Category Archives: Economic news

HUD Waives 90-Day Re-sale Rule

By kgeselle | Published: January 20, 2010
In an effort to stabilize home prices and accelerate the sale of vacant homes, HUD Secretary Shaun Donovan announced a temporary policy change which allows for quicker re-sale of foreclosed homes and expands access to FHA mortgage insurance.
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Congress Extends $8000 Tax Credit

By kgeselle | Published: November 5, 2009
The U.S. House of Representatives voted today to extend and expand the First Time Home Buyers $8000. Tax Credit that was unanimously passed by the U.S. Senate last night. The bill not only extends the $8000. tax credit to first time home buyers (those who haven’t owned a home in the past 3 years) [...]
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