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On April 13, 2011 the Federal Reserve published their findings after conducting on site reviews of foreclosure processing of the 14 largest mortgage servicers, including Bank of America, Chase, GMAC, Wells Fargo and Citibank...

Yes you can discharge your taxes in Chapter 7 and Chapter 13 bankruptcy if you meet the following criteria: 1. If the return was due (including extensions) less than 3 years prior to filing; 2. The return was actually filed less than 3 years before filing; 3. Taxes...

By improving your credit scores, you will qualify for better loans and credit cards. Improving your scored requires time and patience, but it is possible. FREE CREDIT REPORT- Your first step in the process should be getting your free copies of your three major credit...

When your lender agrees to a short sale of your home it is agreeing to cancel a debt.  The IRS in the past considered your lender forgiving a debt a taxable event. But, because of the real estate meltdown Congress passed the Mortgage Forgiveness Debt Relief Act of...

Completely erasing debt on your credit cards is a great way to improve your credit score. However, you can keep increasing your score by continuing to use your credit card lightly and paying the balances in full each month. This will prove that you can responsibly...

Home loan interest rates are at record lows yet many people hesitate to apply out of fear of getting rejected. There are many rumors flying around that are discouraging consumers from entering the housing market. However, getting approved for a home loan is easier...

A recent comprehensive report on self-represented litigants in the Central District of California Bankruptcy Courtwas conducted titled “Access to Justice in Crisis: Self-Represented Parties and the Court.” The report summarizes what the Court knows about its...

Some Fannie Mae and Freddie Mac borrowers could see their mortgages shrunk through principal reduction, as California makes an effort towards getting more homeowners into a foreclosure prevention program. State officials are now dropping a requirement that banks match...

Bank of America announced Tuesday that it has begun contacting about 200,000 customers who have fallen behind on home loans and who owe more than their current home values to notify them that they may qualify to have their loan balances reduced as much as $100,000....