Monday, August 4th, 2008
Housing Lenders Fear Bigger Wave of Loan Defaults
Homeowners with good credit are falling behind on their payments in growing numbers, just as the problems with subprime mortgages are leveling off.
Archive for August 4th, 2008
Monday, August 4th, 2008
A grim forecast for heating costs
Massachusetts residents who heat their homes with natural gas or oil could end up paying nearly $1 billion more this year than they did in 2007, about a 30 percent increase, according to a University of Massachusetts report set to be released today.
Monday, August 4th, 2008
Sellers use disclosure to their advantage
Inman News Forty years ago, seller disclosures weren’t part of the home-buying process. The rule of the game was buyer beware.
Monday, August 4th, 2008
Is down-payment gift taxable income?
Inman News DEAR BENNY: In January I lent my daughter $20,000 so she could use it as a down payment on her condominium unit. She gave me a promissory note. I took the money out of my retirement account (I am retired). My tax person said this will be added to my yearly income and I have to claim it …
Monday, August 4th, 2008
Mortgage crisis drives home value of PMI
Inman News The blame game for the development of the current mortgage crisis is now in full swing, and, with one exception, no major participant escapes unscathed:
