Ever since the mortgage crisis took off in the US real estate market, things have never been the same again. Ordinary property prices for the masses clamped down hard and never bounced back in spite of all the optimism and the US bail out package.
Many househunters, particularly first-time home buyers, may not know exactly what they are getting themselves into financially when it comes to buying their first home. You must remember, there’s a lot more to consider than just the listing price. It is important to speak to a mortgage professional to receive a pre-approval to verify what you [...]
Our home was appraised for $435,000. We have no mortgage, but we do have an equity loan out for $50,000. Later this year, we may sell and purchase a home for around $400,000. We have a combined income of approximately $90,000/yr. Our credit is only good at best. My dilemma is, do we get another [...]
Mortgage Modification Conversion Drive:
New Changes:
* Lenders to PRE-APPROVE short sales.
* Lenders must FULLY RELEASE borrowers from any future obligation (no more deficiency judgment fear!)
* No more money out of pocket demands from second lien holders….or any payback of the debt what-so-ever.
* Borrowers who do a short sale will be PAID up to $1500 to do [...]
Post from: ShortSaleSellit.com
I am closing on a house and I should gross 110k for 2009. I have lived in two separate homes deeded to me and my ex (I believe the mortgage on the second home was in his name only) for the consecutive years of 2000-2005. Do I qualify for any of the tax credit?
Congratulations on [...]