Yes, the federal home buyer’s tax credit of up to $8,000 has officially ended, but Coldwell Banker has decided to help home buyers and sellers by continuing this bonus program on their own until the end of July.

Coldwell Banker calls is a “Buyer Bonus Sales Event” and it works like this: Coldwell Banker will offer a credit of 3% to buyers who purchase a home through Coldwell Banker. The most credit a buyer can recieve is $8,000 in most states and $10,000 in California. This credit is available …

Bank of America is the first major issuer of mortgage loans to announce that it is implementing a new loan balance reduction program that will help homeowners who are underwater on their mortgages. The $3 billion national program will begin looking at, and possibly reducing, up to 30% of the mortgage balances and after that it may also lower the interest rates of some mortgages to reduce monthly payment amounts for homeowners.

By offering these reduction Bank of America is hoping that its borrowers won’t just walk away from their houses when their …

It sounds like it’s too good to be true: If your home mortgage is upside down you can sell your home for market value, not owe the remainder of the mortgage balance AND get paid $1,500 to move!

That’s pretty much what the Obama administration’s new plan is for kick starting the economy and helping homeowners who are stuck in houses that are worth less than their mortgage amount. The process of selling something for less than you paid for it it called a “short sale” and mortgage banks and …