Hardship

Housing and the 2016 Presidential Election

September 28, 2016

What will the next four years look like if the housing market impacts your vote for president? GBSS and the Closing Table Blog examine the options. During Monday night’s debate, Republican nominee Donald Trump responded to Democratic nominee Hillary Clinton’s assertions that he “rooted for the housing crisis” by saying it was “called business.” Embed […]

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Large Inventory of Foreclosures in Massachusetts Just Now Coming to Auction

September 14, 2016

Foreclosure auctions in Massachusetts were up 44 percent over the first seven months of this year, as compared to the same period in 2015. David Cotney, the Massachusetts Commissioner of Banks, told MassLive that the state is currently “having to clean out a large inventory of mortgages that have been in default for years.” Massachusetts […]

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Senate Passes Mortgage Debt Relief Act Extension

December 17, 2014

As reported December 17, 2014, by National Mortgage News: The Senate approved a bill late Tuesday that would retroactively extend over 50 expiring tax provisions for one year, including the Mortgage Debt Relief Act,  a 2007 law that shields distressed homeowners from paying taxes on any mortgage debt forgiven in a short sale. The Senate approved […]

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Five Things To Avoid When Writing Your Short Sale Hardship Letter

June 25, 2011

When working with Massachusetts short sale candidates, the most daunting task always seems to be writing the hardship letter. All homeowners requesting a short sale are required to provide the lender with a hardship letter. The hardship letter is your best, and only, opportunity to explain to the lender why you are no longer able […]

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How To Qualify For A Massachusetts Short Sale: The Involuntary Hardship

June 4, 2011

As someone who exclusively negotiates Massachusetts short sales, I receive about three to five new short sale referrals every week from local real estate agents or distressed homeowners. While it may come as a surprise, I actually reject quite a few of these short sale requests. The most common reason I refuse to submit a […]

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