First Time Buyers
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Personal Finance
Question: Could a qualified person get a $8,000 tax credit to buy a $10,000 house? Answer: In short, no. You can’t get $8,000 for buying a $10,000 house. Why? There’s no minimum purchase, but the tax credit is written as “10% of the purchase price, up to $8,000″. Thus, if you spent $10,000 on a [...]
27 December 2009
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Op Ed
Tagged as:
Personal Finance
This is from Rob Chrisman’s daily mortgage-related email which I subscribe to… According to the Wall Street Journal [General Growth Properties, which owns 200 malls nationwide] filed a [Chapter 11] plan in bankruptcy court [recently] to restructure $9.7 billion in mortgage loans… “The pact allows mortgage holders to report the loans as performing on their [...]
3 December 2009
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