Homebuilders Says Crisis Not Their Fault
I mentioned yesterday that the National Association of Home Builders was in Washington looking for their own bailout, and now we have some more details, startling ones at that.
The NAHB wants interest rates reduced (subsidized) to as low as 2.99 percent on 30-year fixed-rate conventional mortgages purchased between January 1 and June 30 of this year, followed by rates of 3.99 percent for the latter half of the year.
Skaters Benefiting from Foreclosure Crisis
While record numbers of foreclosures continue to wreak havoc on home prices and the economy as a whole, one unlikely group seems to be benefiting immensely.
Young skateboarders looking for an empty pool to practice and refine their tricks in are finding it increasingly easy to find that perfect spot as more and more homes become abandoned.
According to an article in the NY Times, some are using real estate Read more
IRS Doing Their Part to Ease Mortgage Crisis
The IRS announced yesterday an expedited process aimed at making it easier for struggling homeowners with federal tax liens to get relief.
Borrowers with tax liens may now request, or have their mortgage lenders request that a tax lien be subordinated behind any existing home loan(s) to facilitate a loan modification, refinance, or sale.
In some cases, taxpayers or their representatives may ask that the Read more
Loans for people on benefits-Cash available to combat the cash crisis even with defaults By Tracy Davison
Sometimes, salaried people have to combat the financial urgency situation such as some bills repairing a car, medical treatment and avoiding a late payment. Any regular loan will take many days if the applicant is having a blemished history of making payments in the past or he is a defaulter. However, Loans for people on benefits are instantly approved for such people as these are especially formulated for them to getting out for such crisis Read more