Learning the Lingo: Escrow, EMD, Other Closing Terms Translated!
The moment has finally, truly, amazingly arrived: You’re closing on a home! And if you’re about to sign on the line that is dotted,...
Dispelling the “Myths” on short sales – when a property is sold for less than the balance remaining on the mortgage loan.
The short sale is an important tool for helping distressed homeowners avoid foreclosure and eliminate their mortgage debt. And thanks to key changes we’ve made in...
Mortgage debt tax break expires, but likely to be extended
As Jan.1 rolled around, Congress failed to extend a 6-year-old federal law that allowed homeowners to avoid liability for federal income tax on debt...
US pending home sales rise 0.2 percent
Signed contracts to buy existing homes rose slightly in November, breaking a five-month negative streak, according to the National Association of Realtors. Pending homes...
One big change that will make it harder to get a mortgage after January 10th
Of all the mortgage rule changes coming in January under Dodd Frank, this one affects you the most if you want a new mortgage...