Feb 25th 2011 2:44PM
A 60-year-old Detroit area home builder who was sentenced this week to six months in prison for mortgage fraud involving straw buyers got off pretty easy considering bank fraud is punishable by 30 years in prison and other penalties. After he has served his term, Giuseppe Cracchiolo, of Romeo, Mich., will also have three... Continue Reading »
Feb 15th 2011 1:41PM
If you took advantage of the first time homebuyer tax credit in 2008, it's time to start repaying this interest -ree loan when you file your 2010 tax return by April 2011. But, if you used the homebuyer tax credits in 2009 or 2010, you won't ever have to repay the money unless you sell or otherwise dispose of your home... Continue Reading »
Dec 17th 2010 9:46AM
U.S. home sales are sagging -- but not with Australians, mate. "For the cost of a new car in Australia, you could own a home in the U.S.A," says Australian real estate agent Vincent Selleck (pictured left), who is on a campaign to recruit buyers from his country to invest in American homes that they can open up as... Continue Reading »
Oct 1st 2010 12:01PM
People stuck with homes filled with faulty Chinese drywall have gotten little help from insurers, builders, lenders or Chinese manufacturers. Now the Internal Revenue Service is stepping in to offer some financial relief. A new procedure will allow you to treat damages from corrosive drywall and write them off as a... Continue Reading »
Jul 16th 2010 3:56PM
Lori McRae, a resident of Olympia, Wash., owns two vacation homes in the Lake Cushman area of the Olympic Peninsula. She and her family use one just for themselves, but the other property they use mainly as a rental. Along the way, she said, she's learned one thing about life as a vacation rental landlord: "Watch out for... Continue Reading »
