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Buying REO Properties-Be Patient! - 04/06/07 03:38 PM
Deciding to help a client to buy a Bank Owned (REO) property or assisting them in dealing with a short-sale purchase will in many cases require you to have a great deal of patience with both the selling agent and your buyer(s). Banks and Title companies are currently overwhelmed with the number of foreclosures hitting the market. With properties switching hands from bank to bank due to insolvency issues, deeds are taking longer to track down and update, REO managers are feeling the pressure to get inventory numbers down and yet still meet the banks bottom line. It all leads to extended
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Rental Market Shrinking-Rents Rising - 04/03/07 04:47 PM
As home prices cool, rents are heating up •· By Alex Markels Posted 7/13/06 Just when you figured that putting off buying a house was a prudent move, the price of renting is going up. After years of slack demand and "one month free!" incentives from many landlords, apartment rental markets are tightening in many parts of the country, especially areas like Los Angeles, Miami, and Washington, D.C., where home sales have begun to slow amid increasing mortgage rates and talk of a housing bubble. Rents are expected to increase nationally by 5.3 percent this year, about twice what they did last year,
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Eric Helmers- Your Trusted Real Estate Source
Maple Grove,
MN
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Keller Williams Classic Realty N.W.
Address: Maple Grove, MN, 55311
Cell Phone: (612) 581-5375
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