Category Archives: Foreclosure Prevention
Mortgage Defaults Increase Despite News of Economic Recovery
A growing number of Americans aren’t going to be home for the holidays this year – and it’s not because they’re traveling. Despite news that the economy is under recovery, foreclosures are again on the rise as a growing number of borrowers with good credit and fixed-rate loans default on their mortgages. It’s just the… Read More »
Uncle Sam Extends Homebuyer Credit, Unemployment Checks
Sometimes finding help is as easy as asking for it. Uncle Sam heard our cries for help loud and clear – in one particular case, at least. With the housing and job markets lagging behind recent economic progress, Congress has just opted to expand a popular homebuyer tax credit and continue handing out unemployment checks…. Read More »
New Credits, Extensions Available for Homebuyers and Unemployed
If you’re facing foreclosure, you’re officially running out of excuses. But that’s good, right? Just this week, Congress decided to extend the tax credit for new homebuyers beyond its original Nov. 30 deadline. That means you could be eligible for $8,000 back on your taxes when you purchase a property. Better yet, the government has… Read More »
New Home Sales Fall While Congress Debates Extending Tax Credit
The economy is picking up momentum, but it’s not necessarily going to be a smooth ride. Case in point: sales of new homes recently dropped for the first time in six months. Until now, home sales had been on the upswing since the market hits its roughest patch this January. You can blame the decline… Read More »
Temporary Tax Credit Isn’t the Only Way to Save on Your Mortgage
The most popular – yet elusive – Christmas gift this year is too big to wrap. In recent months, potential homebuyers have been scrambling to take advantage of the temporary homebuyer tax credit of up to $8,000 before it expires on Nov. 30. But you don’t have to rush into buying a house before you’re… Read More »