Upset and why the Massachusetts Supreme Court ruled against Wells Fargo and US Bancorp. We also talked about the December Unemployment Report, and why the unemployment rate drop might be an illusion rather than some really good news. Janet Yellen defended the Federal Reserve's purchase of $600 billion in a speech Saturday. We had a lot of questions about Roth IRAs, and taxes. Folks are definitely thinking about filing their incomes taxes. We also took a question about short sales and the tax implications. And, MoneyWatch.com Loan Modification Hell Lawsuits.
Ilyce Glink Show Notes - January 9, 2011 - Unemployment report, foreclosure lawsuit upset It was a big week of business news. On the show today, we talked about the Foreclosure Lawsuit Upset and why the Massachusetts Supreme Court ruled against Wells Fargo and US Bancorp. We also talked about the December Unemployment Report, and why the unemployment rate drop might be an illusion rather than some really good news. Janet Yellen defended the Federal Reserve's purchase of $600 billion in a speech Saturday. We had a lot of questions about Roth IRAs, and taxes. Folks are definitely thinking about filing their incomes taxes. We also took a question about short sales and the tax implications. And, MoneyWatch.com Loan Modification Hell Lawsuits. Visit Ilyce's blog for more links and information.
Lead paint removal affects remodeling an older home. Remodeling an older home is affected by lead paint removal. Understand proper lead paint removal when remodeling an older home. Homeowners selling an older home need to be aware of lead paint disclosure. Real estate agents should know about lead paint removal disclosures and the affects of lead paint removal when remodeling an older home.
Homestead exemption reduces property tax bill for first time home buyer. New homeowners can reduce property tax bills with a homestead exemption. Homeowners cannot write off homeowners association fees on federal taxes. There are some home expenses a homeowner can write off on their federal taxes. Tax exemptions for homeowners include the homestead exemption, interest paid on a mortgage loan and more.
