Real Estate

Home foreclosure sign

FHFA Simplifies Short Sale Qualifications

By Bill Fay | August 29, 2012

New guidelines are in the works to help relieve millions of Americans trapped by underwater mortgages, meaning they owe more than their homes are worth. The Federal Housing Finance Agency…

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Housing Market Uptick Offers Little for Young Homeowners

By Bill Fay | August 24, 2012

Despite the modest housing market gains in the past 12 months, many younger borrowers are still likely to be underwater in their home mortgages, real estate experts recently said. About…

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Mortgage Debt Relief Act Set to Expire

By Bill Fay | August 20, 2012

Homeowners confronting the challenges of foreclosure or the short sale of their homes may soon be facing yet another hardship — income tax on money they will never see. For…

Foreclosure notice

Pilot Programs Allow Homeowners to Avoid Foreclosure, Rent Their Houses

By Bill Fay | August 15, 2012

As the American housing market continues to struggle, several banks are making an effort to lessen the financial burden on distressed homeowners. Citigroup is implementing a pilot program this month,…

Homeownership Out of Reach

Buying a Home Remains Out of Reach for Many

By Bill Fay | August 14, 2012

While America’s demand for mortgages has gone up this summer, the banks still haven’t budged much on their tightened lending standards, CNN recently reported. The Federal Reserve recently announced that…

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Fannie Mae, Freddie Mac Reject Principal-Reducing Mortgage Bailouts

By Bill Fay | August 1, 2012

Homeowners facing potential foreclosure with mortgages backed by Fannie Mae and Freddie Mac will not be getting any principal-reduction bailouts, based on a decision announced this week by the Federal…

Young male putting up a sale sign in front of his house on walkway

Selling a House

By Bill Fay | July 26, 2012

If you own a home, these things are true: At one time, you probably bought the property, so you are familiar with what it takes to find real estate, apply…

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Banks Institute Stricter Rules for Mortgages

By Bill Fay | July 24, 2012

While the once sluggish real estate market has reportedly been on an upswing in recent months, it may actually become more challenging to take advantage of current low housing prices…

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Older Homeowners Hit Hard by Mortgage Crisis, Study Suggests

By Bill Fay | July 19, 2012

America’s mortgage crisis affected millions of older homeowners just at the time when their retirement nests should be heavily feathered, according to a study from the Public Policy Institute of…

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Report: 700,000 U.S. Homeowners Regain More Equity

By Bill Fay | July 19, 2012

There’s good news on the horizon for homeowners and the national economy this financial quarter: More than 700,000 U.S. households regained positive equity in their properties, according to a new…