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  • Congress Renews Mortgage Debt Relief Act through December 31, 2013

    Underwater Homeowners Breathe a Sigh of Relief as Congress Renews Mortgage Debt Relief Act! On January 1, 2013, Congress passed an extension of the Mortgage Forgiveness Debt Relief Act. This extension of this act, which has saved homeowners more than $1 billion dollars in taxes[1], is great news for struggling homeowners ...
    Posted to Karen Daniel (Weblog) by 650684 on January 3, 2013
  • Congress Extends Mortgage Debt Relief Act!

    On January 1, 2013, as part of the so-called fiscal cliff negotiations, Congress passed an extension of the Mortgage Forgiveness Debt Relief Act. This extension of this act, which has saved homeowners more than $1 billion dollars in taxes, is great news for struggling homeowners nationwide, and for the agents that represent them. The ...
    Posted to Karen Daniel (Weblog) by 650684 on January 2, 2013
  • The Housing Environment in 2009...

    Although evidence is accumulating that the economy is emerging from the Great Recession, there are a number of headwinds that may make the nascent recovery slower and more tentative than previous business cycle expansions. Significant job loss is one of the most tangible effects of the recession. Most sectors, with the possible exception of ...
    Posted to Karen Daniel (Weblog) by 650684 on January 14, 2010
  • CHARACTERISTICS OF HOME BUYERS

    In 2009 the First-Time Homebuyer tax credit and affordability conditions brought first-time buyers into the market, and they comprised an unprecedented share of the market - 47%.  Some variables were unaffected by the increase in the share of first-time buyers.  The typical age of buyers was unchanged by the surge in first-time ...
    Posted to Karen Daniel (Weblog) by 650684 on January 13, 2010
  • What is the, "First Time Home Buyer Tax Credit"?

    The Housing and Economic Recovery act of 2008  A new refundable tax credit for individuals who are qualified first-time homebuyers of a principal residence in the United States. The provision applies to a principal residence purchased by the taxpayer on or after April 9, 2008, and before July 1, 2009. Homebuyers who qualify are allowed ...
    Posted to Karen Daniel (Weblog) by 650684 on February 5, 2009
  • Buying a HOUSE in Todays Economy?

    You hear it daily, from your friends, your collegues, people just passing you on the street.  You read it in every newspaper headline, people constantly saying that the housing market is down, with Short Sales & foreclosures rising at an alarming rate.  Mortgage markets so frozen, that buyers have no ...
    Posted to Karen Daniel (Weblog) by 650684 on January 9, 2009
  • SHORT SALE / BANKRUPTCY?

    CAN I SELL MY HOUSE WHILE IN BANKRUPTCY? Many people do not realize that they can sell their home while they are still in a Chapter 13 bankruptcy. You will want to start by finding someone to put the house on the market. Once you have an interested buyer, then the realtor will draw up a contract between the buyer and the seller. Once this is ...
    Posted to Karen Daniel (Weblog) by 650684 on December 16, 2008