Senate Votes To Extend Homebuyer Tax Credit WASHINGTON (AP) ― Senators have agreed to extend a popular tax credit for first-time homebuyers and to offer a reduced credit to some repeat buyers. Senators agreed Wednesday to extend a popular tax credit for first-time homebuyers and to offer a reduced credit to some repeat buyers. The [...]
Read More...RealtyTrac, an online marketer of foreclosed homes, says that despite concerted government-led and lender-supported efforts to prevent foreclosures, the number of filings hit a record high in the third quarter. “They were the worst three months of all time,” said Rick Sharga, spokesman for RealtyTrac. During the third quarter, 937,840 homes received a foreclosure letter [...]
Read More...According to the Center for Responsible Lending, a nonpartisan watchdog group based in Durham, North Carolina, there are more than 6,600 home foreclosure filings per day in the US, and with two million this year alone, the flood shows no signs of abating. Foreclosures, which started with subprime borrowers, have now moved on to the [...]
Read More...Stop Foreclosure with Loss Mitigation Programs Loss mitigation programs were established by the federal government and the mortgage industry in order to stop home foreclosures. They help foreclosure victims in default on their mortgages to find alternatives to home foreclosure. Every homeowner’s situation is unique and each lender has their own policies regarding the use [...]
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