Trilogy Property Solutions
Lenders accept a short sale
While most lenders will not be thrilled at the prospect of a short sale they are acutely aware that a foreclosure is usually a far more time consuming and costly option. In a real estate market where housing values are going down it is in the best interests of the lender to liquidate their problem loans as quickly as possible.The Mortgage Relief Act
President Bush will include the Mortgage Relief Act in his initiative to assist homeowners damaged by troubled mortgages. The Mortgage Relief Act, would change current law that forces individuals to pay an income tax when they have had a part of their mortgage loan forgiven or have been forced to foreclose because of their inability to pay their mortgage. The Mortgage Relief Act will relieve families of a tax burden when their lender forgives part of the mortgage on a principal residence.Learn more about the foreclosure laws and timelines in your state. Select your state below and you will be presented with the foreclosure laws and timelines for your state. Please read our disclaimer for this information and if you have any questions about the terminolgy, you can refer to our helpful glossary.
