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Foreclosures Up 60% in February

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Foreclosures Up 60% in February   Foreclosure filings nationwide jumped 60% in February compared with the same month last year, but they decreased slightly versus January, according to a report released recently.  The report says 223,651 homes got hit with foreclosure filings last month, which include default notices, auction sale notices and bank repossessions. 46,508 […]

Housing: The Next Shoe to Drop

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Housing: The Next Shoe to Drop   The credit crunch has finally hit the traditional mortgage market.   Investors are now shunning mortgage-backed securities issued by government sponsored enterprises Fannie Mae and Freddie Mac, which have been critical in keeping the real estate market from completely falling apart.   For those who can still get […]

New Tax Breaks Will Aid Some Homeowners

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New Tax Breaks Will Aid Some Homeowners   Before filing your federal income-tax return, check to see if you’re eligible for a few new breaks.   Among them is a deduction for private mortgage insurance premiums. Claim it on Schedule A, line 13. The insurance must be "in connection with home-acquisition debt," the IRS says. […]

Playing the Housing Slump

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Playing the Housing Slump   Financial lore says you should buy when there’s blood in the street — which suggests real estate is a bargain, because there’s blood all over the neighborhood right now.   Time to invest?  Now could spell opportunity for this year’s buyers.  But what if you already own a home — […]

Taxes: Changing Mistakes

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Taxes: Changing Mistakes   Taxes can be complicated, which means it’s easy to make mistakes…mistakes that could have gotten you a bigger refund…or could get you in hot water with the IRS.   But just because a mistake is made doesn’t mean it can’t get corrected. Here’s money reporter Stacy Johnson with some quick advice […]

Taxes: Paying With Plastic

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Taxes: Paying With Plastic   Are you filing your taxes electronically this year? If so, and you happen to owe the IRS money… chances are you’ll be among the those who’ll pay with their credit cards.   Money reporter Stacy Johnson has some advice on a less taxing option. (Runs 1:37)   Are you going […]