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The Federal Housing Finance Agency announced a new policy to speed up the process that mortgage servicers use to handle short sales, deeds-in-lieu, and deeds-for-lease for mortgages that are backed by Fannie Mae and Freddie Mac. The FHFA, the regulator
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Daily Real Estate News | Friday, January 20, 2012 --> The 30-year fixed-rate mortgage hit another all-time low this week, marking the seventh straight week it has averaged below 4 percent, Freddie Mac reports in its weekly mortgage market survey. Here’s
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With each listing agreement signed with Seahorse Realty the seller will be given the oportunity to give the buyer a one year Mortgage Protection Plan. If buyer looses his or her job the plan will make 6 months of mortage payments while they collect unemployment
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One possible outcome of the foreclosure crisis could be a fight between former owners of foreclosed homes and lenders. An example of what might become a larger trend happened in California, where a couple and their nine children used a crowbar to break
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The U.S. House on Tuesday agreed to give home buyers until Sept. 30 to close on eligible properties and still qualify for the home buyer tax credits. The current deadline requires buyers to close by June 30 in order to qualify. The Senate must still approve
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The housing crisis will spark a wave of lawsuits filed by lenders seeking to recoup loses on home sales and foreclosure auctions that do not return enough money to pay the mortgages in full, according to real estate and legal experts. Experts predict
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Daily Real Estate News | May 21, 2010 | addthis_pub = 'rmostaff'; addthis_logo = 'http://www.addthis.com/images/yourlogo.png'; addthis_logo_background = 'EFEFFF'; addthis_logo_color = '666699'; addthis_brand = ''; addthis_options = 'delicious, digg, favorites,
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COMMERICAL PROPERTY • 3,978 sq. ft., 3 bath single story - MLS® $570,000 - 10% CAP RATE Swifts Beach, Wareham - COMMERCIAL BUILDING AT SWIFTS BEACH: Fully equipped Pizza Restaurant, Convenience Store and Laundromat. Tenants have long term leases.
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The homebuyer tax credit is not as simple or straightforward as you might think. Here are some nuances that will affect homebuyers who plan to use it. To qualify for the move-up tax credit, a home owner must have occupied the same principal residence
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Selling a home in the dead of winter might seem ill-advised, particularly considering the state of the economy, but some experts think that making the decision to wait until spring to list the property could be a mistake. Government incentives will likely
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On December 16, 2009, the Federal Housing Administration (FHA) released Mortgagee Letter (ML) 2009-52, providing guidance to lenders and underwriters on short sales and short pay offs. The guidance is effective immediately and impacts FHA Handbook 4155.1,
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Banks are backing away from short sales, forcing sellers to pay extra at closing or demanding a promissory note for the amount due. One-third of borrowers owe more on their mortgages than their properties are worth, according First American CoreLogic.
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FHA-approved lenders received the go-ahead to develop bridge-loan products that enable first-time buyers to use the benefits of the federal tax credit upfront, according to eagerly awaited guidance from the U.S. Department of Housing and Urban Development
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Here at Seahorse Realty you can get the help you need! We will list your home for sale as a Short Sale at no cost to you.. When we get a buyer for your home we will negotiate with your lender to accept the offered price and forgive the balance. We even
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Mattapoisett, Ma- Richard Strang with Seahorse Realty has earned the Seller representative Specialist (SRS) professional real estate designation conferred by the SRS Council. The SRS Council is educating REALTORS in the art and specialty of representing
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