RECENT BLOG POSTS
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Clients whose homes sit vacant and on the market for many months should contact their insurance agents and arrange for a policy that will protect an unoccupied property. Sticking with a standard home owners policy could leave them vulnerable to liability lawsuits. Some policies also exclude cove...
08/11/2010
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Mortgage applications to purchase homes rose 0.3 percent on an adjusted basis last week, virtually unchanged from the previous week, according to the Mortgage Bankers Association weekly survey. On an unadjusted basis, purchases decreased 0.3 percent compared with the previous week and were 34.1 ...
08/11/2010
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Clients whose homes sit vacant and on the market for many months should contact their insurance agents and arrange for a policy that will protect an unoccupied property. Sticking with a standard home owners policy could leave them vulnerable to liability lawsuits. Some policies also exclude cove...
08/11/2010
The U.S. Department of Housing and Urban Development has charged a Chicago couple and two real estate practitioners with violating the Fair Housing Act by refusing to sell a home listed for $1.799 million to an African American couple because of their race. HUD alleges that owners Daniel and Adr...
08/11/2010
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Short-sale fraud totals $310 million annually and the average amount of fraud is $41,000 per transaction, according to real estate research firm CoreLogic’s 2010 short-sale research study. "The best way to mitigate fraud risk and unnecessary loss is through a collaborative effort where lenders c...
08/11/2010
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The City of Framingham, Mass., is using $1.4 million in federal Neighborhood Stabilization Program money to buy up some of its inventory of 400 foreclosures, rehabilitate them, and then offer them in a housing lottery. Housing officials say it is an innovative program that should improve the sta...
08/09/2010
Program will allow non-FHA mortgage owners to cancel some of their principal and refinance with a new FHA loan. Read more.
08/09/2010
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“Buy low, sell high.” These words have continued to ring true throughout history. As with any timeless principle, some things never ‘change with the times.’ As author George Clason stated in his book The Richest Man in Babylon, that this basic principle of finance is ‘an insight that will a...
08/09/2010
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Housing prices are about to turn around, predicts financial services technology firm Fiserv. David Stiff, chief economist at Fiserv, says home prices will fall 32.9 percent from 2006 through early next year. But by early 2014, he believes they will climb an average of 7.2 percent from 2010 level...
08/09/2010
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The nationwide inventory of homes for sale increased in July, a month when the number of the homes on the market usually declines. ZipRealty Inc. says the supply of homes in the 26 major metropolitan areas in which it does business rose 2.6 percent compared to June. This was the seventh straight...
08/09/2010