All Posts Tagged With: "home"
Who Pays Foreclosure Property Taxes?
When you purchase a foreclosed property, are you responsible for back taxes? The general answer largely depends on when you buy the property. “If the property was foreclosed and possessed by the bank, the bank will have to pay the back taxes to sell the property with clear title,” says RealtyTrac spokesman Daren Blomquist. “However, [...]
8Nov2011 | Peter G. Miller | 0 comments | Continued
Should Government Set Mortgage Rates?
With all the talk of getting a new mortgage there’s one question which no one seems ready to touch: Why doesn’t the government ought to set mortgage rates? At first this may seem like an audacious idea, a violation somehow of the free market absolutism preferred by so many businesses and industries — at least [...]
26Sep2011 | Peter G. Miller | 0 comments | Continued
Is Negative Interest Coming To America?
“You’re money is no good here” used to mean someone was picking up your tab at a restaurant or country club. It was a gracious gesture, a courtesy and a compliment. Today the term means the world is awash in so much cash that really — we don’t want your money — especially if your [...]
22Aug2011 | Peter G. Miller | 0 comments | Continued
Government Map Shows 7,000 Surplus Properties For Sale
After the big budget debate — and before the next one — Uncle Sam has an idea to generate a few dollars. Yes folks, the government has thousands of excess properties that it’s willing to unload, including “apartment houses, single houses, row houses, public housing, military personnel housing, federal employee housing, and housing for institutional [...]
15Aug2011 | Peter G. Miller | 0 comments | Continued
How Jobs at 75 Cents an Hour are Killing US Real Estate
I’m not sure what pills are used to treat depression, but they ought to be available to real estate buyers and sellers by the bucket. Real estate folks need such pharmaceutical assistance because for the past five years the news has been dominated by the worst financial conditions since the Great Depression, a time which [...]
29Jun2011 | Peter G. Miller | 0 comments | Continued
Less FHA Mortgage Loan Demand Undermines American Home Prices
A small change in FHA guidelines has now hit the market and the result has been both immediate and devastating. “Purchase applications fell last week, driven primarily by a sharp decrease in government purchase applications as new, higher FHA premiums went into effect,” said Michael Fratantoni, the Mortgage Bankers Association Vice President of Research and [...]
2May2011 | Peter G. Miller | 0 comments | Continued
Real Estate Seer: Renting In, Mortgages & Foreclosures Out
In the decades since World War II real estate prices rose with enormous consistency but now the oomph is gone. Most people are better off renting than owning, says Patrick Killelea. For him, and for millions of others, the path to financial security no longer includes real estate ownership, mortgages or the possibility of foreclosure. [...]
15Feb2011 | Peter G. Miller | 10 comments | Continued
Will home prices stabilize in 2011?
Are better times ahead in real estate? And are declining home prices likely in the coming year? Can both happen at the same time? That might be the case, according to a new analysis from Fiserv, Inc., an information management provider for the financial services industry. It says both that prices will stabilize — but [...]
2Feb2011 | Peter G. Miller | 3 comments | Continued
Will Rising Gas Prices Down Home Values?
About the last thing anyone wants to hear is that gasoline prices are rising. They topped $3 a gallon at year-end and the outlook for the future is hardly great: Several sources are predicting $5 gas by 2012. In a very-direct way gas prices have a lot to do with current mortgage rates, refinancing and [...]
3Jan2011 | Peter G. Miller | 0 comments | Continued
1 Million First-Time Home Buyers To Owe IRS
More than a million first-time home buyers are likely to get unfriendly letters from the IRS, brief little notices from Uncle Sam which say we want our money back. A report by the Treasury Department’s Inspector General for Tax Administration shows that nearly 1.8 million taxpayers filed claims under the government’s First-time Homebuyer Tax Credit [...]
15Sep2010 | Peter G. Miller | 0 comments | Continued
© Copyright 