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Mortgage
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Written by www.irs.gov, Nov. 24, 2009
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WASHINGTON — A new law that went into effect Nov. 6 extends the first-time homebuyer credit five months and expands the eligibility requirements for purchasers.
The Worker, Homeownership, and Business Assistance Act of 2009 extends the deadline for qualifying home purchases from Nov. 30, 2009, to April 30, 2010. Additionally, if a buyer enters into a binding contract by April 30, 2010, the buyer has until June 30, 2010, to settle on the purchase. |
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Marketing Your Home
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Written by Eric Mangan, ForSaleByOwner.com
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With distressed sales accounting for half of all home sales, many home sellers are finding that traditional sales are competing with discounted prices offered by foreclosed properties and short sales in their local area. |
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The Home Search
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Written by ProTitleUSA
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Title Search is a Confidence Check on a property at question to determine from the public land records what rights there are to the property which you are about to purchase and who owns those rights. |
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The Home Search
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Written by Eric Mangan, ForSaleByOwner.com
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With approximately 20 percent of the real estate marketplace comprised of “for sale by owner” listings, many homebuyers are left scratching their heads wondering, “Do I need an agent to go ahead and buy that “for sale by owner” home?” Not only are agents not needed to buy a home, involving one during a FSBO transaction could actually hinder the buying process, as the agent would want the seller and/or the buyer to commit to paying an expensive commission fee.
To buy a “for sale by owner” home, follow these 10 simple steps: |
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Mortgage
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Written by Eric Mangan, ForSaleByOwner.com
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In an attempt to help stimulate the housing market, the Federal government recently enacted a new Home Buyer Tax Credit for first-time home buyers who purchase a principal residence. The tax credit is equal to 10% of a home’s purchase amount or $8,000, whichever is less. |
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Facing Foreclosure
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Written by Maura Reynolds, LA Times
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(March 4, 2009) Reporting from Washington — The Obama administration today released details of its $75-billion plan to stabilize the housing market by helping as many as 9 million homeowners refinance or modify their mortgages. |
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Qualifying Buyers
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Written by Eric Mangan
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One of the biggest headaches any home seller can experience is working with an interested buyer and negotiating a sales price, only to find days or weeks later that the buyer is unable to obtain a mortgage. That's precious time wasted and perhaps you even turned down offers from other interested parties. |
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