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Testimony in a New Jersey foreclosure case decided last week may spell big trouble for Bank of America (BAC). If what one bank employee said on the stand proves to be accurate, paperwork problems it acquired when it purchased the failing mortgage provider Countrywide in 2008 could leave BofA on the hook for billions of dollars.
Linda DiMartini, a ...
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More Than One In Three Say It's Okay To Walk Away From Mortgageby Broderick PerkinsThe majority of Americans, say it's "unacceptable" for homeowners to stop making their mortgage payments and abandon their homes, but more than a third, 36 percent, say "walking away" is okay.A Pew Research Center study found ...
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Taxpayers Seeking Homebuyer Tax Credits, Refunds Must File Paper
Homeowners filing for the home buyer tax credit are not allowed to use electronic filing and must file hard copies due to special documentation requirements.
Earlier this year, the Internal Revenue Service (IRS) deployed new home buyer tax credit forms and instructions ...
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The Offer: There's More to It Than Just The Price
Fixating on price in real estate may cost you the deal:
Sellers who decide that a specific dollar figure will buy their home and won't budge from that bottom line may sell themselves short. Buyers who drop out of a transaction for a property they love because the ...
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A new survey reveals that savvy consumers cashing in on the new and improved homebuyer tax credit are helping fuel economic recovery.
The vast majority of current homeowners say they would spend the expanded version of the homebuyer tax credit on repaying existing debts, home improvements, savings and investments and household expenses, ...
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When most sellers list their home for sale the first thing they think about is how much will I get and that is usually followed by how soon will I get the money. It's certainly understandable that those two concerns are, most often, top of mind. After all, you're likely selling your home to buy another one or invest the money in something ...
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Ever get the feeling that sometimes, just sometimes, the universe is
just not going your way? That after the Big Bang, the rest of the
cosmos is speeding off in one direction, while you are stuck at a bus
stop in Secaucus?
Well, if you are a potential home buyer, you may soon feel that way as
the government announces it will cost you more ...
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In recent months the media has been reporting the doom and gloom situation of the housing market, but the true condition does not draw quite the same picture. Yes our numbers are up in specific regions, but in other regions our numbers have dropped. The trend of foreclosures are not universal. The trend may become universal in the future, ...
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