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In The News

Should I wait until Spring to list?

Numbers don’t lie, but they can be interpreted incorrectly. Many sellers believe that waiting until Spring is the best way to sell their home fast, however it may be too late. Recent studies show that many home buyers look for several months before purchasing a home. With more powerful home search systems on the internet, [...]

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American Dream Still Includes Home Ownership

By Jolene Barrington, Buyer’s Broker It is no wonder why today’s home buyers are more reluctant than ever to purchase a home. With the “collapse” of the real estate bubble and the current “state of the economy” there is plenty to be concerned by. However, a recent survey published by the real estate giant, Trulia, [...]

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3.8% Tax on Property Sales to fund Healthcare Bill?

I can’t tell you how many times I’ve had people tell me this over the past few months, scared sellers telling me that there is going to be a 3.8% tax on the sale of their house in 2012 to pay for the health care bill. I thought to myself the first time, “Now that [...]

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Mission to MARS

On December 29th, 2010 the Federal Trade Commission put into effect new rules pertaining to short sales which will impact many short sales in the Spokane/Coeur d’Alene areas. In a nutshell, the new MARS program (Mortgage Assistance Relief Services) puts strict limitations on the promises a short sale negotiator can make, and the fees they [...]

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Banks Halt Foreclosures, REO Transactions, Spokane Affected

10/8/10: UPDATE: BANK OF AMERICA HALTS FORECLOSURES IN 50 STATES.  See on Reuters. Many of you have seen the news lately, “Three Banks Halting Foreclosures” detailing the chaos that has fallen onto the Foreclosure and REO markets this week. Allegedly, Chase, GMAC Mortgage, and Bank of America have stopped foreclosures in 23 states. Many states [...]

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Navigating the treacherous waters of a Short Sale

 Just read a great article in Inman news.  The buyer was absolutely frustrated with the way her short sale was going, losing her bid to a LOWER offer after waiting all that time, which raises common questions I get when working with short sales. People entering the market (those who haven’t kept up with the [...]

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Deadline to Close Extended on First Time Home Buyer Tax Credit…

As many of you may know, the deadline to close in compliance with the First Time Home Buyer Tax Credit was extended through 9/30/2010 on July 2nd 2010 when President Obama signed the bill.  There has been a lot of confusion floating around and I wanted to set a few things straight. The primary being:  [...]

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Own to Rent: Breaking Down Fannie Mae’s Deed for Lease Program

 Here is some great information and a great breakdown of the D4L program by my Guest Writer: Chris Thorman. Guest Writer: Chris Thorman Chris@SoftwareAdvice.com (512) 364-0118 The Federal National Mortgage Association, more commonly known as Fannie Mae, recently announced a new program designed to keep mortgage-challenged borrowers in their homes. The Deed for Lease (D4L) program [...]

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Home Prices Down Nationally

Yahoo News and the AP report that home prices fell in eight out of ten cities across the nation in the third quarter of 2009. The national median price is right around $177,900 the article reports, which is a mere 11% below the same quarter last year. But it’s not all doom and gloom around [...]

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What do you think about the new "Leases for Deeds?"

In an effort to help more homeowners stay in their homes and stabilize communities across America, Fannie Mae is getting into the Landlord business. Qualified homeowners (with mortgages backed by Fannie Mae Loans), can sign away all the interest in their home and enter into a 1-year-lease with fixed payments.  The homeowner can stay in [...]

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