Don’t Get Tricked When Looking for a Foreclosure Treat

HGTV’s real estate Web site Frontdoor.com has identified what it calls the “tricks and treats” of buying a foreclosure:

Tricks to avoid:
**Just because a foreclosure has a low price tag doesn’t mean it’s a bargain. Many need lots of expensive repairs.

STAY-TUNED - Homebuyer Credit Gets New Life

Key lawmakers in the Senate have tentatively agreed to extend the existing $8,000 tax credit for first-time home buyers and also offer a new $6,500 credit for existing homeowners who have lived in their current residence for a consecutive five-year period in the past eight years.