IRS Tax Rebate Scam via Email

With the deadline to file your income tax return coming due on April 15 where you will tell Uncle Sam how much you made this year, this is an opportunity for internet scammers to obtain your personal financial information by accessing your computer through an e-mail phishing scam.

The email looks very official with the IRS logo, signatures and even an apparent IRS email address but this is not a legitimate email. The Internal Revenue Service warns consumers NOT to click on the link as instructed by the sender.

The body of the email may state the following Read more

February 16th, 2008 · Filed Under UnReal Estate posts

Comment

H.R. 5140 Economic Stimulus Package passes New Conforming Loan limit

Although the Economic Stimulus Package was signed by President Bush yesterday, it could be a couple of months before the impact is felt in the mortgage markets. There are some kinks and details that still need to be worked out.

03/06/08 Update: New FHA & Conforming Loan limits for California released by HUD

If everything goes well, and it is expected that it will, rates for loans between $417,000 and the (temporary) new Fannie Mae’s and Freddie Mac’s conforming loan limit of $729,750 will be Read more

February 14th, 2008 · Filed Under Mortgage - Loan Information

6 Comments

Project Lifeline Aims to Help SOME Homeowners Facing Foreclosure

Yet another plan hoping to aid homeowners was unveiled this past Tuesday.

However, don’t think for a moment that this plan, introduced by the Bush administration and six of the largest mortgage lenders, will help every homeowner facing foreclosure. No…It won’t, but with the combination of this plan, the “Mortgage Rate Freeze,” the Economic Stimulus Package unveiled yesterday and today’s lower mortgage rates we may see a few more homeowners able to save their homes.

The program called “Project Lifeline” will offer Read more

February 14th, 2008 · Filed Under Foreclosure-Short Sale Information