Community News | Financing | Misc | Sellers

Mortgage Forgiveness Debt Relief Act

  In a speech given recently to a housing industry group, Michael Stegman, assistant Treasury Secretary for Housing Finance Policy, made a plea for renewal of the Mortgage Forgiveness Debt Relief Act, which expired at the end of 2013.  The act, first passed in 2007 and extended in 2009 and 2011, is what is commonly called…

Sellers

What Escrow Does

A buyer, seller and lender have certain biased interests in any real estate transaction. Escrow is a nonbiased entity that protects all parties. This is why escrow was developed. As a buyer, seller, or lender, you want to be certain all conditions of sale have been met before property and money change hands. Escrow is…