Foreclosures are still stacking up around the country, and experts are saying there is more to come.
“We won't see a decline until 2011,” said Rick Weinberg, spokesman for auction company Real Estate Disposition Corp. (REDC).
“Foreclosures will be increasing dramatically,” he said. “This is the worst foreclosure crisis in US history.”
Don't miss out on your chance to get your hands on $8,000 worth of government money.
In an interview with Ronald Phipps from the National Association of Realtors, the Wall Street Journal reminds us that the opportunity to earn $8,000 in tax credits is almost over!
Current market conditions are such that foreclosure proceedings are straining the judicial system. For home-buyers in South Carolina and elsewhere in the Country this means more opportunities and cheaper prices.
LAKE ELSINORE, California (CNN) -- The two-story homes on Fir Circle in an upscale Lake Elsinore, California, neighborhood tell two stunningly different tales.
Some are vacant, bank-owned and beat-up inside. Others are filled with kids' laughter and the sounds of boxes unpacking and families moving in.
Last month, the Internal Revenue Service announced that first-time homebuyers who purchase in 2009 can claim 10 percent of the purchase price up to $8,000, or up to $4,000 for married people filing separately.
Information from the IRS Website: "The First-Time Homebuyer Credit is a tax credit included in the Housing and Economic Recovery Act of 2008. The American Recovery and Reinvestment Act of 2009 expanded this credit to include purchases made before December 1, 2009.