Stop Foreclosure
The Obama Emergency Economic Stimulus Package
Requires Banks to Attempt A Work Out Plan With Homeowners Facing Foreclosure!
For FREE Report: "5 Ways to Stop Foreclosure in its Tracks"
Go to www.WeWillStopForeclosures.com
We work in close conjunction with DunLap Solutions, an Expert Mortgage Loan Negotation Company
We have specialized in helping homeowners all over New York State since the
The Mortgage Forgiveness Debt Relief Act
Program 3648 Mortgage Forgiveness Act was passed in 2007.
When the lender decides to forgive all or a portion of your debt and accept less, the forgiven amount is considered as an income for the borrower and is liable to be taxed. However, after the signing of The Mortgage Forgiveness Debt Relief Act of 2007 by President Bush, amendments have been made to remove such tax liability and allow the borrower and lender to work freely together and find a common solution that is beneficial to both the parties.
In October 2008 the Emergency Economic Stabilization Act extended mortgage forgiveness options for struggling homeowners.
In February 2009 President Obama signed the Federal Stimulous Package which makes it possible for troubled homeowners to qualify for various loan modification programs. In 2010 President Obama extended Program 3648 till 2011 and expanded it to include 2nd mortgages.
We use our knowledge of the law to negotiate with banks and restructure mortgage payments.
I have been trained to work with banks, sellers, and buyers to provide a painless way out for homeowners living under the threat of foreclosure. Don't Risk loosing your home to foreclosure, ruining your credit for the next 10 years, having your pay garnished, and being responsible for all liens incurred on your home in the process. Call an expert today!
