Simple Explanation of the Mortgage Forgiveness Debt Relief Act

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Posted on 21 Jun, 2011 by
Simple Explanation of the Mortgage Forgiveness Debt Relief Act
The expiration of the Mortgage Forgiveness Debt Relief Act can be somewhat confusing.  In fact, if you asked 9 out of 10 homeowners, they may not even know what it is, much less how to explain the benefits of taking advantage of it, or consequences of not taking advantage of the opportunity. Let’s start with the simplest explanation possible, then expand and explain further. SIMPLE EXPLANATION: When you decide to
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Who wants some free money? CitiMortgage will comply with your wishes…

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Posted on 17 Jun, 2011 by
Who wants some free money? CitiMortgage will comply with your wishes…
Two questions:  1 – Do you have CitiMortgage as your mortgage lender?  2 – Do you realize that if you sell now, you can take advantage of the tax benefits AND get money from your lender to do so? Another lender is jumping on board the Short Sale Streamliner and getting into the cash back game.  In an effort to get as much bad debt off their books, CitiMortgage
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