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Mortgage Debt Relief Act of 2007 Coming to an End

Mortgage Debt Relief Act of 2007 Coming to an End

On December 31, 2012 the Mortgage Debt Relief Act of 2007 is expiring.¬† This piece of legislation allowed taxpayers to exclude income from the discharge of debt on their primary residence.¬† Debt reduced through mortgage restructuring, foreclosure, or forgiveness of debt qualifies…

Read More October 1, 2012
Short Sales are Becoming Easier

Short Sales are Becoming Easier

Easier Short Sales The Federal Housing Finance Agency has announced new short sale rules that might make it easier for borrowers to sell their homes for less than what they owe on their mortgages. The new rules will go into effect November…

Read More August 29, 2012
End of Summer Likely to Produce a Flux of Short Sales

End of Summer Likely to Produce a Flux of Short Sales

Finance and housing¬†specialists are anticipating the summer and fall months are likely to produce a flux of short sales. The multitude of short sales comes as more banks choose a portion of what they are owed rather than have a property go…

Read More August 15, 2012

Franklin Loan Center | NMLS 237653
Licensed by the Department of Financial Protection and Innovation under the California Residential Mortgage Lending Act, 4131316
http://www.nmlsconsumeraccess.org/entitydetails.aspx/COMPANY/237653
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