Disclaimer

While the authors have used best efforts in preparing the information, there are no representations or warranties with respect to the accuracy or completeness of the contents. The publisher and author specifically disclaim any implied warranties of merchantability or fitness for a particular purpose. No warranty may be created or extended. The advice and strategies contained herein may not be suitable for all circumstances.  Materials available on and throughout this website are prepared as a public resource and based upon information available to the authors at the time of publishing and their own experiences.  The information provided is not intended to be, nor should it be, considered legal or tax advice.  In the case of foreclosure proceedings, readers are advised to consult a tax specialist  to discuss the tax implications of whatever option is pursued whether it is a short sale, deed in lieu of foreclosure, or actual foreclosure.   Depending on which choice is pursued, a borrower could experience both recognition of ordinary income from the cancellation of debt and capital gains. Please check with your tax specialist.  Foreclosure laws vary by State and therefore, it is important to consult a local real estate attorney to confirm your specific rights and obligations.  At no time should a payment be missed intentionally.  Loan modification guidelines and initiatives are changing.  Theories, strategies and ideas are applicable to change and or rendered outdated at any point without notice.  The authors / owner / Michigan Mortgage Modification LLC do not guarantee a successful loan modification.