First-time homebuyers, veterans, senior citizens and delinquent mortgage holders may benefit from the newly enacted housing bill. How well it will work may depend on regulators and your bank.
The Housing and Economic Recovery Act, intended to stem home foreclosures and spark sales, offers first-time buyers a tax credit of up to $7,500. It also extends [...]
Entries Tagged as 'Mortgage Legislation'
Housing Recovery Act Depends on Banks to Refinance Mortgages
August 16th, 2008 · No Comments
Tags: Avoiding Foreclosure · Mortgage Legislation
Bush signs housing bill to provide mortgage relief
July 30th, 2008 · No Comments
President Bush on Wednesday signed a massive housing bill intended to provide mortgage relief for 400,000 struggling homeowners and stabilize financial markets.
Bush signed the bill without any fanfare or signing ceremony, affixing his signature to the measure he once threatened to veto, in the Oval Office in the early morning hours. He was surrounded by [...]
Tags: Avoiding Foreclosure · Mortgage Legislation
Mortgage Bailout to Help All Homeowners
July 28th, 2008 · No Comments
If you are ignoring the housing bailout bill because you think it benefits only troubled homeowners, you may miss out on a windfall. The bill, expected to be passed by the Senate in the next few days and then signed by President Bush, does offer incentives to certain overextended borrowers and their mortgage lenders.
But it [...]
Tags: Avoiding Foreclosure · Foreclosure Information · Military and Veteran Mortgages · Mortgage Legislation