Short Sales: Mr. Seller, Are You Committed? Part One Did you know that approximately 1/3 of short sales listed are not closeable? Many sellers believe they can list their home, then negotiate with the lender once they get an offer from a buyer. My niece called and told me that a close friend of h
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11/30/2009
Short Sale v. Foreclosure: How They Can Affect Your Credit There's no difference, right? Wrong! Although both a short sale or foreclosure will have adverse affects on your credit, the short sale option is the lesser of the two evils. In June 2008, as a response to the mortgage loan default c
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11/30/2009
Sounds like they could be long lost relatives from the Deep South, however, the phrase "show me the money" is a more accurate descriptor. Fannie Mae is the way we pronounce the acronym for the Federal National Mortgage Association: FNMA Here's the skinny straight from Wikipedia.com: "Federal Na
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11/25/2009
Getting a Good Deal in Real Estate In 24 years of selling real estate I have worked with a lot of different people with different motivations for buying a home. The most interesting buyers have always been the ones who were focused on "the good deal". Of course, everyone wants to get a good val
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11/24/2009
I am one happy pilgrim! November finds the real estate market in Central Kentucky alive and doing well! October Residential sales were up 22% over the same period last year as well as townhome sales up 27%. The average sales prices also up $10,000 from $128,930 in Oct. 2008 to $139,263 for Oct
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11/23/2009