How to Buy a House That Hasn’t Been Built Yet Mortgage Masters Group If you rent out a house for profit, you can write off your expenses. Even if you haven’t rented the house out when you start fixing it up, the money you spend is still a valid deduction. Federal tax law, however, limits how much you can claim and whether you can claim it this year or must wait.
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Fighting Foreclosure: Using Contract Law to Enforce the Home Affordable Modification Program (HAMP) Arsen Sarapinian* In 2009, the Secretary of the Treasury and the Obama Administration unveiled the Making Home Affordable Program (“MHA”) to slow the foreclosure.
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From the Home Equity Theft Reporter Woman says Bank of America wrongly repossessed home Tuesday, March 09, 2010 By Sadie Gurman, Pittsburgh Post-Gazette A Hampton woman is suing Bank of America, saying one of its contractors wrongly repossessed her home, padlocked the doors, shut off the utilities, damaged the furniture and confiscated a pet parrot,
Real Estate Fraud Unit. Real Estate Identity Theft. By assuming the identity of the true owner, or claiming to represent the true owner, the thief fraudulently obtains title to a property, then borrows against the property, or sells the property, stealing the equity. The typical target of such a scheme is a property with a large amount of equity,
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Parallel Foreclosure is my somewhat failed attempt to get the media to follow up on Sarah Buduson’s ground breaking parallel foreclosure story in the fall of 2009 that identified the term "Parallel Foreclosure" as the practice of foreclosing on a homeowners home even as the homeowner is attempting to successfully complete a relatively short.
A state bill introduced last year was designed to beef up an existing statute called the Home Equity Theft Prevention Act to make such schemes more difficult, but the legislation stalled halfway.
Produce the note is an honest attempt by homeowners, but it is running into the reality of bankings influence over the judiciary. Plain and simple, you just can’t expect to fight the banks in court and win. If you would like a copy of the PDF, just email me. Sinclair Noe www.bank-o-meter.com Sinclair@bank-o-meter.com