Posts Tagged ‘new home buyer’
60 Minutes Mortgage Meltdown Story
60 Minutes Reporter Scott Pelley story on the coming second wave of mortgage defaults. "Where's The Bottom?" "One out of every ten Americans is behind on their mortgage." If you think the subprime mortgage foreclosure crisis was bad, wait until the second wave of foreclosures hits the housing market. Alt A and Option ARM Loans that were [...]
$8000 for new home buyers.
Some real estate investors have been promoting the $8000 tax credit to encourage people to buy homes. They have been telling people that they would get $8000 back on their income taxes. Only this is not a refund, it is a credit. In order to get $8000 credit, the home buyer has to have $8000 in taxes. Ooops! People are going to be upset come tax [...]
