Foreclosure Process
Served with foreclosure papers? What do you do? Here is a brief summary of how the foreclosure process in New York works. Step 1: Summons and complaint. When any court… Read more >
Mortgage Forgiveness Debt Relief Act (Addendum)
Forgiveness of Mortgage Debt – Tax Implications In a previous post, nearly two years ago, we discussed the extension of the federal law that provided a huge benefit to homeowners… Read more >
End of HAMP (Home Affordable Modification Program)
The government-established and monitored modification program known as HAMP (Home Affordable Modification Program) ended somewhat quietly at the end of last year for applications submitted in the new year or… Read more >
Mortgage Forgiveness Debt Relief Act – Extended
Property owners working on short sales or other workout options are ordinarily subject to potential income tax upon the cancellation of debt related to the property, which is classified as… Read more >