by James Robert Deal | Sep 14, 2014 | Principal Reduction, taxes
Folks underwater holding their breath Keith Harney Thanks to Seattle Times September 13, 2014 It appears Congress will extend a tax-relief program for them, but not until after the November elections. WASHINGTON — Congress is back from its summer vacation, so the...
by James Robert Deal | Nov 10, 2013 | Mortgage Modification, Principal Reduction
JS is a hard working taxi driver. He came to us after a financial hardship, including a divorce. Ocwen is his servicer, however, the important fact is that Wells Fargo is the investor, the owner of his mortgage. Wells Fargo gives principal reductions because it was...
by James Robert Deal | Feb 26, 2013 | Principal Reduction
The reason foreclosures will continue By Paul McMorrow Thanks to the Boston Globe February 19, 2013 A year ago, 49 states and the federal government brought five of the country’s biggest banks to heel. They crafted a nationwide foreclosure settlement that ended a...
by James Robert Deal | Jul 12, 2012 | Mortgage Modification, Principal Reduction, Second Mortgages
I only post a quarter of the modifications we complete, and I have not posted any of them for some time.I will get caught up on that job when we get back from our road trip vacation. But I just have to post this letter from a client regarding a modification that is...
by James Robert Deal | May 22, 2012 | Principal Reduction
Current law relieves mortgage debtors from having to report forgiveness of mortgage debt through principal reduction as income – even if the mortgage debtor has gotten a discharge on the mortgage through bankruptcy. However, this law expires at the end of 2012....
