Real Estate Content Index - Page 5

$8,000 Tax Credit: Administration Calls on Congress To Pass $8,000 Tax Credit And Other Pro-Housing Measures. The White House supports three pro-housing measures including the extension and expansion of the $8,000 tax credit, continuing an expansion of the loan limits, and support for the Housing Trust Fund. These pro-housing measures were announced by Treasury Secretary Tim Geithner and HUD Secretary Shaun Donovan at a press conference Thursday morning.

**Taylor Bean and Whitaker Trouble: Continued Mortgage Bankruptcy Hearing Update** Mortgage borrowers are scrambling for answers as their funds have been frozen; What do you do if you receive letters from two different mortgage servicing companies claiming that each one of them is going to service your Taylor Bean and Whitaker loan? We've received an update and past court documents from the United States Bankruptcy court detailing Taylor, Bean Whitaker trouble.

**Loan Modification Help: Why Lenders Are Slow To Provide Loan Modifications** Millions of Americans have applied with their banks to obtain a loan modification. They desperately need loan modification help. The loan modification process is taking an extremely long time. Now homeowners want to know how they can get a loan modification -- whether under the Obama Making Home Affordable Plan or not -- and why the lenders are slow to provide loan modifications. A new study is revealing some answers.

**$8,000 First Time Home Buyer Tax Credit: Trying to Buy and Inherit a Home At The Same Time** The first time home buyer has all kinds of restrictions: income, how long you must live in the home, how long you couldn't have owned a home and who can sell you the home. There are even restrictions on whether you can qualify for the $8,000 first time home buyer tax credit if you plan to rent the home or receive the home by inheriting it.

**$8,000 First Time Home Buyer Tax Credit And Living Abroad** The first time home buyer has restrictions on income. The first time home buyer tax credit requires you to live in the home for 3 years. Also, you can't have owned a home for the last 36 months. In addition, the first time home buyer tax credit has restrictions on who can sell you the home. There are even restrictions on whether you can qualify for the $8,000 first time home buyer tax credit if you live abroad and want to buy a home and rent it. But really. If you plan on renting the home, you won't be a first time home buyer making use of the home as your primary residence.

**$8,000 First Time Home Buyer Tax Credit: Buying A Partially Inherited Home** The first time home buyer has restrictions on income. The first time home buyer tax credit requires you to live in the home for 3 years. Also, you can't have owned a home for the last 36 months. In addition, the first time home buyer tax credit has restrictions on who can sell you the home. If you are buying a home from a close relative, you won't qualify for the tax credit. But what if you inherit the home?

**Contractor's Liens and Foreclosures** Worried about contractor's liens? When you buy a foreclosure, check to see if there are any contractor's liens against the property that have survived the foreclosure. Often, the lender will wipe out all other subordinate liens, including contractor's liens, in the foreclosure process. But in some cases, those liens may still exist and be valid. If you suspect there might be other liens that will be filed against the property even after you close, be sure to purchase a title insurance policy with coverage over contractor's liens. You will want to have this insurance in place to have a title company cover the costs of litigation and the costs to remove the contractor's liens with the purchase of the title insurance even if you bought the property after a foreclosure.

$8,000 First-Time Home Buyer Tax Credit Being Used Illegally? You Betcha!

Ilyce Glink Show Notes - October 11, 2009 How to Profit from Foreclosures and Free EBOOKS, GDP, Budgeting, Saving Money, Unemployment Numbers. Great real estate advice and personal finance advice from the show!

Today on the Ilyce Glink Show, we discussed the failure of almost 100 banks so far this year. As the FDIC shuts down more banks, the stock market is starting to perk up, having crossed the 10,000 mark. How does this economic news affect you. We also took questions from callers and Ilyce gave a preview of the top tips from the upcoming "How to Profit From Foreclosures" event in Atlanta. For more show notes and links, [visit Ilyce's blog](http://www.thinkglink.com/blog/2009/10/18/ilyce-glink-show-notes-october-18-2009)