What is it? The first-time homebuyer credit is an incentive to perk up the housing market. It rebates 10 percent of your home price— up to $8000 for first-time buyers, and up to $6500 for previous buyers. Continue reading
Housing
Foreclosure versus Bankruptcy
No Win: Comparing Foreclosure or Bankruptcy
Deciding whether foreclosure or bankruptcy is easier is choosing the lesser of two evils— neither is easy, neither is particularly wanted, and both create negative consequences. Continue reading
Housing Bubble: Way Back in the Day
Remember the so-called “housing bubble” back in 2007? Economists were predicting its implosion for a long time, but many did not predict the fall of the financial industry. Continue reading
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