Here’s an excerpt from a recent article on short sales in The New York Times: WITH property values down by as much as 30 percent in New York City, some homeowners who bought at the height of the market are finding themselves underwater and are being forced to sell their homes in short sales. D
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08/01/2010
Hi folks. Today I want to talk a little bit about communication. In my opinion, lack of good communication skills and/or systems is the number 1 reason why Sellers and Buyers complain about their agents. In fact, just about every time I go meet with a Seller who has just had their listing expire
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07/31/2010
Speaking to a real estate forum sponsored by the U.S. Chamber of Commerce, Mark Zandi — the Analytics Chief Economist for Moody’s — made the argument that limiting mortgage interest and property tax deductions for homeowners was a good way to cut the deficit. He went on to argue that the real est
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07/31/2010
After reading quite a few discouraged agent posts over the past few weeks, I spewed out the following post just for you… and to anyone else who may need a hug. At one point last year I had a young lady working with me part time. She was a neighbor and wanted to find out what it was like to wor
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07/31/2010
Miami Realtor Sergio Rebollo Jr. presents Short Sale Opportunity in Kings Creek. Click For Listing Website Click For Interactive e-Tour Don't miss this short sale opportunity located in the heart of the Kings Creek community. Just north of Kendall Drive, this complex is located just blocks from D
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07/31/2010
Foreclosure reduces the value of a home by 27 percent on average, according to a new study from Harvard University and the Massachusetts Institute of Technology.Other kinds of forced sales have less dramatic impacts, the study found.An estate sale after an owner’s death reduces the price of the
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07/27/2010
An improperly installed drain hose is by far the most common defect that I find with dishwasher installations, but it's also one of the easiest things to get right. In the photo below, which was featured as a Structure Tech Photo of the Day, there are several plumbing defects, two of which are
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07/19/2010
Foreclosure avoidance options vary from state to state. One of the more interesting solutions we’ve seen came from a homeowner in Brooklyn, N.Y., who turned her home into a bed and breakfast in order to cover the mortgage payments. While that may work for now, New York lawmakers did pass a bil
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07/19/2010
Miami ForeclosuresCan't find a forelosure in Miami that is in move in condition?A lot of the foreclosures that you find in Miami need some fixing up. These homes that need repairs do not meet the requirements of a conventional loan, hence the “cash offer only” designation.The FHA comes to the Res
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07/18/2010
1. Minimize The Damage To Your Credit A Short Sale will affect your credit but not as detrimental as a Foreclosure will. A Foreclosure comes with a Final Judgment which remains on your credit report for 7 years. A Short Sale usually is reported as a “settled” account on your credit report. By mai
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07/18/2010