All Posts Tagged With: "net"
When Did The Mortgage Meltdown Begin?
It’s official. We now have a starting date for the mortgage meltdown. It was February 27, 2007, almost two-and-a-half years ago.
It was on that date that Freddie Mac said it would no longer purchase subprime mortgages and high-risk mortgage-backed securities.
Who says? The Federal Reserve Bank of St. Louis. It has come up with a financial [...]
What’s a “net” listing and is it good for sellers?
Imagine a situation where a real estate broker said “your home is worth $300,000. But instead of taking a commission on that $300,000 value, my fee will be limited to everything above that figure.”
Sounds pretty good – unless the home is worth substantially more than $300,000, something a broker would know but an owner might [...]
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