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Tips to Avoid Foreclosure on Your Home

Tough economic times coupled with medical bills, cost of living and mortgage payments can make finances difficult to manage. Out of everyone affected, senior citizens have been most affected by the foreclosure crisis. For those of you having trouble making payments on your homes, don’t lose hope yet! There might still be a way to save your home by working with your bank.

Ilyce Glink of the

Equifax Personal Finance Blog has some helpful advice that might just help those in fear of foreclosure save their homes. In a recent post,

“Can I Save My Home From Foreclosure?”, Glink recounts what she has learned from people across the country. She says the trend tends to be that many people (and seniors) she encounters are struggling financially, both indirectly and directly, due to expensive medical bills and other living expenses. (Continued…)

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Involved in a Short Sale or Foreclosure? Get Tax Help

If there is a possibility that you may owe money on your taxes, the last thing you want to do is hand over cash so that a third party can tell you that payment is due. However, if you experienced a foreclosure or short sale on your real estate last year, you may want to think again according to tax expert Eva Rosenberg’s article, “Filling Taxes 2011: Should I Do My Own Taxes?

Rosenberg’s article, posted on the Equifax Personal Finance Blog, provides a list of scenarios in which having your taxes prepared by a professional is safer than not. Such situations include taxpayers who own one or more businesses and those who have multiple jobs. Also included on the list are people who sold their primary residences at a loss, through a foreclosure or short sale.

The issue is not with tax filing software. Actually, Rosenberg acknowledges such programs’ usefulness to the average taxpayer: Those whose finances are straightforward and uncomplicated. These people definitely take advantage of the opportunity to save money by filing their own returns.

For more information including full lists of scenarios, check out Rosenberg’s article on the

Equifax Personal Finance Blog.

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