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CHICAGO (MarketWatch) -- Home buyers may soon win more time to get to the closing table to qualify for a federal home-buyer tax credit of up to $8,000. The House of Representatives passed the Homebuyers Assistance and Improvement Act on Tuesday to extend the deadline for the home-buyer tax credit, which would give buyers who have purchase contracts in place three more months to close on the sale. The measure still awaits approval in the Senate; a vote there could come as early as Wednesday. Under the House bill, buyers must close before Oct. 1 to be eligible for the credit. That means people who had hiccups in getting to the closing table would have a few more months to wrap things up. The closing deadline was originally June 30. To be eligible, buyers needed to have a contract in place by April 30, and that won't change through this legislation. The National Association of Realtors estimated that about 180,000 otherwise eligible buyers were likely to miss out on the credit if the original deadline was upheld. One big hurdle for buyers has been getting the mortgage approval on time, as lenders work through a clogged pipeline of applications. In the Senate, the measure to extend the closing date for these buyers is included in a bill that also would extend unemployment insurance. Majority Leader Harry Reid filed for cloture on the bill on Tuesday, and expects to have a cloture vote on the measure on Thursday, according to Reid's office. If cloture is invoked, that limits debate on the bill, bringing it a step closer to a final vote. But Reid said on the Senate floor Wednesday morning that he was working to get an agreement with Republicans to pass the House-passed tax-credit bill by unanimous consent as early as Wednesday, according to Regan Lachapelle, Reid's deputy communications director.

Feldman Law Center - News by Feldman Law Center - The world of loan modifications is ever changing, and proof positive is the federal government's ever-expanding role in influencing banks to offer loan modifications. It was recently reported that...

The Feldman Law Center is owned and operated by Steven C. Feldman, attorney at law. Mr. Feldman has been a member of the California State Bar since 1983 and is well versed in federal loan modification law. To find out more information about the loan modification process visit www.feldmanlawcenter.com.

INDIA TO HOST FIA GALA AWARDS FOR 2011 posted a minute ago by Ashish Arya [ updated Dec 18, 2010 3:18 PM ] Image by baxiabhishek via Flickr India will become the first Asian country to host the FIA Gala Awards - an annual event - next year at New Delhi. The sport's governing body accepted the presentation made by the chairman of the Federation of Motor Sports Clubs of India (FMSCI), Vijay Mallya, at a meeting in Monaco with the event scheduled on 9-10th December 2011.

owners of bank foreclosure homes in Chattanooga are getting assistance from a local counseling program. The program is supported by U.S. federal government funds.

Several foreclosed single-family houses will be either redeveloped or demolished as part of a neighborhood revitalization effort in Leoni Township. The program is financed by U.S. federal funds.

Government foreclosures and bank foreclosure problems will be better solved without too much government intervention. Analysts called for lesser federal role.

Nifty option tips - The Nifty-50 broke below its critical support level of 7,600 in Monday's trade, fuelling concerns of further downside in the market advanced of the outcome of US Federal Reserve's rate-setting meeting on Wednesday.

The NRAS is a Federal and State initiative designed to stimulate the rental market. What it has turned out to be is a real boom for investors, gosh! Where do I sign? It should be noted that the National Rental Assistance Scheme is not designed as a social welfare program but was seen as a necessity to supply a shortfall of rental accommodation evident in the market, primarily for the target market of essential services workers (Fire, Nurses, Teachers, Police etc) NRAS provides investors with TAX FREE incentives of up to $8,672 per dwelling per year for the first ten years. This can be taken as cash, or as Tax Credits. For the incentive, owners agree to rent the houses out at a discount of between 20 - 25% of the market rate. The rental is administered by QAHC on a 10 year lease which provides security, income is indexed every year AND independently assessed to market in years 1, 4 and 7. At the completion of the 10 year lease the property is fully reconditioned and handed back. Banks will still lend against NRAS properties to 85% as a rule of thumb, anything over 70% though is mortgage insured. For further information on the NRAS scheme call me on 5474 4100 any time.

Real estate investments experts have different opinions about the federal government's deal with lenders. Lenders have been ordered to reimburse homeowners.

Relocation of residents is already starting in Jersey City as the area undergoes revitalization. The area received a grant from the U.S. federal government.

Federal housing regulators propose at least 20 percent down payment for distressed residential condo properties. This is to avoid risky loans.

Homes foreclosures for sale processes used by lenders were criticized last year by U.S. states. Latest reports alleged that federal agencies have made a deal.

Targo Mahal is a single storey weatherboard cottage dating from the federation period with main gabled hip roof and gabled wings extending to north and east. Bull nose veranda wraps around the NE corner between the wings and features gabled return and sweeping concrete steps at the corner.

similar to captioned television, CaptionCall uses voice recognition technology and a transcription service to quickly provide written captions of what callers say on a large, easy-to-read screen. It works like a regular telephone -- simply dial and answer calls as usual -- speak and listen using a phone handset like always. The captioning service is free. Captioning is provided by CaptionCall and paid through a fund administered by the Federal Communications Commission.

It seems that our nation's largest store of value is almost out of the woods. Ever since the housing boom reached its peak in 2006, prices have fallen upwards of 50% in numerous regions of our country, like Phoenix, Detroit, and Las Vegas. This loss has severely damaged one of the nations largest industries and crushed the majority of Americans purchasing power, impeding the global economic recovery.

"Auction house REDC had an auction last week for almost 200 Valley foreclosure homes. Opening bids started as low as $500 on some properties in Phoenix's 85006 ZIP code"

The SAFE Act requires that all residential mortgage loan originators must be either federally registered or state-licensed.