Archive for June, 2009

Getting Rid of Mortgage Insurance

Many people want to know what the best way to “get rid” of mortgage insurance — either Private Mortgage Insurance (often referred to as PMI) or FHA Mortgage Insurance (acts just like PMI, but payments are made to HUD, not a private mortgage insurance company). If you want to avoid PMI altogether, you must put […]

Divorce and Bankruptcy

In these troubled economic times, more and more people are turning to the protection of the U.S. Bankruptcy Code to resolve their debts and protect their property from foreclosure and repossession. More than 1 million people filed bankruptcy last year alone, and the numbers are only climbing as the recession hits homes. Some people are […]

Divorce Recovery: Releasing the Toxic Emotions

Shelley StileLife Coach/Divorce Recovery for Women The way to recover and thrive after divorce is simple: Until you can release the toxic emotions surrounding your divorce, it is impossible for you to move forward in life and be happy.  It takes enormous commitment and effort but it can be achieved.  If you want to lead […]


By John J. Stockdale There are many complex tax questions that come up when a person divorces. It is impossible to address all of them without knowing the specific facts in each case. However, the simple answers to some general questions that almost always come up are listed below. Each situation is almost always more […]

HUD Conference Call To Discuss Tax Credit And Manufactured Home Guidelines

Everyone is full of questions about the recent HUD Mortgagee Letters on the monetization of the first time homebuyer tax credit and the new manufactured home guidelines. Here is your chance to get the information straight from the horse’s mouth. On Thursday June 4, 2009 at 3PM Eastern time HUD is having a conference call […]

HUD Still Does NOT Allow $8000 Tax Credit For Minimum Investment

At least they don’t do so in any way which stands much chance of meaningful success in the the real world. Here is the direct quote from HUD Secretary Sean Donovan’s May 29, 2009 press release: “Home buyers using FHA-approved lenders can apply the tax credit to their down payment in excess of 3.5 percent […]

Massive HUD Crackdown Kills Off 102 FHA Lenders

I was fairly excited to see HUD’s press release on Thursday that they had taken action against more than 120 lenders who had violated HUD guidelines. 102 FHA approved lenders were cut off from participation in the FHA program for various reasons. This excitement was only slightly tempered by my knowledge that some of the […]

2nd Update: HUD’s Monetization Of The $8000 First Time Homebuyer Tax Credit

Just a short update to make sure the latest information is available on the site – even though what I’m about to tell you isn’t really “information” yet in my view! According to a report in Realtor Magazine, HUD spokesman Lemar Wooley has stated that the proposal is still on track. As I suspected from […]