Tomorrow we may find out if the House votes "Yes" to H. R. 1106. H. R. 1106 will give bankruptcy judges the right to modify primary residence mortgages ("cram down"). Representatives and Senators refer to this as "cramdown" legislation. This bill WON'T COST TAX PAYERS ANYTHING! Cramdowns all
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02/25/2009
In a settlement between the National Association of Realtors and the Justice Department a new service has emerged. A VOW is a Virtual Office Website. MLS's are now required to provide the same information that a broker in a real estate office has access to. If the broker has information about
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02/24/2009
In an attempt to stop the massive foreclosures Congress will vote in a few months on whether or not to give bankruptcy judges "cram down" authority over mortgages on primary residences. Bankruptcy judges already have had the right to "cram down" or change the terms of loans and reduce principal
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02/24/2009
We're getting around to tax time so we are pulling out all of our receipts and looking for tax credits. How can you get the biggest refund? Buy a home if you don't own one. By now we've all heard about the First Time Home Buyer Tax Credit will give you a credit of up to 10% of the purchase pri
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02/24/2009
The good news is that whether you do a short sale or a foreclosure you aren't going to take the entire financial loss. You will have to pay the IRS if your assets are greater than your expenses. If your mortgage on your primary residence added together with your car payments and credit card bil
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02/24/2009
I'm responsible so why do I have to pay for irresponsible homeowners mistakes? That's what I'm hearing from the news anchors every morning and a few friends. It's a popular chant among the still employed and the 9 out of 10 homeowners who are not facing foreclosure or job loss. The bailout isn'
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02/24/2009
If you believe that homeowners should get the bailout and not the banks there is an easy way to do something about it. Are you angry about the financial mess, but not sure what to do about it? Do you want your voice to be heard, but don't have a lot of time to look up names and type letters? T
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02/24/2009
We've got the blues ... and it's nothing to be embarrassed about. It can happen to anyone. Here in the Keys the Monroe County Tax Collector, Danise Henriquez, the Mayor for the city of Key West, Morgan McPherson, the Monroe County Superintendent of Schools, Randy Acevedo and even a Key West Cit
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02/24/2009
Monroe County pricing is now sustainable. Housing prices are moderate, insurance rates are lower and tax rates are lower. It's a GREAT TIME TO BUY IN THE FLORIDA KEYS! The Florida Keys have been a haven for snowbirds, smugglers, pirates, presidents, movies stars and writers. The Southernmost C
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02/24/2009
So you, and 8 million other Americans, are in trouble with your mortgage. You can't pay it and the choice is to pay it as long as you can (until they throw you on the street) or to come up with a plan. You want to pay your debt but you can't make the whole payment and the lender refuses to acce
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02/24/2009
