Tag Archives: bankruptcy

Foreclosure, Short Sale and Bankruptcy Timeline

This useful chart is courtesy of Paul McCausland, a very good loan officer from 1st Mariner Mortgage. If you are in one of these circumstances and have questions about qualifying for a mortgage, give him a call. His contact information … Continue reading

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Debt Relief = Income

Many times a homeowner might feel relieved being out from under the obligation of a mortgage they can’t afford even though the property was lost due to foreclosure or short sale. If a lender cancels or forgives debt, a taxpayer … Continue reading

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