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Creative financing boosts risks in US housing boom  With US home prices going through the roof, more Americans are using "creative financing" to buy their dream house -- but experts say the moves only add to speculative fever


Home sweet Home  Published: Sunday, Jul. 17, 2005 NASHUA Jim Basiliere refuses to pay $300,000 for a single-family home.read more...


30-year, fixed rate mortgage still the best for most buyers (The Biloxi Sun Herald)  Q: I'm house hunting this spring and have found a couple of nice homes, so I'm thinking about the next step. Which type of mortgage is best?read more...


Steps you can take to make 2008 a better financial year  "Make sure your payments are received on time" The new year is upon us, and with it comes the potential to improve your financial situation.While that goal may seem


Learn the art of managing space  When living in apartments, we often feel cramped and end up wishing we had more space.Commentread more...


Connecticut Seeks Arrest of Former Mortgage Executive Heffernan (Bloomberg.com)  March 26 (Bloomberg) -- Connecticut officials asked for an arrest warrant against Mitch Heffernan, saying the former head of Mortgage Lenders Network USA, the second-biggest subprime lender to go bankrupt

January 10th, 2008

Inheriting a Tax Quandary

Q: Twenty years ago, my mother placed my name on the deed to her house to avoid tax issues when she died. Will the Internal Revenue Service treat this as inherited property or consider it investment property? Did I inherit her half of the property?

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