Monthly Archives: July 2013

IRS confusion over tax credits – in 2010 and now?

According to some Federal Laws instituted during th 2008-2013 financial crisis run, there were two basic tax credits for firt time honmebuyers to stimulatee home purchases: First time homebuyers were offered a $7,500 (married) or $3,750 (single) “refundable” (meaning under … Continue reading

Posted in Uncategorized | Comments Off on IRS confusion over tax credits – in 2010 and now?

States are modifying mortgages

In states where mediation of foreclosures through some fashion of legal assistance (judicial foreclosure state,  not a non-Judicial foreclosure state like Georgia), the states are requiring banks to modify loans…About 20 states offer some form of foreclosure mediation. Some borrowers … Continue reading

Posted in Uncategorized | Leave a comment