Treasury sets guidance to simplify “Short Sales”
NEW YORK (Reuters) – The U.S. Treasury on Monday set long-awaited guidance on a plan for mortgage companies to speed "short sales" of homes and other loan modification alternatives to stem a rising tide of foreclosures. The Home Affordable Foreclosure Alternatives...
Senators agree to extend homebuyer tax credit
Senators agree to extend homebuyer tax credit By Stephen Ohlemacher (AP) WASHINGTON - Senators agreed Wednesday to extend a popular tax credit for first-time homebuyers and to offer a reduced credit to some repeat buyers. The tax credit provides up to $8,000 to...
Buying a foreclosure? Plot your strategy
Buying a foreclosure property is neither easy nor a guaranteed bargain. Here's a beginner's guide on how to approach this complicated part of the market. By Melinda Fulmer of MSN Real Estate (© AP) You've probably seen the ads: Investors in expensive suits boasting...