In the world of home loans, there’s no shortage of disclosures banks are required to produce. But how many bankers said, “Oh, and by the way, if you spend this money on something other than your house and later need debt forgiveness due to a hardship, you’re going to owe the IRS”?
Read More...
In my industry, I often see people with financial difficulty being advised to file for bankruptcy. It’s almost a reflex these days because bankruptcy stops the collection calls and halts the foreclosure process. It provides a feeling of immediate relief and the chance to stay in your home for a little longer while eliminating the [...]
Read More...
Keep your eye on the future … Remember the scene in that old Mel Brooks movie “Young Frankenstein” where Igor is robbing a filthy grave and says, “It could be worse. … It could be raining,” and all of a sudden he’s caught in a terrible downpour? Well, believe it or not, we might be [...]
Read More...