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The 2011 Nevada legislative session yielded three new laws that afford homeowners additional protections. One has to wonder if Tennessee should follow suit. Nevada Senate Bill 414: Prohibits banks from unreasonably delaying a short sale. Also prevents Read More...
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Good news! After a close brush with the deadline, Congress has passed an extension of the Homebuyer Tax Credit closing deadline , the Homebuyer Assistance and Improvement Act (H.R. 5623). The extension applies only to transactions that have ratified contracts Read More...
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“From home buyers to lenders, mortgage fraud has had a resounding impact on the nation’s economy,” Mueller added. “Those who prey on the housing market should know that hundreds of FBI agents on task forces and their law enforcement Read More...
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Affordable TREC Education, Sunday, June 13, 2010 4:31 PM Before Larry Thomas unloaded his Pompano Beach, Fla., home last fall for a fraction of what he paid, he cut a deal that will keep him from worrying about a huge debt hanging over his head. Thomas Read More...
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Three Senators introduced a measure to extend the present home buyer tax credit closing deadline from June 30 to Sept. 30. They are Senate Majority Leader Harry Reid, D-Nev., and Sens. Johnny Isakson, R-Ga., and Chris Dodd, D-Conn. This amendment does Read More...
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Daily Real Estate News June 4, 2010 Interest on 30-year fixed home loans averaged 4.79 percent this week -- up slightly from 4.78 percent a week ago but still near historic lows. The average rate on 15-year fixed loans hit a record low of 4.2 percent, Read More...
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The average 30-year fixed-rate mortgage slid 4 basis points, to 4.92 percent . A basis point is one-hundredth of a percentage point. The new rate is the lowest in the nearly 25-year history of the weekly Bankrate survey, eclipsing the previous record Read More...
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Feddie Mac reports a drop in the 30-year fixed mortgage rate to 4.98 PERCENT during the week ended March 19 from 5.03 percent the prior year, marking the lowest rate since 4.96 percent in mid-January. Experts say rates could fall further in response to Read More...
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…at least according to the Washington Post and the Mortgage Bankers Association . Although there have been, and will continue to be, variations from week to week, experts predict rates will remain low for a while, but won’t go very much lower. Read More...
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I know you haven't seen anything in the news about this... ...end time signs, I believe. Please pass this on. Take 9 minutes and watch this video below. Try to watch it before it's pulled from YouTube . http://www.youtube.com/watch?v=vuBo4E77ZX Read More...
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Business Week magazine reports real estate commissions in some parts of the country are going up as anxious sellers are willing to pay more to attract the attention of agents with buyers, and listing agents are become more particular about the homes they Read More...
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Fannie Mae Announcement 09-02 (2/6/09) At the urging of NAR, Fannie Mae announced a new policy on February 6, 2009, to allow investors and second home buyers to own up to 10 financed properties. The new policy takes effect on March 1, 2009, and replaces Read More...
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According to USA TODAY, the “American Dream is shrinking.” Understandably, new construction is at a low ebb, if not an all-time low. Nevertheless, according to a recent article ( “New homes being built smaller” ), those homes that Read More...
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FROM BUD GEORGE, Bob Parks Realty, LLC Subject: Nashville Low Risk of Future Home Price Declines PMI corporation just released a study showing the likelihood of price depreciation in the next two years for the top 50 metro areas. While there are several Read More...
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The Wallstreet Journal, Science Journal, by Robert Lee Hotz June 27, 2008; Page A9 Fishing in the stream of consciousness, researchers now can detect our intentions and predict our choices before we are aware of them ourselves. The brain, they have found, Read More...
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