Kevin W Hardin

Kevin W Hardin BIO The Mortgage Mediation Group assists homeowners, attorneys, realtors, loan officers, and other professionals with issues related to Mortgages. These issues may be Credit Report Errors, Short Sale, Loan Modification, Foreclosure, Deficiency, RESPA, TILA and Post Foreclosure-related claims under the California Homeowner Bill of Rights. Kevin W Hardin is the Specialized … [Read more...]

Expiration of The Mortgage Forgiveness Debt Relief Act

Expiration of The Mortgage Forgiveness Debt Relief Act Did it kill short sales? It should have had little impact on them. Expiration of The Mortgage Forgiveness Debt Relief Act (MDRA) has left questions in the minds of Arizona and California homeowners. Will homeowners owe a tax to the IRS if their lender forgives their mortgage debt in a foreclosure or short sale? While there are many articles … [Read more...]

Mortgage Forgiveness Debt Relief Act Ends 2013

Mortgage Forgiveness Debt Relief Act WHY THE EXPIRATION OF THE MORTGAGE DEBT FORGIVENESS ACT RARELY APPLIES TO ARIZONA SHORT SALES AND FORECLOSURES After years of extensions to the Mortgage Debt Forgiveness Relief Act, this act will expire at the end of this year. As a result, homeowners were pressured to sell their properties prior to the end of the year and if unsuccessful, told that … [Read more...]

Return of the piggyback loan

The piggyback loan is making a comeback according to an article in Mortgage Professional America. Piggyback Loans were all the rage during Arizona's real estate bubble. Alternative Agency Loans a.k.a. Alt-A or non Fannie and Freddie conventional loans, allowed a homeowner to go to 100% of the homes value at $0 down and avoid private mortgage insurance (MI). Today the piggyback loan that is … [Read more...]

Declined For HARP

Declined for HARP; What do I do now? So, you have been through every lender there is and cannot secure a HARP refinance. What do you do now? If you are reading this you owe more than your home is worth. According to a Q1 2013 report form Corelogic, Arizona is running almost 30% of homes are underwater or in negative equity position. California is running close to 25%. The market has improved … [Read more...]

You Do Not Need The Mortgage Debt Relief Act In Arizona Or California To Short Sale

You Do Not Need The Mortgage Debt Relief Act In Arizona or California To Short Sell Your Home. Due to the potential expiration of the Mortgage Debt Relief Act last year in December 31, 21012, Realtors had underwater Arizona and California Homeowners running for the short sale because if they waited too long they would not close in 2012 and might now owe taxes on a short sale or foreclosure if … [Read more...]

Price recovery in most housing markets will slow down

Price recovery in most housing markets will slow down Article in Housingwire today discussed that in some markets price appreciation or price recovery will begin to slow down, possibly even go backward. In Arizona, which has seen some of the greatest recovery as it was one of the hardest hit states, will see some flattening of pricing. "The data index reported that the markets with the strongest … [Read more...]

It doesn’t really matter that the the MFDRA expires this year

It doesn't really matter that the the MFDRA expires this year           Ok, that is not completely accurate, but neither is the information flooding the market that homeowners who did not start their short sales already and don't close by the end of the year when the Mortgage Forgiveness Debt Relief Act ( MFDRA ) is going expire are going to owe taxes. As both a Creditor / debtor and a Tax … [Read more...]