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Benefits of a Short Sale - 05/31/10 01:37 PM
Benefits of a Short Sale
If you own a home and are falling behind in your payments, you may want to consider a short sale. A short sale is when a property is sold for less than what is owed on the mortgage and the lender accepts the lower amount as satisfaction of the mortgage.
Benefits to the seller include:
•1. A short sale may not impact their credit score as much as a foreclosure.
•2. Seller can continue to live in the home during the process
•3. Morally, sellers are not walking away from a debt but attempting to pay off … (0 comments)
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Tax Credit Ended but the Good Deals Didn't! - 05/21/10 12:04 PM
Tax Credit Ended but the Good Deals Didn't!
If you missed out on the Homebuyers Tax Credit... all is not lost! The lower interest rates that are available now may make up for it! Information released from Freddie Mac for the week ending May 20, shows the 30 year fixed-rate mortgage averaged 4.84 % with a .7 discount point. This is down from the previous week's average of 4.93%. This is the lowest that the interest rate has been in 2010. Fifteen year mortgages are at 4.24 with .7 points.
If you are looking to buy or sell home … (0 comments)
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Tulsa Real Estate: Oklahoma Highest in Home Equity! - 05/17/10 04:01 PM
Tulsa Real Estate: OK Highest in Home Equity
Oklahoma homeowners have the lowest percentage of negative equity in their homes than any other state. Survey results from CoreLogic recently released in the Tulsa World show that only 5.9% of homeowners in OK have negative equity compared to a national average of 23.7%. New York, with 7%, is number two and Nevada at 69.9% is the state with the highest negative equity. In Tulsa, like most of Oklahoma, credit is given to the steadiness of the real estate market over the past decades with no big highs or lows.
… (0 comments)
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Susie Genet
Tulsa,
OK
More about me…
Chinowth & Cohen Realtors
Address: 3912 E 91st Street, Tulsa, OK, 74137
Office Phone: (918) 392-0900
Cell Phone: (918) 809-8296
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