Consumer Help Directory

These links are not an endorsement by LAR but are intended to provide information about foreclosure assistance available to the consumer.

Foreclosure Assistance

Click the buttons below for help with foreclosures, notices of defaults, and short sales
Foreclosure News Hints from HUD HUD Approved Counselors Debt Relief Act
BUSH ADMINISTRATION’S FORECLOSURE PREVENTION INITIATIVES HELPING FAMILIES KEEP THEIR HOMES These guidelines will assist owners who are struggling to pay their mortgage & could be threatened with foreclosure Want advice on buying a home, renting, default, foreclosure, credit issues or reverse mortgages?    
Foreclosure News Hints From HUD HUD Approved Counceling Debt Relief Act 2007
 

Foreclosure Purchases

 Market Trends Additional Help

A HUD home is a 1 to 4 unit residential property acquired by HUD as a result of a foreclosure action on an FHA-insured mortgage.

 Home sales in September continued to slip below the record-setting levels of 2005 as the market began its transition. How to find your lender, how to find independent, non-profit counsels and Department of Justice-approved credit counselors.
Buying HUD Homes Trends from CAR More Help
 

IRS Home Foreclosure and Short Sale Q&A

With the recent changes in the housing market there has been a rise in foreclosures as well as a rise in short sales. In a short sale, a home is sold for less money then what is left to pay off the mortgage. When this happens, a lender may be willing to forgive the remaining debt. However, both of these sales have tax consequences that need to be addressed before the sale of the house. For example, in a short sale, the amount of debt forgiven is taxed as income and will be included in your yearly tax return. The IRS recently posted a Question & Answer bulletin to help address some of these questions. The Q&A can be found on the home page of the IRS: www.irs.gov or directly at: http://www.irs.gov/newsroom/article/0,,id=174034,00.html.