Ten signs that trouble might be just around the corner. It’s easy pickings out there for many potential homebuyers. Housing prices are at their lowest in more than a decade, inventories are high, analysts are predicting a new wave of foreclosures and the government is offering two substantial tax credits for which many homebuyers qualify. [...]
Just 10 months after initiating outreach to customers through its National Homeownership Retention Program (NHRP), Bank of America has provided mortgage relief to 100,000 eligible homeowners with certain Countrywide subprime and option-ARM mortgages. According to the bank’s most recent quarterly progress report, more than 31,000 eligible customers received assistance in the third quarter – the [...]
Impending Foreclosures, Homebuyer Tax Credits Likely to Affect Real Estate This Winter: Foreclosures Expected to Significantly Increase Inventory in 2010, But Possible Tax Credits Could Help Spur Demand, According to Q3 2009 Zillow(R) Real Estate Market Reports The percent of American single-family homes with mortgages in negative equity(1) fell to 21 percent in the third [...]
Expert Offers Tips for Getting the Most out of Your Benefits in Tough Economy As the open enrollment season comes into full swing, experts encourage workers to pay particularly close attention to benefit elections this year to help offset financial challenges brought on by the recession. One-in-four workers (25 percent) reported that they don’t pay [...]