I saw Scorsese' new film last night. It's three hours of obnoxiously loud, ridiculous vulgarity and makes the people working on Wall Street look like a bunch of unscrupulous money laundering dirt bags, swindlers and stoned drug dealers. True, some who worked on Wall Street met the above descripti
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01/08/2014
Mortgage Trends & Lending Analysis There were 584 residential loans filed at time of sale in November, down 2% from last year. The average mortgage amount was up 11% to $172,294 with an average sales price of $202,116 making the average loan to value ratio 85%. Collierville had the most loa
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01/06/2014
New Housing & Builder Activity New home sales were up 11% in November with 83 sales recorded compared to 75 recorded in November 2012. The average sales price of a new home was down 7% from last year to $273,994. Year-to-date new home sales are up 8% and average new home sales prices are up
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01/06/2014
Residential Foreclosure Analysis Residential foreclosures were down 18% in November with 225 recorded compared to 274 last year. The average amount of a foreclosed property was $82,829 and the average tax appraisal value was $112,519, both down from November 2012. Year-to-date foreclosure
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01/06/2014
Commercial Sales October commercial sales were up 34% with 94 sales recorded compared to 70 in October 2012. Average commercial sales prices were up 11% to $1 million compared to $938K last year. Through the first 10 months of the year overall commercial sales are up 11% and average sales
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01/06/2014
November Home Sales November home sales were down 5% from the prior year with 1,124 recorded compared to 1,183 recorded in November 2012. Average home sales prices were up 12% to $139,110 compared to $124,101 last year. Bank sales were down 19% for the month with 190 recorded compared to 23
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01/06/2014
Colorado Springs Real Estate Agents Settle Allegations That They Engaged in Real Estate Fraud U.S. Attorney’s Office January 03, 2014 District of Colorado (303) 454-0100 DENVER— Jana DeWitt and Kenneth Westfall, licensed real estate agents operating in Colorado Springs, have paid the United Stat
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01/06/2014
Three Northern California Real Estate Investors Agree to Plead Guilty to Bid Rigging at Public Foreclosure Auctions Investigation Has Yielded 43 Plea Agreements to Date U.S. Department of Justice January 02, 2014 Office of Public Affairs (202) 514-2007/TDD (202) 514-1888 WASHINGTON—Three Norther
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01/05/2014
#2520 A developer subdivided and made some improvements to a 150 acre parcel of land. The developer created several restrictions, which, by design, were placed in the deed to affect the subdivision. These restrictions affect all of the owners and are not enforceable by law. Is this fact true or f
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01/05/2014
#2519 Once the underwriter has been able to verify the amount of a borrower's stable monthly income, the underwriter will then use a process which will employ gross multipliers to determine whether or not the income is adequate enough to repay the loan that the applicant is seeking. Is this fa
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01/05/2014
