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Homeowners can get second mortgages adjusted, too

By Stephanie Armour , USA TODAY The Obama administration's initiative to help homeowners obtain modifications of second mortgages is getting off the ground. Just this month, Bank of America became the first major lender in the program to send letters

Home Affordable Foreclosure Alternatives Makes Short Sales Easier

By Michele Lerner , Bankrate.com Homeowners struggling to sell their homes in a short sale are getting some relief, thanks to the federal government's Home Affordable Foreclosure Alternatives, or HAFA, program. Up to now, many short sales -- in which

Rules unveiled to speed housing "short sales"

The Treasury Department unveiled sweeping rules this week to help financially troubled homeowners who need to sell but can't get a price high enough to pay off their mortgages. Homeowners will even get $1,500 to help cover their moving costs. The

NAR Frequently Asked Questions Homebuyer Tax Credit Changes

Here are some of the most frequently asked questions on the changes to the Homebuyer Tax Credit: Question: Existing homeowner credit: Must the new house cost more than the old house? Answer: No. Thus, for example, individuals who move from a high cost