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According to the Wall Street Journal, Mr Sambrotto spent six months trying to sell the apartment in trendy Chelsea through online listings and classified advertisements.
But the DIY home selling guru eventually decided to turn the sale over to a professional.
Not only did the Realtor set the price $150,000 higher than the original asking price, ...
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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 lenders from getting a deficiency judgment against a borrower under certain conditions.
Nevada ...
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A rumor was afloat yesterday regarding a major bailout in the works from the government for the amount that homeowners are “upside down” on their loan balance, relative to their home value. The rumor gained so much attention that the Treasury Department felt compelled to address it, and said they have no plans for such an ...
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The long anticipated restoration of the Section 502 single-family rural housing program is headed to President Obama's desk for signature into law. NAR has been working on restoring funding since March. Although the legislation increases the guarantee fee for borrowers, the fee can still be financed. This change will make the program ...
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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 in place as of April 30, 2010 that have not yet closed. The legislation is designed to ...
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Last week, Bankrate.com reported very favorable rates, with the 30-year fixed remaining unchanged from the previous week's record low.
The benchmark 30-year fixed-rate mortgage remained 4.88 percent last week, according to the Bankrate.com national survey of large lenders. The mortgages in this week's survey had an average total of 0.48 ...
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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 partners are tracking down your schemes, and you will be brought to ...
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Affordable TREC Education, Sunday, June 13, 2010 4:31 PMBefore 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 insisted that his lender, American Home Mortgage Servicing, agree not to come after him for the ...
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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 not extend the deadline for home buyers to qualify for the tax credit. ...
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The national average 30-year fixed-rate mortgage rose 3 basis points this past week, to 4.95 percent with an average total of 0.45 discount and origination points, according to the Bankrate.com national survey of large lenders. A basis point is one-hundredth of 1 percentage point. One year ago, the 30-year mortgage index was 5.65 percent. Last ...
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