Home Affordable Foreclosure Alternatives Act (HAFA) will hopefully change the dire process of short sales.
Tag: Real Estate
More Pressure on Four Major U.S. Banks
Chief executives of Bank of America Corp., Citigroup Inc., J.P. Morgan Chase & Co. and Wells Fargo & Co. received a letter from Rep. Barney Frank, chairman of the House Financial Services Committee. This letter was requesting more action from these lenders be done to assist homeowners in who owed way more on their mortgages […]
Most Expensive Real Estate Sale of the Year
Tom Hanks along with his wife Rita Wilson has started off the year with the most expensive home purchase…
Trump vs. Icahn
Carl Ichan, one of the investor giants is on a new venture. He has set his mind to seize yet another well known company, a few actually…
Interest Rates, Housing Market and The Economy
We have been on a crazy ride with the housing market, fluctuating interest rates and the economy. S&P/ Case-Shiller • Home price index has dropped 2.5% compared with last year’s index • End of 2008, home prices had fallen 18.2%, compared to 2007 • Increase of 0.3% in home prices in December and November • […]
Million Dollar Homes Dropping Their Prices
Not only is the average housing market dropping prices, million dollar homes are seeing dramatic…
New Guidelines: Home Buyer Tax Credits
The two home buyer tax credits have helped many first time home owners. The IRS has found that more information is needed to prevent any type of fraud in the program. In 2009 people had claimed and received $8,000 checks for transaction that never occurred.
Top Five Most Expensive Homes of 2009
Last year the real estate market did not have the most prosperous year.
What to Look Out For When Filing Your Taxes
First-time home owners • What are points? o Fees paid to your lender when applying for a mortgage or loan. o If paid up front, can be tax deductible o Only tax deductible if the loan is for the purposes of purchasing or improving your personal property. Investment properties will not qualify.
Eddie Murphy’s Mansion
The actor has starred in movies like The Nutty Professor, Beverly Hills Cop and Shrek, to name a few. He has listed his house for sale and so far has had no luck selling the property.