Tag Archives: borrowers

A Quick Guide to Buying Foreclosure Property

U.S. housing market is witnessing a fall in the mortgage rate consecutively for 6 weeks. Now when interest rates are at a new low, foreclosure home inventory is surging like never before. As per foreclosure report of RealtyTrac for Jan’14, … Continue reading

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Closing Process Improved With The New Disclosure Requirement

The revision and improvements in the disclosure form requirements has given the opportunity to moneylenders for improving mortgage-closing process. The proposal from Consumer Financial Protection Bureau in this regard also contains a provision wherein the delivery of this new Closing … Continue reading

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Can IRS delay your transcript even with a correctly filled 4506-Transcript form?

According to the current rules, a mortgage lender cannot approve a loan without verifying a customer’s tax information, received after submitting the form 4506-T. Any discrepancies with the filing can cause a delay for the lender and eventually for the … Continue reading

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