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Luxury Homes Not Immune to Foreclosure

To most people, foreclosures seem like something that can only happen to everyone else. However, some mega-mansion owners have had a reality check as their luxury homes are placed under foreclosure. CNN Money recently showcased eight homes in located in some of America’s wealthiest communities across the country that are now finding themselves in the […]

Taxes on Phantom Income Haunt Foreclosed Homes

According to a recent post in the Equifax Personal Finance Blog, one of every 136 American homes received a foreclosure notice in the third quarter of 2009 (attributed to a statistic from RealtyTrac). For those who had some or all of a home loan cancelled after deeding the home to the bank, participating in a […]