New Home Sales Down 7.6% In December.
According to this article from the AP, new home sales fell 7.6% last month.
The Commerce Department said December sales fell to a seasonally adjusted annual rate of 342,000 from an upwardly revised November pace of 370,000. Economists surveyed by Thomson Reuters had forecast a pace of 370,000 for December.
It’s mildly surprising given that the home [...]
Mortgage Debt Relief in Effect Until 2012.
Before The Mortgage Debt Relief Act of 2007, you would owe taxes on any amount of debt that was canceled or forgiven. The Mortgage Debt Relief Act allows those who cancel or reduce mortgage debt through mortgage restructuring or foreclosure to avoid paying taxes on the amount forgiven. It’s a good thing too - Can [...]
What you need to know about buying a foreclosed home.
To say that this is a buyer’s market is an understatement to be sure, but that doesn’t mean it’s a no brainer. While there are an unprecedented number of homeowners walking away from their mortgage, creating a record number of foreclosures, it’s still easy to make costly mistakes. Here are some tips to ease the [...]
Tips to Avoid Foreclosure Scams!
When a public notice of impending foreclosure of your house is released, this can generate unwanted solicitations from unscrupulous agencies that promise to help you avoid foreclosure.
Sometimes these scam artists can take the guise of a mortgage restructuring firm, and often times promise their “clients” they have received a high success rate of stopping foreclosures.
If [...]
by Email








