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Unlike most teenagers, 14-year old Willow Tufano is cashing in on her dreams. Instead of buying herself an Xbox or an iPad, she purchased a foreclosed property. Tufano bought a foreclosed home with her Realtor mother, Sharon Moore, for $12,000, according to San Francisco Chronicle blogger Anna Marie...
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The ‘Right’ Foreclosure Fix April 15, 2011, Wall Street Journal When last year's mini-scandal about sloppy mortgage practices erupted, two public policy approaches emerged: Banking regulators wanted to identify mortgage servicers' bad practices and fix them. The Department of Justice...
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Real estate pessimists are everywhere. You can’t escape their group-think doom-and-gloom message about housing and homeownership. I often wonder if these housing naysayers are angry renters unable to afford a home because they don’t save their money. Consider Time magazine’s cover story...
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Still Hunting For A Bottom In Housing January 7, 2010, TIME The decimated housing market may get considerably worse before it gets better, according to housing industry professionals, who expect foreclosures and home price declines to continue pressuring the sector through at least the first half of...
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Realtors Cheer Prediction of Rising Home Prices November 14, 2009, San Diego Union-Tribune The National Association of Realtors' chief economist predicted yesterday that housing prices will rise for the first time in four years in 2010 as sales return to a normal pace. “Things are much better...
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UCLA sees 16% home-price gain in 2010 October 29, 2009, Orange County Register Double-digit housing appreciation will return to Orange County next year, with the median home price rising somewhere from 15.9 percent to 16.6 percent, UCLA economists forecast in a report released today. That compares to...
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Real Estate Slump Isn't Over, Exec Says September 18, 2009, San Diego Union-Tribune Federal Reserve Chairman Ben Bernanke may think the recession is over, but the head of the nation's largest real estate services firm says the slump has two or three years to go in his industry. John C. Cushman...
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RealtyTrac launched a new comprehensive Home Resource Center designed specifically for homeowners and others who want to learn about any type of home improvement — from small do-it-yourself projects to major renovations that require assistance from professional contractors. “Because foreclosures...
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What if you are a renter who is faithfully paying your rent on time, but your landlord isn’t paying the mortgage? Sadly, since most state and local laws often don’t provide basic protections for renters during the foreclosure process, many tenants are caught in the legal crossfire and stung...
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Fed Takes Foreclosure Ads to the Movies Wall Street Journal The Federal Reserve is coming soon to a theater near you. The subject won't be the drama inside the central bank or its role in the current financial crisis. Rather, Fed officials plan to launch advertisements in movie theaters to warn homeowners...