Despite back-to-back snowstorms that shut federal offices for days, the Internal Revenue Service issued new guidance last week on the two tax-credit programs that are powering the country’s real estate markets — the $6,500 credit for repeat buyers and the $8,000 first-time-buyer credit. The new policy clarifies what documentation taxpayers need to submit to...
Like many people, Terry Hoskins has had troubles with his bank. But his solution to foreclosure might be unique. Hoskins said he’s been in a struggle with RiverHills Bank over his Clermont County home for nearly a decade, a struggle that was coming to an end as the bank began foreclosure proceedings on his...
Question: As one of the 160,000-plus people waiting in the pipeline to apply for a mortgage reduction at the same lender mentioned in your recent column, I was greatly puzzled by one point in your article: “If you show negative cash flow, your application will be denied, period.” Isn’t having a negative cash...
Washington (CNN) — Health insurance premiums have skyrocketed in recent years and a new government report says the increases are likely to continue, underscoring the need for reform. In releasing the report Thursday, Health and Human Services Secretary Kathleen Sebelius pointed to the recent announcement by Anthem Blue Cross of California that it plans...
Beginning less than a year ago a company in Scottsdale, Arizona backed by a $50 Billion hedge fund has started offering underwater homeowners a permanent solution to their nightmare of negative equity. Offering a Principal Reduction Program which essentially is a large scale Note Purchase program on the secondary market. The Principal Reduction Program...
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