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Showing posts from May, 2019

IRS Tax Settlement - Overview

Tax debt and delinquent payments can be tough so you have to prepare yourself for what you should be expecting and dealing with. Before you get scrutinized and hounded by the IRS, look to getting into an IRS tax settlement program. Explore your options and look for solutions in order to resolve this tax issue as quickly as possible. There are IRS tax settlement options for your specific case. Before you start an IRS tax settlement live transfers program, get your documents and records ready. Make sure that you have filed your tax returns properly. If not, you can consult with a tax attorney or a professional who can look into your files and even find ways to lower your tax liability. They can prepare an amended tax return and give you advice on dealing with tax debt. Be ready with your financial records so that they can perform an assessment and get a clear look at your situation. They can help you present your case properly to the IRS. This should give you an easier time in ...

What is a Mortgage Modification and it’s Benefits?

Mortgage modification can take several forms. These often consist of lowering rates or extending loan terms. In some cases, a lender might roll the overdue amounts into the original balance in a process called reamortization. If you have an adjustable-rate home loan with an increasing rate, a modification might involve switching to a fixed-rate mortgage. Mortgage Modification Options ·          Permanent or temporary interest rate reduction, lowering monthly costs ·          Loan term extension, providing more time to pay off the loan ·          Re-amortization, adding overdue amounts to the unpaid principal balance ·          Change in mortgage loan type A mortgage modification can save you from foreclosing on your home, but it comes at a cost. Depending on how the lender reports your modification to the cre...