In December of 2007 Congress signed into law the Mortgage Forgiveness Debt Relief Act. Under regular circumstances, when a lender chooses to forgive all or part of a borrower’s debt, the forgiven amount is considered income and the borrower is liable to be taxed. This law offers relief to the homeowner in that it extends relief for three years, [...]
Mortgage Forgivess Debt Relief Act of 2007 Is Extended Through 2012
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What You Need To Know To Start Your First Compost Pile
How is it that people turn garden waste and kitchen scraps into “black gold” that they can use in and on the soil around their trees, flowers, shrubs, vegetables and plants? The rotting process that happens when organic materials are piled on top of one another, layered and kept moist produces the best thing in the [...]
Some New “Rules” Banks Are “Enforcing” If You Want A Home Equity Line Of Credit Or Mortgage
The days when a financial advisor counseled a homeowner to keep a $50,000 home equity line of credit (Heloc) open as a financial cushion, are over. As the economy, and subsequently the housing market, have declined lenders are making it much more difficult for homeowners to qualify. Rest assured if you do, you will pay much more interest than you would have [...]
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5259 Grapevine Dr.
Beautiful all brick executive home on golf course, open plan, sun room included SF, basement plumbed for bath and we bar, gas starter on fire place, gorgeous kitchen, sitting area in master bedroom, great view from back of golf course, gas grill included in appliances
Beautify Your Home’s Landscape With These Lovely Old Standbys
Always beautiful, the following shrubs should be taken into consideration when you want to improve your home’s landscaping. These shrubs were found on almost every homestead owned by our grandparents. They have not fallen out of favor for any reason, only forgotten in the excitement that came with the many new cultivars that are now available.
Hydrangea: Tolerant of most soil [...]
Options For Foreclosure: Part II
With the large number of foreclosures that are occurring all over the United States, people should know the many options they have to avoid one. Here are additional options (Part II.) for foreclosure:
Rent the Property: If your mortgage payment is low enough that market rent will cover it, this option will allow you to keep your property indefinitely.
Deed [...]
Options For Foreclosure: Part I
Today in the United States there are more and more homeowners facing the devastating financial challenge of foreclosure. Many times it can be avoided. Here are some options (Part I.) for foreclosure, along with a short explanation of each.
Reinstatement: This option is extremely simple, but the most difficult. The homeowner asks the mortgage company the total amount [...]
Avoiding Possible Short Sale Mistakes: Part II
Considering a short sale can be a daunting task if you are not armed with all of the necessary information regarding this type of transaction. Following are additional mistakes or problems that can be avoided if you know what to look for.
Time: There never seems to be enough of it when conducting a short sale. [...]
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Avoid Possible Short Sale Problems And Mistakes Before You Make Them! Part I
Considering a short sale can be a daunting task because it is a bit more complicated than a traditional home sale. Knowing what some of the common short sale mistakes are and their solutions can be very helpful for a successful outcome. Here are some of the most common mistakes made with this type of transaction, and their [...]
Here Are The Seven Short Sale “Myths” That Could Lead You Right Into Foreclosure
If you currently are in a situation where you must sell your home and you owe more on your home than what it is worth to sell, a short sale can be a very good solution to your problem. Many myths have evolved over time, but understanding today’s reality is a way to help yourself. [...]