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US Senate Agrees on Foreclosure Prevention Bill
With this new bill bankruptcy judges will be given the power to alter borrowers mortages, provide for councling and also a $7000.00 Credit for buyers who buy foreclosed properties. See entire article at http://www.bloomberg.com/apps/news?pid=20601087&sid=ahxzNeEDeWoU&refer=home
Tags: Buying, Foreclosures, San Digo Real Estate
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Time to Move Up? Now May Be the Perfect Time. (0)
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Good News For […]
Time to Move Up? Now May Be the Perfect Time.
With all the negative talk in the media, why should we sell our house? The value of our home has gone way done. We made all these improvements and why should we sell for so much less? These are all very true statements. No body wants to give their home away. Now lets look at […]
Mortgage Forgiveness Debt Relief Act of 2007
President Bush signed H.R. 3648, The Mortgage Forgiveness Act of 2007, into law, sparing homeowners the tax burden associated with canceled mortgage debt. Prior to this action, forgiven mortgage debt due to foreclosure, short sale, or deed in lieu of foreclosure, was considered taxable income. The new law, however, temporarily waives these taxes for debts forgiven […]
Good News For Home Buyers
Good news for home Buyers. The Fed is increasing the the limit conforming limit from $417,00 to $729,750 in some areas. The link below breaks down the dollar amount by state and Metropolitan area.
”The Office of Federal Housing Enterprise Oversight (OFHEO) today announced it has temporarily increased limits on conforming loans offered by government-sponsored enterprises, Fannie […]
