Loss Mitigation Services Accused Of Fraud By Feds

Federal Prosecutors Accuse Loss Mitigation Services Of Defrauding HUD, Fannie Mae, and Freddie Mac The owners and co-founders of Loss Mitigation Services are accused of defrauding Fannie Mae, Freddie Mac, and HUD. Federal prosecutors allege the Massachusetts based short sale company defrauded government agencies on nearly 100 short sale transactions.  Loss Mitigation Services negotiates with lenders […]

short sales

Short Sales Are Not Home Sales To Dwarfs

Short Sales Are A Great Tool If You Don’t Listen To Realtors I hear horror story after horror story from homeowners about real estate agents giving them bad advice on loan modifications and short sales.  The main problem is that real estate agents are generally clueless about the modification and short sale process. Although, they are […]


Is The IRS Driving A Stake Into The Heart Of Homeowners?

IRS Is Figuring Out New Ways To Tax Homeowners On Short Sales And Mods This letter from Michael Montemurro at the IRS to California Senator Barbara Boxer dated several months ago is making it’s way around the internet and is causing a mixed reaction from various groups. This letter is kind of shocking. The IRS […]

Homeowner Tax Cut Extended In “Fiscal Cliff” Deal

Forgiven mortgage debt excluded from taxable income In Fiscal Cliff Deal Steve Dibert, MFI-Miami Members of Congress actually did something to help distressed homeowners for a change.  As part of the American Taxpayer Relief Act of 2012 aka the “Fiscal Cliff” bill, distressed homeowners will not be required to include forgiven debt as part of their […]

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