September 29 2010 (Chris Moore)
Nearly one in four homes sold in the United States in the second quarter of this was a foreclosed home. Foreclosed homes accounted for 24 percent of all second-quarter sales, at an average price discount of more than 26 percent compared with homes not in the foreclosure process.
September 28 2010 (Shirley Allen)
If you are a member of the military or a federal employee, as well as they spouses, who served outside the continental United States for at least 90 days during the period of January 1, 2009 through April 30, 2010, then you may still be eligible for the first Time Buyers Tax Credit.
September 26 2010 (Chris Moore)
Freddie Mac today released the results of its Primary Mortgage Market Survey® (PMMS®). The 30-year fixed-rate mortgage rate and the 15-year fixed-rate were unchanged; shorter-term rates were mixed.
September 25 2010 (Chris Moore)
JP Morgan Chase has halted foreclosures until a review of its document-filing process is completed, according to the Wall Street Journal. The New York City-based bank said the freeze affects roughly 56,000 home loans in various stages of the foreclosure process in 23 states.
September 23 2010 (Shirley Allen)
For the first time homebuyer, the term “closing costs” can be quite confusing. Learning about the different types of mortgages and trying to figure out the different interest rates can be confusing enough, but you have to pay at the end too?