credit repair advise

Foreclosures up 75% in 2007 - CNN Money
Jan 29, 2008 . Foreclosures continue to soar. . Foreclosures up 75% in 2007 . troubled borrowers unable to sell in order to repay their mortgage debts.
http://money.cnn.com/2008/01/29/real_estate/foreclosure_filings_2007/

Share  

Mortgage Foreclosures by the Numbers
Mar 26, 2007 . The rise in subprime mortgage foreclosures poses looming threats to the housing market, mortgage lenders, and homeowners across the .
http://www.americanprogress.org/issues/2007/03/foreclosures_numbers.html

The Mortgage Forgiveness Debt Relief Act and Debt Cancellation
Jan 24, 2012 . The Mortgage Debt Relief Act of 2007 generally allows taxpayers to . as well as mortgage debt forgiven in connection with a foreclosure, .
http://www.irs.gov/individuals/article/0,,id=179414,00.html

U.S. FORECLOSURE ACTIVITY INCREASES 75 PERCENT IN 2007
Jan 30, 2008 . A total of 2203295 foreclosure filings were reported on 1285873 properties nationwide during 2007, a 75 percent increase in total filings from .
http://www.realtytrac.com/content/press-releases/us-foreclosure-activity-increases-75-percent-in-2007-3604

Number of foreclosures soared in 2007 - Business - Real estate ...
Jan 29, 2008. of foreclosure in 2007 was 79 percent higher than in the previous year, . Many homeowners started to fall behind on mortgage payments in .
http://www.msnbc.msn.com/id/22893703/ns/business-real_estate/t/number-foreclosures-soared/

Additional findings from the survey are:

  • Foreclosures Hit a Snag for Lenders - New York Times
    Nov 15, 2007 . Some $6.5 trillion of securitized mortgage debt was outstanding at the end . Dubious Fees Hit Borrowers In Foreclosures (November 6, 2007) .
    http://www.nytimes.com/2007/11/15/business/15lend.html

  • Foreclosure rate almost doubled in 2007: report | Reuters
    Jan 29, 2008. faced foreclosure during 2007, almost twice the previous year's rate, . an adjustable mortgage before higher monthly payments kicked in.
    http://www.reuters.com/article/2008/01/29/us-usa-housing-foreclosures-idUSN2849823320080129

  • Foreclosures 2007 Enacted Legislation
    Jan 21, 2009 . 2007 Enacted Foreclosure Legislation. . award of costs and attorney's fees in an action of foreclosure of a mortgage or lien or an action upon a .
    http://www.ncsl.org/issues-research/banking/foreclosures-2007-enacted-legislation.aspx

On introductory bonuses, the survey found that:

  • Expiration of 2007 Mortgage and Foregiveness act (foreclosures ...
    May 4, 2011 . I almost guarantee you after Dec 31 2012 short sales will no longer be in vogue when the temp 2007 Mortgage and Forgivness act expires.
    http://www.city-data.com/forum/foreclosures-short-sales-reos/1270766-expiration-2007-mortgage-foregiveness-act-foreclosures.html

  • AN EXAMINATION OF MORTGAGE FORECLOSURES ...
    The rate of mortgage foreclosures started in the United States set another in a series of record highs in the Third Quarter of 2007. The increases for prime .
    http://www.mbaa.org/files/news/internalresource/59454_loanmodificationssurvey.pdf

Mortgage Foreclosure Tax Issues
Mortgage Foreclosure. Tax Issues. 2321 N. Loop Drive, Ste 200 Ames, Iowa 50010 www.calt.iastate.edu. October 8, 2007. - by Roger McEowen*. Overview .
http://www.calt.iastate.edu/briefs/CALTLegalBrief-MortgageForeclosures.pdf

Canceled Debt & Mortgage Forgiveness
The tax relief was extended to cover the years 2007 through 2012 under the . Both mortgage restrucuring and foreclosures qualify; Available for the years 2007 .
http://taxes.about.com/od/income/qt/canceled_debt.htm

For more information for boomer consumers, see my blog 2008 2nd mortgage rate predictions.

Share  
2007 refinance home mortgage