Background. In 2007 Congress passed the Mortgage Forgiveness Debt Relief Act. The gist of the law is that for those taxpayers who have had debt
Over the course of the past two and one-half years, I’ve met with hundreds of folks experiencing the trauma of dealing with huge negative equity
[This post is the second in a two-part discussion of the recent case of James vs. MERS, et. al. The full text of Judge Simon’s
Can I sell my home (i.e. my “primary residence”) for less money than I owe to my bank? The short answer is that “it depends.”
[Caveats: 1. The following information is solely based upon Oregon law. Residents from other states should not assume their laws will result in the same
“[The defendant banks] categorize [the plaintiff borrowers] as ‘strategic defaulters’ who are riding out their admitted default by raising frivolous legal challenges while continuing to
Although there is an abundance of useful information on the Internet, it can become confusing to many. So I thought I’d post some of the
As the Realtor® industry enters into 2011, there is little question but that short sales are going to be around for a while. It will
Lately, there have been some stories about Realtors® and/or title companies having to pay a foreign seller’s federal income tax that was not withheld at
Background. The residential loan market experienced tremendous growth between 2004 and 2007. Lenders were able to accommodate millions of borrowers, because they quickly sold the
