65% of corporate financial advisers have stated that the ‘the banks are not lending’, according to an independent survey commissioned by Centric Commercial Finance. 72% said that cash flow was proving to be their clients’ biggest challenge. Disappointingly, 56% of respondents claim that banks have removed or are restricting clients’ facilities. Tim Hawkins comments: “The [...]
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 [...]
If you hope to take advantage of the $8,000 federal tax credit for first time home buyers, you need to close on your new home by Nov. 30, 2009. We at the Santa Clara County Association of REALTORS advise planning ahead to avoid the disappointment of disqualification. “The nationwide popularity of this stimulus tax credit [...]
Tuition bills for fall semester have begun arriving in mailboxes, and the scramble to figure out how to pay them is underway. For most families, student and parent loans are a reality when it comes to covering the tuition bill. But while borrowing may be a necessity, it shouldn’t be an indulgence, warn experts at [...]