Tax Credit Extension

During a late session, the United States House of Representatives approved a bill to extend tax credit for new home buyers. This is an extension of a law signed by President Obama last year to stimulate real estate markets around the country. The bill is designed to help potential buyers who entered into purchase agreement […]

Many Will Benefit from the New Mortgage Modification Programs

The Obama administration’s announcement late last month that it will revamp its foreclosure prevention efforts by adding loan write-downs to banks’ tool-kits has generated considerable optimism that more loan modifications will stick. But a handful of analysts are tempering that optimism by pointing out that many of these programs face some of the same obstacles […]