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Archive for March, 2011

4 States Consider Use Of Faked Appraisals

4 States Consider Use Of Faked Appraisals

It’s amazing. If you don’t like appraisal results, if you want home prices to be higher, then just change appraisal rules. That’s the theory behind a new legislative drive now taking place in several states. The Appraisal Institute reports that “four states — Illinois, Maryland, Missouri and Nevada — are considering legislation that would prohibit […]

Posted in: News
Can Bi-Weekly Loans Stop Mortgage Foreclosures?

Can Bi-Weekly Loans Stop Mortgage Foreclosures?

If you have a bi-weekly mortgage will your payments be more in line with your paycheck, thus lowering your costs and reducing the chance for foreclosure? Imagine that a household has two wage-earners who take in $100,000 per year. Lenders allow them to finance with monthly payments equal to 31 percent of their income or […]

Posted in: Mortgages
US Home Prices Down 16.5% From Peak

US Home Prices Down 16.5% From Peak

In what has become an unrelenting story, American home prices continue to decline. According to the Federal Housing Finance Agency, January home prices were off 0.3 percent from December and 16.5 percent from the April 2007 peak. The monthly figures should be seen as not especially meaningful as they can be impacted by factors as […]

Posted in: News
Japanese Nuclear Meltdown Could Impact US Home Prices

Japanese Nuclear Meltdown Could Impact US Home Prices

The key to real estate values has always been location, but now the term “location” may be impacted by your home’s distance from the nearest nuclear reactor. The scenes from Japan are grim and the debate over how far is safe from the six troubled Fukushima nuclear reactors is unsettling. Is the right distance from […]

Posted in: News
Foreclosure filings fall, hit false bottom

Foreclosure filings fall, hit false bottom

Foreclosure filings in February dropped to the lowest level seen in three years according to RealtyTrac, the biggest year-over-year decrease since the company began issuing its report in 2005. The report also shows one in every 577 U.S. housing units with a foreclosure filing during the month RealtyTrac reported that foreclosure filings for February — default […]

Posted in: News
When Is $50 Million Not Enough?

When Is $50 Million Not Enough?

Is America good enough for George Buckley? How much more can we do for a guy worth more than $50 million? Buckley is the Chairman, President and CEO of 3M. And as Buckley told the Financial Times, “there is a sense among companies that this is a difficult place to do business. It is about […]

Posted in: News
How To Raise Your Credit Score For $25

How To Raise Your Credit Score For $25

There’s no doubt that credit scores are a big deal when you need to get a mortgage, finance a car or even get a job or an apartment. But did you know there’s a simple, easy and cheap step you can take to get a better credit score? Nope, I’m not selling anything. And please, […]

Posted in: News
Time Winding Down for First-Time Military Borrowers To Get Tax Credits

Time Winding Down for First-Time Military Borrowers To Get Tax Credits

The government’s landmark tax credit program for first-time home buyers is starting to drift back in focus again as tax day approaches. The unique $8,000 credit for new buyers and $6,500 credit for existing homeowners helped inject stability into the slumping housing market during 2010. Consumers and some industry observers have pushed for a renewal […]

Posted in: News