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Archive for December, 2012

How America Got Its First Christmas Tree

How America Got Its First Christmas Tree

Christmas trees now sparkle in millions of homes, but did you ever wonder how the tradition began? No doubt there are many stories regarding the start of this custom, and here’s one I’d like to pass along. At first, celebrating Christmas in America — with or without a tree — was simply banned. “America,” according […]

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RGIII — Race, Football & Foreclosures

RGIII — Race, Football & Foreclosures

Washington Redskins quarterback Robert Griffin III has been much in the news during the past week, first for an on-field knee injury and then because of questions regarding his group identity. ESPN sports commentator Rob Parker, who is African-American, wanted to know whether Griffin was “a brother or a cornball brother?” “We all know he […]

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Sharga: End Mortgage Deduction At Economy’s Peril
By December 19, 2012 0 Comments Read More →

Sharga: End Mortgage Deduction At Economy’s Peril

The fate of the mortgage interest tax credit seems to be on everyone’s mind at the moment. I get asked about it pretty much everywhere I go these days, from business meetings to media interviews – even casual discussions at holiday parties. People are afraid of this happening, though not everyone sharing their worries seems […]

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American Chopper Hits End Of The Road

American Chopper Hits End Of The Road

Technorati Tags: American Chopper, bike, bikes, building, chopper, Fast ‘n Loud, foreclosure, Gas Monkey Garage, Jesse James, junior, mortgage, motorcycle, OCC, Orange County Chopper, Paul, Paul Jr., Paul Sr., payments, PJD, senior, Teutel

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Foreclosure Skid Reflects Hurricane Sandy Impact

Foreclosure Skid Reflects Hurricane Sandy Impact

The latest monthly report from RealtyTrac.com shows that November foreclosure filings were 19 percent lower than a year ago, the 26th consecutive month with an annual decrease in foreclosure activity. It’s hard to look at the new numbers and not suggest that part of the slow down is related to Sandy, the huge storm that […]

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Foreclosures Take Back Seat To Short Sales, Says RealtyTrac

Foreclosures Take Back Seat To Short Sales, Says RealtyTrac

Lenders are beginning to dump foreclosures in favor of short sales and for a very good reason: Money. According to the National Association of Realtors, when compared with properties in good financial shape foreclosures sell with a 20 percent discount while short sales (pre-foreclosures) are typically marketed at 14 percent off. The latest figures from RealtyTrac.com show […]

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How The Mortgage Interest Deduction Can Be Cut, Sliced & Diced

How The Mortgage Interest Deduction Can Be Cut, Sliced & Diced

Is it time to end the mortgage interest deduction? For the first time in years the question is a matter of serious debate in Washington. Right now residential mortgage interest deduction (MID) is generally allowed on first- and second- home debt worth as much as $1 million plus an additional $100,000 for a home equity […]

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Why Mortgage Rates Will Fall In 2013

Why Mortgage Rates Will Fall In 2013

For much of the past year mortgage rates have bounced around at or near record lows. But as we head into 2013 will mortgage rates go higher or fall? Just last week Freddie Mac reported that “the 30-year fixed-rate mortgage has averaged below 4.00 percent all but one week in 2012, while the 15-year fixed-rate mortgage […]

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