Tag Archives: deed in lieu of foreclosure

Will the Mortgage Forgiveness Debt Relief Act be renewed?

Will the Mortgage Forgiveness Debt Relief Act be renewed? I wish I knew the answer to that question. Right now, there is a lot of uncertainty about the renewal of the Mortgage Forgiveness Debt Relief Act. According to the IRS website, the … Continue reading

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CitiMortgage’s Deed in Lieu of Foreclosure Program

The New York Times recently posted this article about CitiMortgage testing out a deed in lieu of foreclosure program in New Jersey, Texas, Florida, Illinois, Michigan, and Ohio. According to the article, this new program “is similar to one announced … Continue reading

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Options for Homeowners in Underwater Mortgages: When You Can’t Save Your House

If you are struggling to pay your mortgage due to a job loss or transfer, illness, or change in life circumstances (such as a divorce), you may not be able to save your house. When the housing market was in … Continue reading

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