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First-time home buyer tax credit faces increased IRS scrutiny
The IRS has an urgent message for would-be home purchasers: Make the most of the $8,000 first-time buyer tax credit before it disappears Dec. 1 -- but only if you qualify. If you don't truly qualify, don't try to play games with the credit. The...Tags: Criminals, Corporate Crime, The Washington Post, Fraud, Politics
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Start house-hunting now to qualify for tax credit for first-time home buyers
First-time home buyers had better get a move on if they hope to take advantage of the $8,000 federal tax credit. The window of opportunity is closing rapidly. To qualify for the credit, any transaction involving a first-time buyer must close before...Tags: Thanksgiving, Marketing, Justice System, Politics, New Jersey
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Lobbying intensifies to extend first-time home buyer tax credit
It's one of the biggest unknowns bugging would-be buyers of houses and condos this summer: Will Congress let the $8,000 nonrepayable tax credit for first-time purchasers expire as scheduled 14 weeks from now? Or will the credit get a second life and be...Tags: Lobbying, The Washington Post, Christopher Dodd, Harry Reid, Politics
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What to do if your mortgage is sold to another lender
It's the mortgage market's equivalent of a Dear John letter: "Goodbye. We've sold your loan to another lender." Some borrowers receive the missive a few days after they close on their loans. Sometimes it arrives years later. But over the life of the...Tags: Wells Fargo & Co., Companies and Corporations, Mortgages, Washington (U.S. state), Politics
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Repeat-buyer tax credit may be failing to stimulate sales
Could Congress' ambitious second round of home purchase tax credits -- especially the $6,500 repeat-buyer credit -- turn out to be lacking in terms of economic stimulus clout? With the April 30 deadline to sign home purchase contracts for both the $8,000...Tags: Services and Shopping, Corporate Crime, The Washington Post, Contracts, Homes
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Homeowners should be careful about how they hold title to properties
The manner in which homeowners hold title to their properties has significant legal ramifications. Consequently, it's not wise to leave this important decision to chance. Escrow agents will ask how you would prefer the title to read. But often the...Tags: Death, Rental Service, Washington (U.S. state), Property, Politics
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Home buyers' tax credit can be turned into cash at closing
The Obama administration has put out the official word: Starting soon, first-time home buyers nationwide will be able to turn their $8,000 federal tax credits into cash for use at closing if they use Federal Housing Administration mortgage financing. But...Tags: The Washington Post, Internal Revenue Service, Money and Monetary Policy, Mortgages, Homes
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Don't reduce your property insurance coverage to reflect lower home values
There are a number of steps every homeowner should take to lower the cost of property insurance. But reducing the amount of coverage to match today's lower values is probably not one of them. Because it costs more to rebuild than it does to start from...Tags: Companies and Corporations, Renovation, Mortgages, Insurance, Values
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Tax credit legislation seeks to broaden program's reach
Since first-time buyers are getting thousands of dollars in tax credits from the federal government to stimulate the economy, why shouldn't all home buyers get equal treatment? What about refinancers -- couldn't they make good use of a tax credit to...Tags: The Washington Post, Laws, House Building, Eddie Bernice Johnson, Real Estate Buyers
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Builders likely to offer incentives after federal tax credits expire
With the April 30 deadline looming, home buyers need to get a move on if they hope to qualify for the federal tax credits of $8,000 for first-timers or $6,500 for owners wishing to move up. But even if you don't have a binding contract in place by the...Tags: Electrical Appliance, Marketing, San Diego (San Diego, California), Riverside (Riverside, California), Economy, Business and Finance
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Catch up on Tribune watchdog reporting
On Wednesday, the Tribune featured reports updating two of its major watchdog projects this year -- "Clout Goes to College," which exposed the University of Illinois admissions scandal, and "Compromised Care," which reported that elderly and disabled...Tags: DuPage County, Medical Procedures and Tests, Colleges and Universities, Employment, Elections
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Tribune watchdog update
(Click on "What we found" to read the original Tribune investigation.)
Lake County's DNA doubts
What we found: In December 2008, the Tribune detailed how Lake County prosecutors were pressing ahead on three cases, including one against Jerry Hobbs,...Tags: Pies and Tarts, Medical Procedures and Tests, Internists, Colleges and Universities, Autism
Aug 9, 2009
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Aug 16, 2009
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Aug 23, 2009
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Aug 23, 2009
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Apr 4, 2010
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Jun 21, 2009
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Jun 7, 2009
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Jun 7, 2009
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Jun 14, 2009
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Apr 18, 2010
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Oct 23, 2009
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Aug 4, 2010
|Story| Chicago Tribune
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