Monthly Archives: April 2012

Foreclosures to Rent are a Hot Investment

A new report predicts the market for foreclosed homes that are turned into rentals will be worth more than $100 billion this year. Rents are on the rise as home prices fall. That has policymakers promoting the idea that selling foreclosed

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Making an ash of yourself in real estate: MLS bloopers

There is nothing more affirming than finding errors in the property descriptions on the MLS, especially when they are anywhere near as ridiculous as the real life bloopers here! How To Make An Ash of Yourself “Will sell soot” (Proudly

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Romney to eliminate mortgage interest deductions on second homes?

Mitt Romney comments spur speculation At a private fundraiser in Palm Beach, assumed Republican Presidential nominee Mitt Romney was overheard by eavesdropping reporters on the sidewalk, saying he wants to do away with the mortgage interest tax deduction for second

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Wells Fargo fined $3.1 million for mortgage abuse of a single borrower

A five year battle with Wells Fargo Judge Elizabeth Magner in the Eastern District of Louisiana has ruled that Wells Fargo must pay a single homeowner $3.1 million in punitive damages for what the judge called the bank’s “highly reprehensible”

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Completed real estate transactions up 5.2% from March 2011

Existing home sales down Existing home sales, or completed transactions, fell 2.6 percent in March, according to the National Association of Realtors (NAR), which is 5.2 percent above March 2011, and inventory levels are down 1.3 percent, which NAR calls

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