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Monday, September 05, 2011 4:27 PM

Gov’t Criticizes Banks for Failing More Home Owners

Bank of America and JPMorgan Chase, two of the country’s largest lenders, are not doing enough to help home owners avoid foreclosure, the Treasury Department said Thursday. Many home owners who have been eligible for loan modifications have been
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Saturday, July 30, 2011 4:36 PM

Brokers Expect REOs to Trigger More Legal Disputes

--> Nearly 60 percent of real estate professionals say they believe REO-related disputes will increase over the next two years. What’s more, 76 percent said they believe it will be among the top three issues they will face in real estate, according
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Sunday, July 10, 2011 8:09 PM

Fastest Way to Sell a Home? Underprice By 10%

Home sellers probably won’t be too happy, but housing experts in an article at CNNMoney say that underpricing a home by 10 percent may help it sell faster. And while sellers may lose out on thousands from the sale, they likely will avoid months
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Thursday, June 30, 2011 12:12 PM

BofA Nears $8.5 Billion Record-Setting Payout

Bank of America Corp. is near a settlement to pay $8.5 billion to mortgage investors who claim the bank sold them fraudulent mortgage securities, The Wall Street Journal reports. The mortgage securities in question, originally valued at $105 billion,
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Wednesday, May 11, 2011 10:51 AM

Home Vacancies, Mortgage Delinquencies Drop

Mortgage delinquencies on single-family homes continued to inch down in March, as did first-quarter home-owner vacancies, two government agencies report this week. For the fourth straight month, mortgage delinquencies dropped in March as delinquencies
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Wednesday, May 11, 2011 10:47 AM

Cheaper to Buy Than Rent? In Most Cities, 'Yes'

Cheaper to Buy Than Rent? In Most Cities, 'Yes' Americans in 39 of the country’s 50 largest cities are finding it’s cheaper to buy a home than rent one, according to Trulia’s second quarter Rent vs. Buy index. In its index, Trulia
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Sunday, May 08, 2011 12:20 PM

What Celebrities Desire in Homes

Celebrities often have slightly different priorities when shopping for a home than the average home buyer. Here are a few top items often found on their priority list when home-shopping, according to the Zillow Blog. 1. Privacy. Most often a top priority,
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Thursday, April 07, 2011 12:21 PM

FTC Warns of Timeshare Scam

Timeshare owners who are desperate to get rid of their properties are increasingly becoming targets of scams that promise to get them out of the deals and even help them make a profit, the Federal Trade Commission warns. The FTC recently filed a lawsuit
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Thursday, April 07, 2011 12:11 PM

Revamped Foreclosure Procedures Coming Soon

The country’s top mortgage servicers have reportedly reached an agreement on changes to their foreclosure procedures. The consent agreement has not yet been made public, but The New York Times was able to get a preview of what the agreement contains
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Saturday, April 02, 2011 11:22 AM

Home Sells for Record Price

A Russian investor paid $100 million for a 25,500-square-foot home in Los Altos Hills, Calif., which marks the highest price paid for a single-family home in the U.S. Billionaire Yuri Milner, 49, who heads Digital Sky Technologies and whose investments
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Saturday, April 02, 2011 11:10 AM

Housing Shortage on the Horizon?

Mike Castleman, founder and CEO of Metrostudy, which tracks real-time data of the country’s inventory of new homes, says a housing shortage is looming that will soon will create a huge surge in demand for new homes. As such, now is the time to buy,
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Tuesday, February 22, 2011 2:35 PM

After a short sale or a foreclosure, will there be taxes owed on the ‘forgiven debt’?

Consult your CPA for more details, but the bottom line is: most homeowners will not owe tax on the forgiven amount. Prior to the Mortgage Forgiveness Debt Relief Act (HR3648), homeowners of primary residences were subject to a “Phantom Tax”
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Wednesday, January 26, 2011 1:18 PM

New Home Sales Surge

New single-family home sales in December rose to their highest level in eight months and prices were the highest since April 2008, raising cautious optimism for a housing market recovery. The Commerce Department said sales jumped 17.5 percent to a seasonally
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Monday, November 08, 2010 12:28 PM

Fed's Aggressive Policy Sparks Critics

Is history is going to repeat itself? When the Federal Reserve announced Wednesday that it intended to buy $600 billion in Treasury securities through June, it also signaled that it could make more purchases after that if unemployment remained too high
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Wednesday, October 27, 2010 11:05 AM

Georgia Top 10 for retirees

Real Estate GEORGIA State Income Tax: 1% - 6% State Sales Tax: 4% (localities can add their own) Inheritance Tax: No The Peach State is a peachy tax environment for retirees. Social Security income is exempt, and so is up to $35,000 per person of most
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