Category Archives: mortgage

Mortgage Forgiveness Debt Relief Act

On January 1, 2013, Congress extended the Mortgage Forgiveness Debt Relief Act, or MFDRA, as part of a tax bill designed to address the so-called “fiscal cliff.” First introduced back in 2007, the MFDRA was supposed to expire on December … Continue reading

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Mortgages and design, how to manage your first property development project

Managing one’s first property development project can be a real challenge, especially since few industries have seen as much instability and uncertainty during the current economic climate. With property values on the decline, is there any good news for people … Continue reading

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How Did We Get Into This Housing Mess?

George Gilder told Dennis Prager yesterday: “We have capital flight from the United States and human capital flight…moving to more attractive investment environments. This is the wrong time to go over the fiscal cliff in January, rescinding President Bush’s good … Continue reading

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Two Political Conventions Ignore Housing Policy

The Democrats have demonstrated a more activist housing program than the Republicans. They want more government involvement. They want more government subsidies. They want more government direction of the free market. But both parties have been sobered by the housing … Continue reading

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A guide to landlord mortgages

In light of the problematic nature of the current financial climate, many investors are looking for alternative ways in which to make their capital work for them in raising extra income. Interest rates and returns on cash investments are not … Continue reading

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Considering mortgages for investment property

Having a second property for investment purposes can have many benefits. Short term, investment properties can provide a good source of regular income, as they can be let to tenants for rent. Over time, this rent can be used to … Continue reading

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Million Dollar Home Sales Surge

California’s most expensive homes have been the least affected of the Golden State’s real estate crisis. From the LAT: Million-dollar-or-more home sales statewide surged in the second quarter to the highest level since the third quarter of 2007 as the … Continue reading

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New Mortgage Rules Coming

Getting a mortgage is a confusing process. Lenders prey on the ignorance of ordinary consumers, making much of their profit from their advantage in knowledge. THE LAT: New federal rules would require banks to provide homeowners with better information about … Continue reading

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Think The Housing Market Is Getting Stronger?

Most evidence says yes, the housing market is getting better, but many signals are still negative. Mortgage delinquencies are up. From the LAT: The nation’s slowly improving housing market hit another bump last quarter, with more borrowers missing payments amid … Continue reading

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CA Passes Foreclosure Protection Legislation

California will now have the toughest regulations in the country against foreclosing on homeowners who are in the midst of renegotiating their mortgage. All this legislation makes the mortgage business less profitable for lenders so that they will have less … Continue reading

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