By: mikerebroker
I would like to start this conversation by asking you what are most lenders doing when asked to pay for past due HOA bills. Can you help us with this?
View ArticleBy: Lenderhelp Inc.
Most lenders are NOT approving past due HOA fees. We advise our client to keep there HOA dues current is possible. We will go more in depth later on this week as we put together a best practices for...
View ArticleBy: Homeownerbythesea
Do I get a 1099 if a home is foreclosed on or just on a short sale?
View ArticleBy: jonathanp
What does it mean when my loan is discharged? I have a first with litton and a second. I am trying to work out a loan modification and my second has been discharged. Any info you can give me would help.
View ArticleBy: Lenderhelp Inc.
Yes, you will receive a 1099 if there has been any debt left unpaid or forgiven. You will receive 1099C (Cancelation of Debt) for Short Sale and 1099A for foreclosure. In some cases the bank will go...
View ArticleBy: Lenderhelp Inc.
It’s common for jr lien holder to charge off the balance of their loan. The jr lien (second or third loan) will often do this when there is no equity and will often write off (charge off as bad debt)....
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