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Effective
February 1, 2010 the Department of Housing and Urban Development (HUD)
will relax FHA rules that prohibit insuring mortgages on homes that are
owned by the seller for less than 90 days – a move that could help
expedite the rehabilitation and resale of foreclosure properties.
Do
you want to get into the real estate business? ...
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By: Oliver Marks
Published: September 1, 2009
Doing home-improvement jobs yourself can be a smart way to save
money, but choose the right DIY projects or you’ll end up paying dearly.
Look for maintenance jobs that are relatively easy and need to be
done regularly, so you can hone your skills over time. Image:
Comstock/Getty ...
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Welcome to the most current Housing Trends eNewsletter. This eNewsletter is specially designed for you, with national and local housing information that you may find useful whether you're in the market for a home, thinking about selling your home, or just interested in homeowner issues in general.
Please click on this link to view the ...
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By: Oliver Marks
Published: September 30, 2009
Review
your remodeling contract carefully and adjust it to make sure it
protects you in terms of payments, work schedules, and project
specifications.
Even if you never intend to pick up a hammer for your remodeling
project, there’s one tool ...
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There’s
an old adage that what you don’t know won’t hurt you, but when it comes
to buying real estate, that’s not the case. After all, wouldn’t you
want to know if the dream house you’re buying had flooding problems in
the past or has a defective roof?
That’s
why full disclosure – a ...
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If you're already a homeowner, chances are you're familiar with the components of your monthly payment to your lender. If you have yet to make the leap into homeownership, you may not understand what this monthly payment includes.
Breaking down PITI
There are generally four components that go into the computation of your monthly payment: ...
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Real estate transactions can be stressful and are full of nuances, subtleties and loads of paperwork. Aside from that, every transaction is different because every single one involves the ultimate variable - people.
Well, here's a shock: real estate agents are people, too. I'm not trying to be funny - all I mean is that every agent is ...
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I find that some potential homebuyers are hesitant to make a home purchase right now. Is this with good cause?
The national scene
Real estate continues to dominate the news these days. We know that gloom and doom grabs attention, and to be honest, there are people in trouble, particularly in California, Florida, the Las Vegas area, and parts of ...
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Believe it or not, winter is just around the corner. Although Texas winters may not rival those in other parts of the country, fireplaces are a popular feature with Texas homeowners. Winter is the perfect time to cozy up next to your fireplace with your loved ones and a cup of hot cocoa. Romantic as this sounds, buying, selling or owning a home ...
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Any person obtaining or renewing a broker or salesperson license in Texas is required to provide his or her fingerprints for an FBI criminal background check. An essential part of the future of Texas real estate safety, this law, which took effect last January, is working to protect Texas citizens.
Putting safety first
This law is designed to ...
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