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26 February 2009
A $75 billion plan has been announced by President Obama on February 18 which aims at stopping the foreclosure of homes. This bill, called the Homeowner’s Stability Initiative (HSI) will help around 7 to 9 million Americans who are facing foreclosures by restructuring or even refinancing their mortgage. Because of the economic crisis in America [...]
Posted in Home7 Comments
23 February 2009
There is good news for those of you in California who are planning to buy a new home as well as for the builder’s community who are battling great slump in the real estate sector. Last week California Lawmakers approved $10,000 Tax credit for home buyers in an effort to give impetus to the state’s recession [...]
Posted in Home, Real Estate, Saving & Investing0 Comments
22 February 2009
The much awaited New Economic Stimulus Package (Second) has been passed by the Obama administration to battle the current economic downfall. With unemployment at its highest level in a quarter of a century, the banking industry is in crisis despite the bailout money given to the sector and the whole economy facing its worst crisis [...]
Posted in Auto, Banking, Economy, Home, Insurance, Jobs, Medical, Real Estate0 Comments
19 February 2009
The stimulus package signed by President Barack Obama on Tuesday carries good news for those laid off workers who were finding it difficult to continue with their group health plan or COBRA. Hopefully some of your concerns would be taken care off in the new stimulus bill has special provision for COBRA or Consolidated Omnibus [...]
Posted in Economy, Insurance12 Comments
17 February 2009
US Marshals today raided the offices of Stanford Financial Group in Houston, Texas. Apparently this site is also the HQs of this financial company which oversees around 50 billion dollars of financial assets.
17 February 2009
Welcome to the world of hard hitting reality. Bad economy was something we all heard mostly on news and media. Unless we or somebody we know got laid off, troubling economy was something we only heard about happening in distant shores. But now the troublesome reality is inching closer. And before we know it, we [...]
Posted in Economy0 Comments
17 February 2009
The long awaited and much anticipated tax credit bill for the home buyers has finally been announced. An $8000 tax credit has been announced for the perspective home owners. Though all the details regarding the bill have not emerged yet and the picture is still hazy, yet one thing which has become certain is that [...]
Posted in Home, Real Estate3 Comments
17 February 2009
The ongoing debate in the Congress regarding the housing stimulus bill has been settled. The bill has been watered down from its original tax break of $15000.
Posted in Home5 Comments
17 February 2009
Obama’s administration recently passed a stimulus bill which is intended to help the Americans bounce back. More specifically, the bill contains a measure to prop the new home owners who are right now sitting on the fence by providing them a tax break for $8000 when they buy a first home.
Posted in Economy2 Comments
