Author Archives: Buyer Broker

This means those under foreclosure or distressed mortgage default, there will be a federal income tax bill on the way…or is it? How to Avoid Taxes on Canceled Mortgage Debt… This can also apply to debt that is discharged in … Continue reading →

The Office of Inspector General in the Department of Labor raised some Significant Concerns such as: Protecting the Safety and Health of Workers: OIG is concerned with OSHA’s ability to best target its compliance activities to those areas where they … Continue reading →

Who really knows what will happen in 2015…nobody expected to start 2015 with interest rates below 4%, but they did…and several “experts” predicted real estate rebounds and yet the economy remains sluggish and normal young home buyers still can’t find … Continue reading →

Foreclosures are down 68 percent since the height of the crisis and recoveries to the Fund have improved 68 percent from their lowest level. FHA’s mortgage insurance fund’s overall Economic Net Worth has improved by $6.1 billion from a negative … Continue reading →

That depends on if you are a “customer” or “client”. The customer relationship with an agent/broker limits the amount and type of information they can furnish. The client relationship with an agent/broker gives you much more help and information allowed … Continue reading →

The Financial Stability Board (FSB) was established in April 2009 as the successor to the Financial Stability Forum (FSF). The Group of Twenty (G20) endorsed the FSB’s original Charter of 25 September 2009 which set out the FSB’s objectives and … Continue reading →

These ideas were mentioned a Wall Street Journal article in the 11-7-2014 issue on page M10: A couple who can’t come to resolution to stay married and decides to divorce may need to sell their home to settle the mortgage … Continue reading →

Why are there so many organizations involved in Transportation – for the money! Recently, the Federal Highway Administration approved the Atlanta Transportation Improvement Plan which includes the $1 Billion planned expenditure to improve the I-285 & GA 400 interchange which … Continue reading →

NO. The RESPA statute and regulations do not require the lender to maintain a cushion. However, since 1976 the RESPA statute has allowed lenders to maintain a cushion equal to one-sixth of the total amount of items paid out of … Continue reading →

The new Good Faith Estimate (GFE) to be used starting August 15, 2015 will be a 3 page form that includes the estimated costs you’ll have to pay for the home loan. The Good Faith Estimate provides you with basic … Continue reading →