The New York Times cited a study by First American CoreLogic that claims foreclosures will continue to rise through the summer, peaking at 5.1 million homes, or more than 10 percent of residential inventory that will be worth 75 percent or less than the mortgage on the property. The NYT article a
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02/03/2010
It's that time of year agian ... From Kelly Phillips Erb's blog, "TaxGirl," comes this gem that will surely help you avoid an audit this tax season. Also see the IRS checklist to avoid common errors when preparing your taxes: http://www.irs.gov/taxtopics/tc303.html 1. Be good at math. The IRS con
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02/03/2010
The Fed today released the findings of a survey of 55 domestic banks and 23 U.S. branches and agencies of foreign banks that indicates a majority of lending institutions are putting the brakes on credit-tightening practices. The pendulum is poised to swing the other way as financial institutions
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02/02/2010
I had to reblog David Fox's entry about the potential benefit of Google's Nexus One Android Phone for the real estate industry. He really has a very thorough analysis on his Web site (link at bottom of this post). Thanks, David!Google Nexus One - Android Phone for Real Estate Agents Google has ju
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02/02/2010
I wrote this back in October 2006. Seems just as relevant today as it was then. It never ceases to amaze me to hear agents who aren't doing as well this year as last "blaming the market" for their woes. Not that they gave credit to the market for their success last year when as long as you co
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02/02/2010
A Reuters news report today citing new National Association of Realtors figures for December, 2009, indicates pending home sales and vacancies are slightly up. The National Association of Realtors' latest Pending Home Sales Index rose 1 percent to 96.6. The slight increase is more than 10 percent
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02/02/2010
Despite what some may believe, HUD (Housing and Urban Development) does not mean low income. HUD now insures mortgages beyond the $700,000 mark. HUD does a great deal more than single family homes in the poorest part of town. HUD is an essential part of our housing market and without it, the aver
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02/02/2010
You should never pay for a foreclosure list. Nor should you ever buy a training series on real estate investment. America's only free foreclosure list resource is USHud.com, specializing in accurate and comprehensive data for homebuyers, investors and real estate professionals. The foreclosures f
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02/02/2010
The most time consuming and complicated foreclosure homes to buy are, without a doubt, Bank REO (Real Estate Owned) properties. Information on bank REOs is rarely easy to obtain. A great deal of research is required and the only way to conduct bank REO research is to spend countless hours at the
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02/01/2010
The average foreclosure home is priced well below market value. Depending on locale, homebuyers can save 25 percent or more when purchasing a foreclosure property. Additional savings can be realized by financing a foreclosure home through VA (Veterans' Administration), as there is no charge for m
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02/01/2010
