Mortgage, debt management and personal finance in the news.

How to avoid foreclosure prevention scams

With foreclosures rising rapidly, the scammers are coming out of the woodwork. They have several ways to separate you from your money and your house:

One is to have you sign over title to your …

Bush takes tax bite out of “short sales.”

President Bush has signed the Mortgage Forgiveness Debt Relief Act into law. The measure will waive taxes for homeowners who get any debt forgiveness as part of a workout or foreclosure proceeding.
There are two …

Did you use your charge card abroad? Read on.

The US District Court in Philadelphia wants to talk to you. Visa, Mastercard and Diners Club have agreed to settle a class action suit that charges that they “.. conspired to set and conceal …

Bankruptcy courts may get new powers over mortgage loans

The house has been working on a bill which would give bankruptcy courts the right to rearrange the terms of certain mortgage loans in favor of the borrower. As it works now when you …

Will you qualify for a mortgage bail-out under new plan?

Faced with a looming tidal wave of foreclosures when millions of mortgages that had a two or three year introductory rate ratchet up to new and often unbearable highs in the next two years, the …