TAX CREDIT FAQS MADE EZ

A.  FIRST-TIME HOMEBUYER TAX CREDIT Q 1.  What, in a nutshell, is the $8,000 tax credit for first-time homebuyers under the new law? A  A first-time homebuyer as defined may receive a refundable tax credit up to $8,000 for purchasing a principal...

Thinking of halting payments on house?

Some homeowners underwater on their houses–who owe more on their mortgages than their homes are worth–wonder what would happen if they were to stop paying their mortgages.   When lenders do not receive payments, the first action taken by the lender is to...