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Archive for May, 2012

RealtyTrac: 1 in 4 Home Sales Foreclosed, Distressed

RealtyTrac: 1 in 4 Home Sales Foreclosed, Distressed

One out of every four homes for sale today is likely to be a part of the mortgage mess, a home that’s facing foreclosure, being foreclosed or has been foreclosed and is now for sale through a lender according to the first quarter numbers just released by Realtytrac.com, the leading online marketplace for foreclosure properties. The […]

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2012 Memorial Day — Make Military Salaries Tax Free

2012 Memorial Day — Make Military Salaries Tax Free

On this Memorial Day let’s take a moment to remember those who served in the Armed Forces in past years and those who serve today. And let’s do something to really honor the courage and commitment of those who served, let’s make military salaries tax free. For most Americans the history of a lifetime is […]

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American Chopper: Peace at Last?

American Chopper: Peace at Last?

In the final few minutes of American Chopper’s last episode of the season there was finally the hug between Paul Teutul, Sr. and Paul Teutul, Jr. Like Sam Cooke said, it’s been a long time coming…. As difficult and awkward as the situation is, the Teutuls at least had the courage to sit down and […]

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Five Reasons Commuting Is Dead

Five Reasons Commuting Is Dead

Driving to and from work each day is bad for your health, commuting news most of us intuitively understand. A report published by the American Journal of Preventive Medicine says that those with lengthy drives each day are likely to be both overweight and suffer from higher blood pressure. If there is any good news […]

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RealtyTrac: Have Foreclosure Actions Really Dropped?

RealtyTrac: Have Foreclosure Actions Really Dropped?

April foreclosure activity fell to the lowest level seen since July 2007 according to RealtyTrac. But before celebrating let’s look at the reasons why. There were 188,780 foreclosure filings — default notices, scheduled auctions and bank repossessions — reported on 188,780 U.S. properties in April, the lowest monthly total since July 2007. April foreclosure activity […]

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Virgins, Foreclosures & Auctions

Virgins, Foreclosures & Auctions

We usually associate real estate auctions with foreclosures and other unhappy events, but Pam McKissick argues that auctions should have a wider role in today’s residential market. McKissick, the CEO of Williams, Williams & McKissick, one of the nation’s largest auction firms, says “auction bridges the gap between buyers’ desires and sellers’ expectations. Auction is where real […]

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Have Foreclosures Impacted 8 Million Children?

Have Foreclosures Impacted 8 Million Children?

A new report says more than 8 million children have been impacted by foreclosures since 2007. It’s a big number and unfortunately it understates the case. The study by First Focus and the Brookings Institution says one child in ten has been impacted by the mortgage meltdown. “An estimated 2.3 million children in single-family homes […]

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PCs: Why The Thrill Is Gone

PCs: Why The Thrill Is Gone

Would you pay more than $4,000 for a laptop? Such goodies are now available. Bloomberg News reports that the latest laptops are quick, thin and have huge amounts of storage capacity. The price for such computing firepower? Anywhere from $1,700 to as much as $4,500. (See: Skinny, Pricey PCs Timed for Windows 8,” May 2, […]

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FHA Mortgage Applications Up, Approvals Down

FHA Mortgage Applications Up, Approvals Down

A lot of people who hope to buy real estate at bargain prices are finding that FHA mortgages have become hard to get. While home prices are generally down more than 19 percent from the highs seen in 2007, and while fixed-rate mortgages continue to be available at less than 4 percent, borrowers are finding […]

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