The S&P/Case-Shiller Home Price Indexes were released on Tuesday. Prices in the Metro-Washington DC area fell 15.7% in June 2008 versus the same period last year while only falling 0.9% from May 2008. In Anne Arundel County the home price index (caluclated using a similar methodology to the Cas
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08/29/2008
After the short sales comes Form 1099C - Cancellation of Debt. A lender who cancels a debt will file a 1099C with the IRS. This form reports the amount of debt that was cancel. And, according to IRS instructions accompanying the form, the debtor must include all canceled amounts on the "Other
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08/23/2008
For the fourth month in a row, inventory levels were above the 4,500 level. In July the number of active units in Anne Arundel County trended down 0.6% but was up 9.1% from last year. The average sold price dropped below $400,000 and was down 8.5% from last year. The pending transaction to active
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08/19/2008
On July 30th the President signed into effect the "Housing and Economic Recovery Act of 2008" without much fanfare from the Whitehouse or the Press. I don't even remember hearing anything about it on CNN or any other network news shows. So, what's the big deal? Well, maybe there is no big deal fo
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08/04/2008