News about properties and real estate
How to leverage your IRA property investments with mortgages So you’d like to take advantage of depressed housing prices and buy a rental property, but you lack a down payment or can’t meet lending criteria for investment properties? Consider using your IRA assets — even if the purchase price exceeds their reach. Little-known IRS rules …
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Study Buoys Mortgage Modification – WSJ.com Cutting financially troubled borrowers’ monthly mortgage payments by more than 10% reduces the chances that they will fall behind again after their loan is modified, a study found. While modifications that result in lower payments are increasing, nearly half of all loan workouts still result in the same or …
Separated by a Common Tongue: Foreclosures Trap Translators in Middle For years, interpreter Yu Ching ended many calls by saying, “Congratulations. You have been approved,” as she helped credit-card companies and mortgage lenders reach a growing share of the Mandarin-speaking market in the U.S. But on a recent morning, the call-center interpreter didn’t have the …
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Mortgage protection in case times get tough Melissa Sparks is a bit nervous about making the biggest investment of her life during the worst economic crisis since the Great Depression. So she plans to pay a one-time fee of $525 for a security blanket when she buys her first house. A program offered by her …
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Understanding the ’08 and ’09 Home Buyer’s Credits Does the tax credit for first-time home buyers need to be repaid? I have heard different stories and need to have this clarified. My son recently bought his first home. Will he receive a check for the credit, and, if so, when will he get the money? …
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For home buyers, rock bottom prices tough to pinpoint The explanation for a surge in sales of South Florida homes last month can be found in a one-bedroom condo on the 29th floor of a Brickell Avenue condo tower. The Club at Brickell Bay unit sold in 2006 for $410,000. Five days after real estate …
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