Fed Agencies to Push Foreclosure Assistance

WASHINGTON – Sept. 14, 2011 – The Ad Council – in partnership with the U.S. Department of the Treasury and the U.S. Department of Housing and Urban Development (HUD) – will launch a new phase of their Foreclosure Prevention Assistance Public Service Advertising (PSA) Campaign.

The campaign, if successful, will increase awareness of the Making Home Affordable Program’s (HAMP) free resources for homeowners struggling with mortgage payments.

Condo Radon: Found Above the Ground Floor

Think you’re safe from radon in your condo high above ground? You’re not. Stealthy radon gas can seep out of concrete floors and ceilings, too.

Alternatives to a Reverse Mortgage

A reverse mortgage is a tempting route to take for cash-strapped seniors who own their homes, but this road to riches can be curvy.

Do you wish you could tap your home equity without having to make loan payments every month? If you’re 62 and own a house that’s paid for, or at least nearly paid for, then your genie in a bottle just might be a reverse mortgage. With a reverse mortgage, you can receive a handsome payout in the form of a lump sum, monthly distributions, a credit line, or as some combination of the three.

Insuring Against Natural Disasters

Your homeowners insurance covers many of life’s disasters, just not some natural disasters like earthquakes and floods, so consider supplemental policies.

Improve Credit Score with These Home Finance Tips

How you manage your home ownership finances affects your credit score—and your ability to refinance later.

Your credit score affects how much you’ll pay for a mortgage or refinance—or even if you can get one at all. Master the six ways to manage home-related spending to keep your credit score braggingly high.

Get Rid of Roaches Forever (At Least For Now)

Get rid of roaches by starving, trapping, and poisoning them: It’s a start.

Mortgages Without Fannie Mae and Freddie Mac

Some legislators say we don’t need mortgage giants Fannie Mae and Freddie Mac. What would happen if lawmakers got their way?

Some in Congress want to shut down Fannie Mae and Freddie Mac. They think the government shouldn’t be spending taxpayer money to support the mortgage market and that we should instead rely solely on Wall Street for mortgage market funding.

Outdoor Lighting for Curb Appeal and Safety

Well-planned outdoor lighting improves curb appeal, safety, and security for your home.

Think about it: Most of your guests (and if your home is on the market, many would-be buyers) see your home only in the evening, when its best features may be lost in the shadows. Well-executed outdoor lighting enhances architectural detail and plays up landscape features, casting your home in the best possible light and adding an abundance of curb appeal.

Outdoor lighting also adds value. Judith Patriski, an appraiser and owner of Quad Realty Co. near Cleveland, estimates that for upper-bracket homes, an investment in outdoor lighting can yield a 50% return. “When you pull into a driveway and see a gorgeous home, you’re going to pay more for it,” says Patriski.

First-Time Home Buyer Tax Credit: Repayment Time

And the fine print says? It’s time to repay the piper. The 2008 first-time home buyer tax credit was a loan, not a gift.

Schedule A Form: 6 Home Deduction Traps

Get an “A” on your Schedule A Form: Dodge these tax deduction pitfalls to save time, money, and an IRS investigation.

Schedule A is the part of Form 1040 you use to list myriad deductions, and the more moving parts, the more prone you are to misinterpretation. To save you heartache, we asked four tax experts to weigh in on the six most common Schedule A mistakes do-it-yourselfers make.