Jul 11th 2012 12:50PM
By Christopher Maag Christine, a Credit.com reader, thought that after losing her home to foreclosure, there would be no new financial shocks for a while. Then she received a letter from the IRS. "I filed my taxes in 2010 and thought everything was fine," Christine wrote in a comment to a Credit.com story, "then... Continue Reading »
Jun 21st 2012 4:00PM
By Marcy Gordon WASHINGTON -- The average U.S. rate on a 30-year fixed mortgage fell this week to a record low for the seventh time in eight weeks. Cheap mortgages have helped drive a modest recovery in the weak housing market this year. Mortgage buyer Freddie Mac said Thursday that the average on the 30-year loan... Continue Reading »
May 30th 2012 5:15PM
By Neal Frankle As you probably already know, it can be almost impossible to obtain a bank mortgage with bad credit. If you otherwise can't get a loan because you have a troubled credit history, one alternative to a traditional bank mortgage is to obtain one from the seller. Seller financing has its benefits, as well as... Continue Reading »
May 30th 2012 5:00PM
By Martin Crutsinger WASHINGTON -- A gauge of Americans who signed contracts to buy homes fell in April from nearly a two-year high in the previous month. The decline was the biggest in a year. Still, sales are well ahead of last year's level for the same month, suggesting the housing market is improving slowly. The... Continue Reading »
May 25th 2012 1:25PM
By Michael B. Sauter According to data released last week, the worst effects of the housing crisis are beginning to wind down. RealtyTrac's latest report shows the number of foreclosures in the U.S. in April is down 13 percent, to 188,780 from 219,258 a year ago. However, some of the largest cities in the U.S.... Continue Reading »
