Tag Archives: credit

IRS Sets New Rules for Tax Credit

The IRS has spelled out guidelines for eligibility for the home buyer credit when co-borrowers purchase a property. When a home-owning parent of an adult child co-signs for a mortgage and both names appear on the note, the IRS says … Continue reading

Posted in Foreclosures, general, Home Buyer Tax Credit 2009, Home Renovations, Housing Market News Update, mortgage, New York Real Estate | Tagged , , , , , , , , , | Leave a comment

How long does a foreclosure stay on your credit report?

With all the foreclosures sprouting up, struggling homeowners that are either going through the process or teetering on the brink may be wondering what the repercussions are. With regards to credit, foreclosure is a very serious delinquency, and one that … Continue reading

Posted in Foreclosures, general, Housing Market News Update, mortgage, New York Real Estate | Tagged , , , , , , , , | Leave a comment