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I t might have better to have titled this article “Condos for Cash,” since it seems that all-cash might be the only guaranteed way to purchase a condo today. Simply put, if you are interested in buying a condominium in today’s market,
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New Appraisal Rules Not Without Flaws
T here’s a new sheriff in appraisal town and the name is HVCC. Not to be confused with HVAC (that’s your heating, ventilation and air conditioning system), HVCC stands for Home Valuation Code of Conduct. The HVCC, which was implemented May
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THE SPRING 2009 MORTGAGE OVERVIEW
W ill the lower mortgage rates we have seen so far in 2009 help to lift the housing market this spring? There have been several positive market developments recently, lower rates among them, but whether these positives finally have enough power to jump
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The Spring Housing Market Outlook
T he spring housing market is usually greeted with eagerness and enthusiasm by home sellers and buyers, Realtors and mortgage professionals. This year, though, it is being met with, well…hope. While there are still plenty of negatives, a sour economy
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Outlook for Spring
T he spring housing market is usually greeted with eagerness and enthusiasm by home sellers and buyers, Realtors and mortgage professionals. This year, though, it is being met with, well…hope. While there are still plenty of negatives, a sour economy
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The Housing Watch List for 2009
T here are a few trends /issues to which we think you should pay particular attention this year. Builders require extra due diligence. In November, homebuilders started the fewest number of new homes since 1959. That’s tough for builders, but good
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Loan Modification Dilemma
H omeowners who have fallen behind on their mortgage payments or who are poised to do so in 2009 will find that mortgage lenders are more willing to try to keep them in their homes and avoid foreclosure than in previous years. Lenders have learned a lot,
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2009 Housing Market Preview
W i ll 2009 be the year that we finally see an end to the slide in home prices and the start of a rebound? Some market watchers think so. Of course, recent spells of optimism about the housing market have proven premature and that could be the case again.
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HOW EARLY PURCHASE MAXIMIZES TAX BENEFITS
If you have decided that 2009 will be the year you become a homeowner, then consider doing it as early in the year as possible, because delay has one certain cost. For every day that passes after January 1, you will find it more difficult to take full
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EXPIRING TAX PROVISIONS ARE EXTENDED IN RESCUE BILL
S everal important tax provisions were extended in the financial rescue bill, to some extent to help line up crucial votes for the package. These have been continued on an annual basis for several years now in Congress’ version of the two-minute
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2008 YEAR-END TAX PLANNING GUIDE
T ypically, Congress has dragged its feet on passing extensions of crucial tax provisions expiring at the end of the year. Most vital these days is one needed to keep tens of millions of Americans from taking a hit from the alternative minimum tax. This
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How to Make a Project Go Smoothly
E very remodeling project is going to have some challenges along the way. Here are some suggestions to help you minimize them. Figure out what you really want. You and your spouse/partner should discuss and determine your objectives before going on to
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How to Select the Right Contractor
The selection of a contractor is the most important step in assuring that your remodeling project doesn’t turn into a nightmare. Recommendations of your architect or friends and family can be a good place to start your contractor search. Several
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Cost-to-Value is Not the Whole Story
T here are plenty of articles on home improvement that focus on showing which projects can be expected to yield the best return when the time comes for a sale. Remodeling magazine, in conjunction with the National Association of Realtors, conducts an
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Financing a Renovation Project
S imply put – the housing market has changed. Buying a home today requires a larger investment, better credit history, solid reserves and verifiable value. Lenders want to avoid risk. The area where you can see this most clearly is with existing
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