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Archive for January 2010

How To Make An Offer On A House and Competition

Image by Oberazzi via Flickr Question For Ben Janke: “Ben, We made an offer on a house this past weekend during an open house. We wrote the offer up with our real estate agent and put in our earnest money. We haven’t heard back yet on the

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China Real Estate Market Moving Bubble

We all know that China’s economy is moving quick. Take a look at China’s real estate market and see if this looks familiar. There has to be a top and bottom to every real estate market. The US market busted, Dubai busted, and now China will probably

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Millionaires Default On Their Mortgages More

Even millionaires these days are having a hard time getting their hands on money. Even if those millionaires want to refinance their home to put their money elsewhere they are having a hard time finding a lender that will loan out that money even if they have

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Sellers Homes Sell In Buyers Market: 5 Tips

Well, homes are definitely not selling like they were in 2004, and that is no secret. After real estate appreciated in huge amounts during 2000 – 2005, home prices and the number of homes sold has dramatically dropped in the past months and years starting in about

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Banks Break RESPA Laws During Short Sale Process

Citi Mortgage, Chase, and Bank of America have been found recently to be violating RESPA laws by demanding payment of a portion of their loan payoffs be made outside of closing statements. When you close a home, every part and payment being made or distributed to any

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FHA Suspends 90 Day Rule For Flippers

FHA has a long-standing rule that after you purchase the property using an FHA loan, you must wait 90 days to resell or “flip” a property. This is been a long-standing rules since being implemented in 2003 and was designed to protect the FHA’s mortgage insurance program

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First Time Home Buyer Tax Credit and Filing Your Taxes

I’m getting tons of questions about the first-time home buyer tax credit and its rules regulations. Rather than answer the questions over and over again, I thought I would get a quick post with some of the rules that you need to pay attention to before you

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Claming Your HomeBuyer Tax Credit

Home buyers that purchased a house after November 6th, 2009 can now claim their $8,000 first time home buyer tax refund.  The IRS had a bit of a glitch on getting out the proper form 5405 that allows for the refund.  The bad news is that you

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$299,900 :: 7 Pumphouse Road, Garden Valley ID, 83622

$299,900 :: 7 Pumphouse Road, Garden Valley ID, 83622 See All 10 Photos at garden valley idaho real estate 3 beds, 2 bathsSize: 3,000 sq ftLot Size: 27,442 sq ftAdded: 01/05/10, Last Updated: 01/05/10Property Type: ResidentialMLS Number: 98423818Community: Garden ValleyTract: Pine Tree Ranch PC3350 Custom log cabin!

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NAR Pending Home Numbers Down 16%

It was actually expected that the pending home numbers would be down in November of 2009, but the actual numbers exceeded the predictions. It was predicted that pending home numbers would be down 14%, but actually declined 16%. This is according to the NAR pending home sales

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