U.S. fixed mortgage rates held steady under 5 percent over the past week, Freddie Mac said on Thursday, amid signs that winter storms overcame low borrowing costs to quell housing activity. The average 30-year mortgage rate was 4.96 percent in the week ended March 18, little changed from 4.95 per
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03/24/2010
In an effort to end the foreclosure crisis, the Obama administration has been trying to keep defaulting owners in their homes. Now it will take a new approach: paying some of them to leave. This latest program, which will allow owners to sell for less than they owe and will give them a little cas
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03/24/2010
Diana Olick - CNBC Real Estate Reporter writes: The Hope Now Alliance, "the private sector alliance of mortgage servicers, investors, mortgage insurers and non-profit counselors," reported today: January 2010 data estimates 99,499 homeowners received proprietary loan modifications for the month.
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03/24/2010
Coincidence? Bank of America just had a lawsuit filed against them for not modifying mortgages. Their response? Within 24 hours, they announce a new plan to help struggling home owners... Bank of America will on Wednesday announce plans to start forgiving mortgage loan principal for troubled ho
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03/24/2010
Reuters - NEW YORK - Homeowners have sued Bank of America Corp for allegedly reneging on a promise it made to modify troubled mortgages as a condition of accepting $25 billion of federal bailout money. In a lawsuit filed Monday in Seattle federal court and seeking class-action status, two Washing
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03/24/2010
While thousands played catch and rode bikes on a balmy first Sunday of spring, scores of locals also delighted long-suffering real estate agents and sellers as they trooped in and out of open houses across Sacramento. Browsers arrived early in Land Park and midtown, and rolled into the Pocket, El
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03/23/2010
Legislation to prevent the state from taxing forgiven mortgage debt cleared the state Assembly early Monday, offering potential tax relief to thousands of Californians who lost their homes in 2009. "The feds don't do it and we're not going to do it, either," Assemblyman Charles Calderon, D-Monteb
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03/23/2010
Existing homeowners purchasing a home for a primary residence can now benefit from the passage of the Home Buyers Tax Credit Extension. To benefit, you must have a purchase contract in place by April 30, 2010 and close escrow before July 1st. I'll try to answer as many as I can in this FAQ and a
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03/19/2010
Existing homeowners purchasing a home for a primary residence can now benefit from the passage of the Home Buyers Tax Credit Extension. To benefit, you must have a purchase contract in place by April 30, 2010 and close escrow before July 1st. I'll try to answer as many as I can in this FAQ and a
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03/19/2010
Existing homeowners purchasing a home for a primary residence can now benefit from the passage of the Home Buyers Tax Credit Extension. I'll try to answer as many as I can in this FAQ and also provide you with some links to additional information and forms. Disclaimer: I am not a CPA or Tax Advi
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03/11/2010
