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Archive for January, 2013

What Are The 20 Best Foreclosure Markets?

What Are The 20 Best Foreclosure Markets?

For those who believe the foreclosure crisis is done and gone, consider that many markets continue to offer both large numbers of foreclosures and substantial discounts. Since 2006 more than 10 million foreclosure filings have been sent out and some 5 million properties have actually been foreclosed. However, many of the properties which have been […]

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Is Moving Worse Than Divorce, Death Or Dentists?

Is Moving Worse Than Divorce, Death Or Dentists?

A new study from Unpakt.com tells us that “one in four Americans would rather forfeit vacation for two years than pack up and move.” Actually, the number is surprising: I would have thought that packing and moving were on the famous Holmes and Rahe stress scale, a list of 43 life events which are so awful […]

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Have The Keys To Real Estate Wealth Changed?

Have The Keys To Real Estate Wealth Changed?

Have the keys to great wealth changed in recent years, especially when it comes to real estate? The anwer is plainly yes. When the advice and observations below were first published in 1998 the idea was that they had a certain long-term perspective. The keys remain valuable today but one has notably changed: Savings. The […]

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Obama Second Term To Challenge Big Banks

Obama Second Term To Challenge Big Banks

It will be in the mid 40s for the second inauguration of Barack Obama, but  behind the secenes things will be a lot hotter. One of the big themes of the next four years concerns banks, lending and clarity. In the past few weeks thousands of pages of new regulations have been published as a […]

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RealtyTrac: 2012 Foreclosures Stall — But What About 2013?

RealtyTrac: 2012 Foreclosures Stall — But What About 2013?

The number of homes lost to foreclosure fell 3 percent in 2012 according to the latest annual data from RealtyTrac. Meanwhile, foreclosure filings — which can be seen as a measure of future foreclosure activity — tumbled almost 15 percent during the year. Default notices, scheduled auctions and bank repossessions — were reported on 1,836,634 U.S. properties […]

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Renters Turning Back To Owning & Mortgages
By January 7, 2013 0 Comments Read More →

Renters Turning Back To Owning & Mortgages

Buying a home is now cheaper than renting in most of the country’s housing markets. A litany of recent studies and surveys have almost belabored the point given home values and historically low interest rates. Now there’s new data suggesting renters have clearly noticed the trend — and they’re planning to pounce sooner rather than […]

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Mortgage Insurance Write-Off Safe After Fiscal Cliff

Mortgage Insurance Write-Off Safe After Fiscal Cliff

Is mortgage insurance tax deductible after the fiscal cliff? You bet and here’s why: The just-passed legislation, which must now go to the President for his signature, contains a number of “exenders.” Shoe-horned in between deductions for parking fees and local taxes we find Sec. 204 which continues the mortgage insurance write-off until the end […]

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Mortgage Debt Relief Remains in 2013 Cliff Bill

Mortgage Debt Relief Remains in 2013 Cliff Bill

The final tax agreement approved late last night between the House and the Senate is not online, but as of early Tuesday morning the American Taxpayer Relief Act of 2012 (H.R. 8) included tax forgiveness for unpaid mortgage debt. Without the continuation the debt forgiveness policy would have ended December 31st. Until the Mortgage Forgiveness […]

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