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Matthew T. Desrochers-Blog


Posted by Matthew T. Desrochers | Mar 27, 2020 | 0 Comments

Public Service Announcement: REGARDING YOUR MORTGAGE PAYMENTS AND COVID-19 As most of you know; Congress and the President recently passed new legislation that will help with the economic effects of the COVID 19 outbreak.  I wanted to put this out to inform people as to what this legislation is ...

Massachusetts Department of Revenue-Tax Seizure

Posted by Matthew T. Desrochers | Jul 22, 2019 | 0 Comments

Today I was doing errands and I noticed a business that I had frequented; I noticed this on the front door of the restaurant. The Massachusetts Department of Revenue had SEIZED the business and completely shut down the business. This establishment had been around for several decades and it is a s...

Consumer Financial Protection Bureau-Update

Posted by Matthew T. Desrochers | Sep 19, 2018 | 0 Comments

The Consumer Financial Protection Bureau (CFPB),is an  Federal agency of the United States government responsible for consumer protection in the financial services industry and businesses; this includes banks, credit union, mortgage companies and mortgage servicers such as Mr. Cooper, Bank of Ame...

Obtaining a NEW mortgage AFTER a SHORT SALE

Posted by Matthew T. Desrochers | Sep 13, 2018 | 0 Comments

Short Sale Explained The owner of a home wishes to sell the property. However, the value of the property is less than what the person owes. When the home is sold, the transaction is known as a short sale. This is a very difficult situation for the homeowner and usually, the person wi...

It helps so that you have the ability to get ideal employment at a later stage you acquire adequate academic certification.

Posted by Matthew T. Desrochers | Dec 26, 2017 | 0 Comments

The introduction is truly an overall outline of junk youll discuss within the physique or your composition. A nicely structured describe is actually a requirement for generating a flourishing article. Expository documents may include distinct approaches, for example compartmentalization or cause...

Taxes on Debt Settlements and Short Sales

Posted by Matthew T. Desrochers | Mar 21, 2017 | 0 Comments

There are times when you have to fill out a Form 1099 and will have to pay taxes on that amount because you earned an “income” on your debts. For instance: When you settle out a debt with a credit card company and the difference between what you pay and what you owed is greater than 600. When...

Beware of Mortgage Audits

Posted by Matthew T. Desrochers | Mar 21, 2017 | 0 Comments

Recently, there has been another scheme put into place by people that want to steal your money; they are called mortgage audits. The FTC and many Better Business Bureaus have been receiving complaints. Yes, there are good mortgage audits. So how do you tell which ones are bad? Upfront Fees P...

A Few Downfalls of Short Sales

Posted by Matthew T. Desrochers | Mar 21, 2017 | 0 Comments

1. Your credit score will drop. Since you must be at least 90 days late in your mortgage payments your score will drop around 140 points.2. If your bank decides to, it can choose to sue you for the difference from the short sale and what you owe.3. The bank gets the final approval on the sale and...

Short Sale Numbers

Posted by Matthew T. Desrochers | Mar 21, 2017 | 0 Comments

Short sales increased 19 percent in the second quarter of 2011 and account for 12 percent of all sales nationwide. Distressed property sales, including foreclosure sales and short sales, accounted for 31 percent of all U.S. residential sales in the second quarter, down from nearly 36 percent in ...

Recent Foreclosure and Loan Modification Numbers

Posted by Matthew T. Desrochers | Mar 21, 2017 | 0 Comments

55,687 homeowners received permanent, proprietary loan modifications in July compared to 50,283 in June, an increase of 11 percent. Of proprietary loan modifications that were completed, 80 percent (44,413) included reduced monthly principal and interest payments with 60 percent (33,302) receivi...

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