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Home foreclosures were up 18% in August vs. August 2008 as reported by RealtyTrac of Irvine, California. One in every 357 U.S. households with loans got a foreclosure filing in August. RealtyTrac is revising up its estimate for filings this ye далее »
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To pay for the huge budget deficits currently being racked up by the Obama administration, taxes will be forced up and new revenue sources sought out. Right now, Obama?s current budget will reduce the home mortgage interest deductions. Of course, th далее »
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The worst part of the housing decline is yet to come. Seasonality. I think that one word pretty much sums up what most optimists have mistaken for a resurgent housing market. There is the next tsunami of foreclosures just starting and have yet to pe далее »
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This year in an effort to stimulate housing and the economy at large, the Fed began purchasing the oversupply of debt. Without this ?help? from the Fed, rates would have been forced higher to attract more investors. Instead the Fed has been quietl далее »
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If you can no longer afford to make your monthly loan payments, you may qualify for a loan modification to make your monthly mortgage payment more affordable. Millions of borrowers who are current, but having difficulty making their payments and bor далее »
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Fiserv, a financial information and analysis firm, which forecast the home price crash, but underestimated the scope, is now predicting a further drop in national median home prices of 11.3% by June 30, 2010. To read the full post, please visit: ht далее »
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The Commerce Department reported today sales fell 3.6 percent (the report reflects contracts to buy homes, not completed sales) to a seasonally adjusted annual rate of 402,000. To read the full post, please visit: http://www.brokerforyou.com/broker далее »
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