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Home Buyer

Do Home Buyers Need a Pre-Approval?

Jack M. Guttentag | Posted 11.11.2014 | Business
Jack M. Guttentag

With bargaining power shifting from home buyers to sellers in an increasing number of local markets, buyers in competition with other buyers are looking for any edge they can get. One possible edge is a pre-approval letter (henceforth PAL) from a lender.

Pity the Poor House Seller

Lita Smith-Mines | Posted 05.25.2011 | Business
Lita Smith-Mines

If you thought the recent real estate market was unattractive, you'd better look away. Pressed to their walls by their inability to pay their mortgages, scores of home sellers are listing their houses as "short sales."

IRS Investigating More Than 100,000 Suspicious Home-Buyer Tax Break Claims

Wall Street Journal | JOHN D. MCKINNON | Posted 05.25.2011 | Business

WASHINGTON -- The Internal Revenue Service is examining more than 100,000 suspicious claims for the first-time home-buyer tax break, another sign of p...

First-Time Buyer

Roseanne Colletti | Posted 05.25.2011 | Business
Roseanne Colletti

Not having anything to sell in this real estate market makes you a very desirable credit risk to lenders. This means first-time buyers have a leg up.