An investigation has been started by the U.S. House committee to determine whether lenders used the property boom to encourage people to buy by using deceptive tactics. The central part of the investigation will focus around Countrywide Financial Corp. Countrywide was bought by Bank of America i
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11/08/2009
It is a great time to be a first-time home buyer in this market. Existing single-family home prices are down and interest rates are near historic lows. And you can’t forget about the first-time buyer $8,000 tax credit. Following are a few first-time home buyer tips you may want to consider: 1. T
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11/08/2009
Highly regarded housing consultant. John Burns Real Estate Consulting, recently released a survey of home builders regarding the type of financing their buyers’ used. The survey states that almost 60 percent of new home buyers relied on low down-payment mortgages from the government. 20 perc
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11/08/2009
There has been a tentative agreement in the senate to extend the current $8,000 tax credit for first-time home buyers. In addition, there will be a new $6,500 credit offered to existing homeowners who have lived in their current residence for a consecutive five-year period in the past eight yea
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11/01/2009
Location, location, location, is a big factor in determining the price of a home. But, what does that mean when the home is next door to President Barack Obama in Chicago? A 17-room mansion located in Chicago at 5040 S. Greenwood that is next to Obama's house at 5046 South Greenwood Avenue is
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11/01/2009
You now have until the end of November to utilize the tax credit available to "first-time" homebuyers who purchase a home this month. Baltimore Sun reporter Jamie Smith Hopkins has estimated there are 19,000 people who have claimed the credit and have not bought a home. It’s amazing that there a
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11/01/2009