June 2010 - Posts
WASHINGTON – June 18, 2010 – The IRS has been rejecting first-time homebuyer claims from anyone who shows a Form 1098 Mortgage Interest Expense in their prior year files. In many cases, the applicants are entitled to the credit because their
Read More...
Florida, viewed by economists as a hot spot of the country's housing and mortgage meltdown, is having a pickup in builder interest and activity. Sensing a pending recovery in some of the state's markets – including Orlando, Jacksonville,
Read More...
http://www.yourhomeandlifestyle.com/pages/article/YHL_JUN_10_03/40033/index.html
Read More...
A state group in Florida has unveiled plans for divvying up $317 million in federal foreclosure relief to mortgage-challenged Floridians struggling with unemployment, underemployment or medical hardships. The Florida Housing Finance Corp. will distribute
Read More...
NEW YORK – June 18, 2010 – Rates on 30-year fixed mortgages backed off from yearly lows this week but still remain historically cheap. Mortgage finance company Freddie Mac says the average rate rose to 4.75 percent, up from 4.72 percent last
Read More...
June 17, 2010 – Facing increasing pressure to back up its public statements of support with real money, BP on Wednesday agreed to put $20 billion into an escrow account to pay for oil spill damage. The agreement comes less than a day after President
Read More...
The number of foreclosure filings for the first quarter of the year is down significantly compared to the past two years. According to the Office of State Courts Administrator, the number of foreclosure filings for January through April stand at 105,149.
Read More...
FORT LAUDERDALE, Fla. – June 3, 2010 – Before Larry Thomas unloaded his Pompano Beach, Fla., home last fall for a fraction of what he paid, he cut a deal that will keep him from worrying about a huge debt hanging over his head. Thomas insisted
Read More...
WASHINGTON – June 2, 2010 – Pending home sales have risen for three consecutive months, reflecting the impact of the homebuyer tax credit and favorable housing affordability conditions, according to the National Association of Realtors ®
Read More...
TALLAHASSEE, Fla. – June 1, 2010 – The 2010 hurricane season starts today. Homes should be fortified and larders stocked, and businesses should prepare now for a possible interruption of services. Forecasters already call for an active season
Read More...
NEW YORK – May 5, 2010 – Last November, Michael Hill of Lexington, S.C., finally got the call he'd been waiting for. Congratulations, a rep from JPMorgan Chase told him, your trial mortgage modification is approved. Hill's monthly
Read More...