As the foreclosure crisis drags on, short sales are becoming increasingly common. Unlike foreclosure—in which the bank seizes a property from the homeowner in lieu of mortgage repayment—short sales entail receiving...
Over the past few years, medical debt as become one of the largest contributors to bankruptcy filings in the United States. It is reported that over 60 percent of bankruptcy filings are due to medical debt. Fortunately,...
Over the long-term, a damaged credit score can make life very difficult. It can be a challenge to get any kind of loan modification or receive refinancing approval. It is therefore imperative that borrowers who have been...
14 Oct, 2011
Relieving Tax Debts
Tax debt can arise for numerous reasons, many of which are simply out of the control of the taxpayer. There are those that ignore their tax liabilities or try and “work the system” to get around paying higher...
14 Oct, 2011
A Difficult Economy Discourages New Borrowers
First and foremost, the skepticism stems from the fact that mortgage rates are already at record lows. While this has encouraged some homeowners to pursue mortgage modifications such as refinancing, it has done little to...
