Randy Scott
Total live articles: 6
Questions: 0
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I'm just your average thirty-something realtor dad hoping to help people understand their mortgages and the loss mitigation options they have.
Recent Activity
The FDIC, in a bid to prevent foreclosures and short sales, encourages lenders to allow mortgage borrowers extra time.
The Federal Government is planning to announce news plans to increase and broaden mortgage relief measures in the upcoming days. The new efforts will likely include short sale incentives.
If you have recently lost possession of your house to a painful foreclosure or short sale, there's a chance you may be able to afford a new home within the next two years
In the wake of the mortgage crisis, banks (Especially Bank of America) work on loss mitigation and short sale speed.
Just as with a foreclosure, short sales have variable possible tax considerations that you have to take into account when doing your finances
If you are behind on your mortgage, you may not always be able to keep your home, and when that happens, there are several loss mitigation options to consider.
