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bankrate: Program Will Pay Homeowners to Sell at a Loss - 03/14/10 09:43 PM
Program Will Pay Homeowners to Sell at a Loss
  by David StreitfeldMonday, March 8, 2010

In an effort to end the foreclosure crisis, the Obama administration has been trying to keep defaulting owners in their homes. Now it will take a new approach: paying some of them to leave.
 This latest program, which will allow owners to sell for less than they owe and will give them a little cash to speed them on their way, is one of This latest program, which will allowthe administration's most aggressive attempts to grapple with a problem that has defied solutions.
More … (4 comments)

bankrate: Investor Report: Tax Extender Act: 50 tax program extensions beyond their December 31st scheduled expiration date. - 12/19/09 10:48 PM
 
Investor Report: Tax Extender Act
 by Kenneth R. Harney
Real estate investors are facing a squeeze play on Capitol Hill, with important tax incentives nearing an end-of-the-year deadline.
Last week the House approved what's known as the Tax Extender Act, a Christmas tree bill filled with nearly 50 tax program extensions beyond their December 31st scheduled expiration date.
Two of the extenders are especially significant for investment real estate: First is the so-called "leasehold improvements" provision, which allows owners of commercial, retail, hotel and office buildings -- large and small -- to use an accelerated 15-year depreciation schedule in writing … (2 comments)

bankrate: Fed plans new rules to protect future homebuyers - 07/08/08 03:04 PM
 
Fed plans new rules to protect future homebuyers
By JEANNINE AVERSA, AP Economics Writer
WASHINGTON - The Federal Reserve will issue new rules next week aimed at protecting future homebuyers from dubious lending practices, its most sweeping response to a housing crisis that has propelled foreclosures to record highs.
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Fed Chairman Ben Bernanke spoke of the much-awaited rules in a broader speech Tuesday about the challenges confronting policymakers in trying to stabilize a shaky U.S. financial system. To that end, Bernanke said the Fed may give squeezed Wall Street firms more time to tap the central … (3 comments)

 

Frank Zeno

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