Homebuyer tax credit: 950,000 must repay
LMFAO!! Yet Another Bomb! Thank you for the rise in Real Estate sales…How do you say “bait and switch”! Were these disclosure properly made? Can’t wait to see the outcome of these sub-prime mortgages...
View Article“Fred Rerun Berry” actor from 1970’s sitcom”What’s Happening”
Mrs. Berry contacted me through my youtube channel. For those who may not recall “What’s Happening”… Back then this was one of the hottest shows along with “Good Times”, “Different Strokes” etc. This...
View ArticleNY Times Joe Nocera Hits This One Out the Ball Park. A Must Read
Joe’s article is a must read. It will leave you both furious and relieved that this story was told. Name says it all. No Mortgage Lenders in Jail, but a Borrower Lands There. © 2010-15 FORECLOSURE...
View ArticleForeclosed? The tax man may want his cut
Via CNN MONEY NEW YORK (CNNMoney) — Did you lose your house to foreclosure this year? Did your lender forgive some of your mortgage debt because the house sold for less than it the mortgage balance? If...
View ArticleREUTERS Exclusive: IRS weighs tax penalties on mortgage securities (REMICS)
We saw this coming for a bit now… (Reuters) – The Internal Revenue Service has launched a review of the tax-exempt status of a widely-held form of mortgage-backed securities called REMICs. The IRS...
View ArticleMichigan Appeals Court “Pays To Check a Map, IRS Lien Has Priority over MERS...
ON APPEAL FROM THE UNITED STATES DISTRICT COURT FOR THE WESTERN DISTRICT OF MICHIGAN MORTGAGE ELECTRONIC REGISTRATION SYSTEMS, INC., as nominee for InterBay Funding, LLC, Plaintiff-Appellant, v. TAMMY...
View ArticleWA SB 6337: An act relating to protecting short sale sellers from payment of...
Title: An act relating to protecting short sale sellers from payment of forgiven home loan debt if such debt forgiveness is reported to the internal revenue service. Brief Description: Protecting short...
View ArticleJoe Nocera: The Mortgage Fraud Fraud
This isn’t about a banker going to jail, this is about a homeowner going to jail. NYT- I got an e-mail the other day from Richard Engle telling me that his son Charlie would be getting out of prison...
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