February 4, 2012, 2:18 pm
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real feel: 61°F
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Nextage Realty Professionals

Change is good: $8,000 tax credit now ineligible for down payment

Many lenders, real estate agents, and home builders applauded when HUD said it would let banks and local governments offer short-term “bridge loans” to cover the down payment for first-time buyers eligible for the tax credit. The loans would have been available to applicants for federally insured mortgages such as Federal Housing Administration loans. 

See:  Home builders [...]

Advice for renters if landlord faces foreclosure

You’re paying your bills, but your landlord isn’t. And you’re the one holding the eviction notice. This is becoming an all too familiar scenario for thousands of renters nationwide…
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