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House mortgage bill doesn't offer bailout
Wednesday, 11.28.2007, 12:05am
The House of Representa- tives has passed a mort gage reform bill that is as remarkable for what it doesn't do as for what it does. It doesn't include a bailout of borrowers or lenders.The Mortgage Reform and Anti-Predatory Lending Act of 2007 seeks to prevent borrowers and lenders from making dumb choices. It doesn't help troubled borrowers and lenders who made poor decisions in the past. |
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Americans believe buying a home still a good decision
Wednesday, 11.28.2007, 12:04am
LAS VEGAS: Americans remain convinced that buying a home is a good long-term investment. That's just one of the findings from the 2007 National Housing Pulse Survey, released today during the annual Realtors Conference & Expo. here through November 16. |
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A little good news about real estate
Wednesday, 11.14.2007, 12:05am
It may still have to get worse before it gets better, but the residential real estate market shows signs that demand is building and home values may start recovering in 2008. |
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Many factors determine home value
Tuesday, 11.13.2007, 11:59pm
Dear Steve,
What is fair market value in real estate and how is it determined? Has this formula changed since the housing market fell?
-- Donna B.
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NJ agencies launch program to address mortgage crisis
Tuesday, 11.06.2007, 11:51pm
NEW JERSEY: In a bid to prevent foreclosures in the face of the mortgage crisis, several New Jersey State agencies have come together with financial services institutions to announce a public-private alliance designed to both educate and assist New Jersey homeowners. |
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Home auction best left to pro
Tuesday, 11.06.2007, 11:48pm
Dear Steve I am a salesperson by trade and am considering auctioning my own house. Can I run my own auction? -- Judy K.
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20 things that can alter the value of your home
Tuesday, 10.30.2007, 11:39pm
1. An updated kitchen. "Kitch ens are critical," says Rob ert Irwin, author of "Home Buyer's Checklist." "Today, people like a big kitchen with a lot of workspace."They look for solid surface counters and high-quality flooring, such as wood, laminate, tile or stone.
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Rates drop, and so do home sales
Tuesday, 10.30.2007, 11:38pm
Home sales are crashing and investors are losing billions of dollars on bad home loans. All in all, it spells great news for mortgage rates.The benchmark 30-year fixed-rate mortgage fell 18 basis points to 6.31 percent, according to the Bankrate.com national survey of large lenders. |
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Everyone could win on home 'short sale'
Wednesday, 10.24.2007, 10:11pm
If you can no longer make your mortgage payments and your home is now worth less than you owe on it, foreclosure may not be your only option.A short sale
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Laws protect elderly in dicey sales transactions
Wednesday, 10.24.2007, 10:09pm
My elderly mother in her early 80s had been tell ing a few people that she wants to sell her large rural property in the near future. Soon, one "friend" brought papers over to her that he said would give him first option to purchase it. She signed with a witness present. It turned out that the papers were part of a real estate sale contract,
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