Help Available

Pre-foreclosure? Been served a Notice of Default?  There is help available. 

**Free Report**

Tax Relief for Troubled Homeowners

The Internal Revenue Service announced it will launch a special section on its website, www.irs.gov  to provide struggling homeowners with important information about how foreclosures can affect their tax status. The section includes worksheets, forms and explanations of the tax law as it applies to foreclosures. The agency says that although mortgage workouts and foreclosures can have serious tax consequences, some IRS relief provisions can soften the blow for financially strapped borrowers. The IRS also urges struggling homeowners to consider their options carefully before giving up their home to foreclosure.

WATCH: Freddie Mac Video on Mortgage Fraud

Freddie Mac has decided to produce an Internet video dramatizing a common foreclosure fraud scheme after a new survey found one-in-four delinquent borrowers go to the Internet before their bank or lender for information about avoiding foreclosure. Freddie Mac's anti-fraud video can be found at:

       http://www.youtube.com/AvoidFraud.

Freddie Mac's two-minute YouTube video uses professional actors
to demonstrate how con artists can:

        * Get copies of foreclosure notices at City Hall or a county courthouse;
        * Persuade distressed borrowers to give up the deeds in exchange
for suspicious promises to solve their financial problems;
        * Use the deeds to secure new loans for themselves; and,
        * Let the new loans go into foreclosure, which means the
homeowners looking for help can still end up losing their house.

Foreclosure Report Hits Home

 RealtyTrac, a leading online site for foreclosure properties, released its 2007 Midyear Metropolitan Foreclosure Market Report this week. The report shows Stockton, Calif., Detroit and Las Vegas documenting the three highest foreclosure rates among the nation's 100 largest metropolitan areas  during the first six months of the year.
      
 Three Tennessee cities were on their list, with one city - Memphis, TN - making it into the top 10, at  number 9, with 1foreclosure for every 49 households.  Nashville was ranked 61st, with 1 foreclosure for every 161 households; and Knoxville ranked 77th, with 1 foreclosure for every 246 households.

It's important you know that I have time for you, your family, friends, and neighbors who could use my help right now! My commitment is to make every client outrageously happy!

Visit www.CallSydney.com for complete Real Estate information!

Visit www.ListedBySydney.com to search all Middle Tennessee properties for sale!

131 Indian Lake Blvd
Hendersonville, TN 37075
 

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© Sydney McDuffie 2008