Foreclosure Program 3648? Answer these questions to find out: 1. Is the mortgage you are having problems with your primary residence? Program 3. 54. 8- Short Sales. If you bought your home a year or two ago - you might be in the situation many homeowners are. You owe more than your house is worth. Because of the market slowdown, homeowners are seeing houses in their neighborhood sell for less than they did a couple years ago. This can become a scary prospect when you are forced to sell your home due to relocation, a lost job or death in the family. That's why the president and congress passed House Bill 3. Mortgage Forgiveness Debt Relief Act of 2. This bill is more commonly known as Program 3. Prior to program 3. Let’s say you fell behind in your mortgage payments, lost your job or just couldn't keep up with the bills. You decided to sell your house and get out from under the mortgage. You bought the house for $3. This is a scenario that is all too common today. That meant that you would have to report $1. What a tax bill. Thankfully, congress and the president reacted to the market and created program 3. The Mortgage Debt Forgiveness act means you are no longer liable for taxes on that difference you didn't pay the mortgage company. Now, there are some rules that apply to this program. It has to be your primary residence for instance. And you also need to make sure the mortgage company isn't going to come after you for the difference. If you have questions - you should always ask your accountant or tax counsel who prepares your taxes. When you sell your house for less than you owe the bank it's called a short sale. Nationwide, only about 1. In order to make this kind of sale work it's important to know what you're doing. My staff and I have the ability to move the “odds” into your favor. Program 3. 64. 8: Mortgage Forgiveness . Mortgage Forgiveness Debt Relief Act, to help stem the tide of foreclosures by removing the tax burden resulting from debt reduced through mortgage restructuring, as well as mortgage debt forgiven in connection with short sales. The Emergency Economic Stabilization Act, H. R. The Obama Administration has continued to pursue the foreclosure problem with the Financial Stability Plan that helps homeowners and lenders find solutions and alternatives to foreclosure. Program 3. 64. 8 is a privately sponsored nation- wide initiative to reach out to homeowners who are struggling with their mortgage payments and provide them with the information, guidance, and actual work that is required to avoid foreclosure. Certified Program 3. Specialists volunteer their time to assist as many homeowners as possible and all services provided by Program 3. The Program 3. 64. We realize that the only way that we can accomplish this goal, is though a ground army of volunteers that are willing to go directly to homes, hold homeowners hands, and walk them through the process of working with their lender, and proactively remedying the mortgage problem. How to Avoid Public Foreclosure A Homeowner Guide to Eliminate Mortgage Debt and Rescue Your Credit Rating Through Program HR 3648 Introduction.Robert Prophet is a Certified Program 3. Specialist. Robert will help you understand what options are available to you as well as let you know how you can work with your lender to take advantage of those options. For more information please visit Robert Prophet’s Program HR 3. ![]() ![]() ![]() STOP FORECLOSURE WITH PROGRAM 3648. You owe more than your house is. Program 3648 140 Whittington Pkwy. Certified Program 3648. Go to www.Program3648.org to review your. Foreclosure Program 3648 is a privately sponsored nation-wide initiative to reach out to homeowners who are struggling with their mortgage payments and provide them. Program 3648 - Can a Homeowner Benefit from A Short Sale? By: Candace Clayton There are many reasons to go the route of a Short Sale, in lieu of foreclosure. Welcome American Foreclosure Prevention Program. The federal government enacted H.R. 3648, the Mortgage Forgiveness Debt Relief Act, to help stem the tide of. ![]() ![]() Robert Prophet directly at 9.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. Archives
November 2017
Categories |