On 10/9/09, the House of Representatives voted 416 to 0 to pass the Service Members Home Ownership Tax Act of 2009 [1] which extends the current $8,000 first-time home buyer tax credit for another 12 months for members of the military, Foreign Service,
Read More...
Extending the First-Time Home Buyer Tax Credit, due to expire at the end of November, is high on the Democratic Congressional to-do list, legislative aides said. After Wednesday’s meeting with President Obama and House Speaker Nancy Pelosi (D-Calif.),
Read More...
Buying a foreclosure or bank owned home often is appealing to buyers trying to stretch their dollars. It’s finding a good one can that can be a challenge. Many banks don't want to advertise their homes negatively as "bank-owned" because
Read More...
A study of 24 million credit files by national credit bureau Experian and consulting company Oliver Wyman has shown that home owners with high credit scores are 50 percent more likely to deliberately walk away from a mortgage than lower-scoring borrowers.
Read More...
APR Predators and APR Demystified First, lets demystify Annual Percentage Rate (APR). APR was designed to allow consumers to use one standardized number to compare the real cost of each lender's interest rate and it works like this. If I lend you,
Read More...