Tag Archive

Are You A Boomerang Buyer?

Published on 11/01/2016 By Power Marketing

At one point you were a happy homeowner, comfortable with the knowledge that you and your family had a cozy, secure home in a friendly neighborhood; a place where memories were made and security was assured. Then, the unthinkable happened. The economy went into a tailspin and you found yourself struggling to stay afloat. One […]

Many homes come out of negative equity!

Published on 09/12/2012 By Jflook

The proportion of homeowners with negative or near equity in their homes declined in the second quarter of the year with 600,000 borrowers reaching a state of positive equity during the quarter making a total of 1.3 million so far this year. Negative equity refers to a mortgage with a balance greater than the value […]

More than 200 million in assistance to MD homeowners

Published on 08/30/2012 By Jflook

Attorney General Douglas F. Gansler announced today that distressedMarylandhomeowners have received more than $220 million in relief from the National Mortgage Settlement as of the end of June. Maryland’s share of the $25 billion National Mortgage Settlement has been estimated at nearly $1 billion, with more than 2800 MD homeowners receiving assistance from March 1, to […]

IRS to offer new programs to struggling taxpayers

Published on 06/19/2012 By Jflook

The IRS has recently announced an expansion of its “Fresh Start” Initiative by offering more flexible terms to its OIC (Offer In Compromise) program.  This move is intended to allow financially distressed taxpayers to clear their tax problems in a shorter time period, some times in as little as two years, as compared to four […]

Fannie and Freddie streamline short sale process!

Published on 04/27/2012 By Jflook

Anyone who has been involved with a short sale has horror stories about the length of time required to close the deal.  In the past, short sales could take months to close, if they closed at all.  Beginning June 15, real estate agents working with distressed homeowners whose loans are backed by Fannie Mae and […]