Texas Bankruptcy Laws

Lenders, mortgage insurers pull back (Pittsburgh Post-Gazette)  In recent weeks, mortgages quietly became harder to get. Mortgage insurers require higher credit scores and bigger down payments than they did a month or two ago. ...read more...


Mortgage giant boots board chief (Fort Wayne Journal Gazette)  SEATTLE ? Washington Mutual Corp., hard-hit by the mortgage and credit crises, said Monday it will replace Chief Executive Kerry Killinger as chairman of the board and take other steps


Stocks Extend Plunge; Dow Falls 306   A worker climbs scaffolding on a new home construction project in Park City, Utah, on Thursday, Jan. via The Washington Post read more...


Bill would allow investigation of lenders  It will remove an exemption from the state's Consumer Sales Practice Act of 1972, and allow him to investigate and prosecute mortgage lenders who engage in "deceptive, unfair or unconscionable


Don?t walk away from mortgage (Quad-City Times)  Q: I have a home valued at $140,000, but I owe approximately $160,000. I have a first mortgage of $121,000 and a second at $38,500. My wife and I are


Conn. man accused of massive fraud arrested in Stratton  A Greenwich, Conn., developer with vacation home here was arrested by Winhall and federal authorities Tuesday for allegedly scheming to defraud a number of banks out of more than $20

August 22nd, 2008

A Sham of a Tax-Avoidance Idea

Q When my wife and I married three years ago, I owned my house free and clear. We bought a new house together and wanted to keep my house as a rental. I knew that I had three years to sell the house to avoid a capital gain.



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