Trulia.com and RealtyTrac recently surveyed U.S. adults to get some insight into what people *think* is involved with buying a foreclosure. Here are the Top 10 Myths that came up, and the facts to set the record straight…

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The Fed reiterated its expectation that the benchmark fed
funds rate would remain “exceptionally low,” as it has since
December 2008, for “an extended period,” despite growing
concerns among policy makers that the stance was too
constraining.

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Image by Getty Images via Daylife DEAR BENNY: I am shopping for a new mortgage (I will refinance about $160,000 remaining on a condo worth about $300,000) and discovered my mortgage holder wants about $2,200 in closing costs. I just financed with this bank three years ago and have stellar credit. There seems to be [...]

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Federal Reserve Chairman Ben S. Bernanke said that the central bank’s low interest rates didn’t cause the last decade’s housing bubble and that better regulation would have been more effective in limiting the boom.

Read more…

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Too often, regulators say, seniors are poorly counseled in advance and don’t comprehend what they are getting into. If you, your relatives or friends are contemplating applying for a reverse mortgage in 2010, check out the new guidelines proposed this month by the federal regulatory agencies for financial institutions.

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ANY AMOUNTS YOU PAY OVER THE MINIMUM PAYMENT WILL NOW BE USED TO PAY DOWN YOUR BALANCES WITH THE HIGHEST ANNUAL PERCENTAGE RATE.

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If you’re not buying or selling but randy to do something in real estate then add value to your best and likely largest investment, your home with a remodeling project. The contract is a critical step in any remodeling project; it holds the job together and ensures that all parties agree to the same vision [...]

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Image via Wikipedia Yes, this one is used actively. Sign of the times. Defaults on debts or other obligations taken on by large financial institutions that affect not only the economy of the financial institution’s home country, but also the global financial community as well. FDIC look out. Debt Bomb Related articles by Zemanta Congress [...]

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