Mortgage Relief

Latest Mortgage Relief Articles

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  Why haven’t 19 million homeowners refinanced their mortgages yet?

  Closing costs pose a hurdle to homeowners thinking about a refi.

  4 min read Sep 15, 2020
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  Ask Bankrate: Questions about mortgage rates, forbearance relief, real estate and more

  Readers ask: How low can mortgage rates possibly go?

  5 min read Jul 24, 2020
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  The lingering record of your foreclosure

  After a foreclosure, your credit record is affected for years. What if you co-signed?

  2 min read Feb 28, 2014
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  Short sale could beget hefty tax bills

  The tax clock is ticking for homeowners considering short sale and facing foreclosure.

  3 min read Oct 03, 2012
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  Will bankruptcy solve mortgage crisis?

  Debts, including mortgages in foreclosure, might be a good reason to see if bankruptcy can help you.

  2 min read Aug 23, 2011
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  What does it mean to claim insolvency?

  The definition of assets is important in determining the extent to which a person is insolvent.

  3 min read Sep 16, 2010
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  Avoiding taxes on a foreclosed rental

  To avoid paying capital gains tax on a foreclosed rental, the homeowner has to consider bankruptcy.

  3 min read Mar 11, 2010
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  How to report taxes on foreclosed homes

  When the bank issues a 1099-A on foreclosed homes, there usually is no tax impact.

  2 min read Feb 16, 2010
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  Pay IRA penalty or foreclose?

  To save a home with nearly $200,000 in equity, be willing to pay a penalty — or maybe not.

  3 min read Sep 15, 2009
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  Taxes on mortgage default

  The bank’s actions will determine the tax consequences of walking away from your mortgage.

  2 min read Jan 27, 2009