Mortgage servicers will soon undergo “Know Your Options Customer Care” training from Fannie Mae. The move comes as a way to establish better relationships between lenders and home owners. The program is geared toward servicer call center employees who spend the most time answering questions...
Many people don’t understand the Debt Relief Act, but this information can be quite powerful when helping you understand your tax liability. Under normal circumstances, when you borrow money from a commercial lender and they later cancel or forgive your debt, you have to include...
Fannie Mae and Freddie Mac are now requiring that loan providers who need more than 30-days to decide on a short-sale provide weekly status updates and make a final decision no later than 60-days after receiving an offer. Fannie and Freddie’s regulator, the Federal Housing Finance...
Back in 2008, a first-time homebuyer tax credit was established to help with the damage the housing crisis had created. The credit acted as a no-interest loan, and those who used it were able to pay it back over time in annual installments through their...
The real estate market can be a challenging one these days, especially for sellers hoping to standout in a sea of available properties. Keep these tips in mind when listing your home and the process will be much more seamless! 1. Find a Pro: Selling your...
Buying a home makes a lot of sense because of the built-in tax breaks that accompany homeownership. To take full advantage, it’s usually necessary to itemize your taxes, and while this may seem like an unnecessary hassle, the benefits are well worth it. Here are...
'Lectric Law Library defines Real Property as "Land and all the things that are attached to it. Anything that is not Real Property is Personal Property: anything that isn't nailed down, dug into or built onto the land." That should prevent any misinterpretations, right? Not necessarily....
Beginning in the 2012 tax year, property owners will be required to break down payments into deductible and non-deductible portions when they file their tax returns with the Franchise Tax Board. This could be a serious wakeup call for property owners, shaving thousands off their...
Banking woes have brought the mortgage industry back down to Earth, but the new rules and requirements don't mean that you can't get a loan. With a little work ahead of time, you can increase your own chance of qualifying for the best loan when...
As winter closes in, the chill that you feel in the air could very well turn into cold hard cash in your pocket! On December 31, 2011, federal tax credits for energy efficiency are set to expire. So, as you buy those last minute gifts...
