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As you probably know the original $8,000 Home Buyer tax credit only applied to first time home buyers and capped the income of those eligible to purchase a new home using the $8,000 credit.
The House (H.R. 1245) and Senate (S.1230) have presented the following (CBS NEWS):
Increase the first-time home buyer tax credit from $8,000 to [...]
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How likely are you to leave a bad marriage if you have no education or poor career prospects? I realize there may be other factors such as children, years put into the marriage and each party’s willingness to work things out.
But let’s put that aside for the moment.
I have always always said that I [...]
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There’s been heavy talk recently around “walking away from foreclosures” and the devastating effect it’s having on banks and homeowners. Jingle mail occurs when the borrower drops the keys in the mail and sends them back to the bank as final step in walking away from their home due to a rising mortgage and hard [...]
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What are your rights with regards to Realtor representation agreements? Did you sign a buyer representation agreement? A seller representation agreement? If so, or if you’re considering it, this article is for you.
When we started the process of buying our home last year we went were forced to fire one and quickly find another. But [...]
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photo credit: pingnews.com
Some of you know that I am originally from Jamaica, for those that didn’t, well I am! How I ended up here in a America is a long story but the short of it is that my father died shortly after I came here to the States some years ago. [...]
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We all know conventional financial wisdom tells us we should put 20% down on a home, but I’ve always found it difficult to grasp hold of that theory especially now.
I moved to DC in 20003 when the real estate boom was in full swing. Houses were being bought and sold within a matter of [...]
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photo credit: Hamed Saber
I got it bad! Everyday I search real estate listings looking at McMansions. I know that we don’t plan to be here for very long, but, my husband wants to be in Upstate NY upon our next move. I on the other hand wouldn’t mind staying here in [...]
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Picture this scenario, the mortgage company receives an envelope, what they believe will be this month’s mortgage payment, is actually the keys to the house instead. The homeowner has vacated the premises, sending in the keys as a sign of surrender, but this is really the awful sound of foreclosure. Imagine the [...]
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CNN’s article Foreclosures: 100 Worst Hit Zip Codes certainly got my attention. I continue to be amazed at the steady increase of foreclosures across the nation. I keep asking myself, didn’t anyone think this would all come back to bite them in the arse later? How do you take on a [...]
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Over the weekend I came across this article in The Washington Post, Lower Rates, Coming Resets: An Opening For Refinancing which discusses the onslaught of refinances due to the adjustable rate mortgages that are about to reset.
Here are some of the more salient points in the article. Homeowners with ARMS should pay close attention:
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