Time is Running Out – First Time Homebuyer Credit

Today is August 16th.  If you are in the market to buy a home, you have approximately 45 days to find a home and get it under contract if you want to ensure you can take advantage of the first time home buyer tax credit.
Why 45 days?  Because in forty five days, it will be around October 1st which is the latest [...]

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Can’t Pay Your Mortgage? Sue the Mortgage Lenders!

I knew it wouldn’t be long before some bottom feeding lawyers started filing lawsuits against mortgage lenders. Here in Chicago, we have some ambulance chaser advertising all over the airways looking for people who are on the brink of foreclosure to file a lawsuit against the lender. The City of Cleveland, OH has decided to [...]

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99% of Households Can Pay Their Mortgage!

One of the things that always bugs me about the main stream media is that they often leave out key facts or make statements that often makes things seem worse than they really are.   I think there really needs some perspective on foreclosures and sub-prime mortgage lending. 
Now before someone goes all ballistic and on some [...]

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The Vultures are Circling

Last week I told you about the Supreme Court ruling in Watters versus Wachovia that pretty much solidified the mega mortgage bankers and their subsidiaries skirting of state regulations and their attempts to drive mortgage brokers out of business by unfair legislative tactics.  
An email I received this evening from a recruiter should further prove my point.  [...]

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New for 2007, PMI is Tax Deductible

After much lobbying, private mortgage insurance (PMI) is now tax deductible for refinance and purchase loans taken out after January 1, 2007.  This benefit was buried deep in the Tax Relief and Healthcare Act of 2006.  This is great news for millions of homeowners making owning a home more affordable.   For decades, lenders have required homeowners who do [...]

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