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Dear Seller - Ten Sure Fire Ways to Distract Buyers from Focusing on Your Home. This may seem a bit harsh but it is just plain speaking honest commentary regarding my experience as a buyer's agent. The statements below are taken directly from the comments and behaviors of buyers viewing homes for sale. It not meant to be ...
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Are you wondering why it takes so long to get short sales approved? The real reasons may be very different from what you might believe.
It would seem when prices are down and millions of homeowners owe more than their home is worth that it is in everyone's best interest to approve a short sale. All the more so when Mortgage Bankers ...
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Freddie Mac Eases Rules for Some Florida CondosFreddie Mac said on Wednesday it would relax some rules that have made it harder to get mortgages for condominium units in Florida. The move could make it easier for some owners to sell their units.
Last year, Freddie Mac and its larger rival Fannie Mae tightened lending rules for condos, reducing ...
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President Obama is announcing an expansion of foreclosure-prevent tactics, including a plan to reduce principal balances and special aid for unemployed borrowers.
The bulk of the responsibility for carrying out the new program will be assigned to the Federal Housing Administration, which will insure lenders against part of the losses.
The plan ...
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The Clock is Ticking...
Extended and Expanded Tax Credit Expires 4/30/10
For prospective homebuyers who are on the fence about making a home purchase, the next few months represent a countdown of sorts as huge tax credits are about to expire. Here are important details for you to know:
Tax Credit for First-Time Homebuyers (FTHBs)
FTHBs (that ...
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The federal government made the subprime mortgage mess inevitable when it imposed social engineering rules on private mortgage contracts. The long process began with the 1975 Home Mortgage Disclosure Act (HMDA), the 1977 Community Reinvestment Act (CRA) and the regulatory bureaucracy that these two legislative acts required.
Over the next thirty ...
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Look at the statistics on foreclosures:
98.7% of mortgages are NOT in foreclosure.97.4% of mortgages are paid on time1.28% of mortgages ARE in foreclosure.Only 10% of mortgages are subprime loans.8% of subprime mortgages are in foreclosure or delinquent.
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