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Tips and Articles to Keep You Informed

Special Financing Available On Fannie Mae Homes (9/03/2010)
Fannie Mae gives special designation to properties that have been foreclosed on and offers special financing opportunities to potential home buyers.

HUD Gives Home Buyers A Badly Needed Break (8/31/2010)
To give disadvantaged homebuyers a badly needed break, the Department of Housing and Urban Development (HUD), Freddie Mac, Fannie Mae and a few lenders have implemented new policies that offer them purchase advantages.

What Is Appraisal Cutting? (8/27/2010)
Appraisal Cutting � A Simple Definition: When you buy a new home or refinance an existing home, you typically will be required to obtain an appraisal for the property. Getting an appraisal done involves hiring a licensed appraiser who produces an opinion of value in the form of an official� appraisal. This number is known [...]

Another Real Estate Rip-off � Original Builder Fee For 99 Years (8/24/2010)
Another Real Estate Rip-off - Original Builder Fee For 99 years through a plan is to monetize future income -- essentially allowing developers to get paid now rather than later.

Contracted Home Sales Edge Down While Prices Remain Stable (8/20/2010)
The Multiple Listing Service of Long Island, Inc. (MLSLI) reported a Long Island closed median home price of $380,000 for July 2010. This figure is slightly higher than $373,000 reported by MLSLI in July 2009 and represents closed sales in Nassau, Suffolk, and Queens County. Nassau County reported a July 2010 closed median home price [...]

Government Set To Solve The Housing Crisis (8/17/2010)
After many failed attempts, the government says it�s finally getting serious about solving a root cause of this Great Recession, the housing crisis.

All Time Low Mortgage Finally Igniting Homeowner Refinancing (8/13/2010)
Good news for housing industry, all time low mortgage rates are finally producing an increase in homeowners financing.

Good News For The Housing Industry- �Fewer Underwater� Mortgages & FHA Rescues Homeowners (8/10/2010)
Good news for the housing industry in the form of falling underwater mortgages and the Federal Government announcing its underwater mortgage rescue program for 3-4 million homeowners. Program starts Sept 7.

Main Street Might Be Rescued By Housing Bailout (8/06/2010)
The Obama''s administration to bailout homeowners who are underwater by having Fannie Mae and Freddie Mac forgive a portion of their mortgage debt.

Mortgage Scam On The Rise In New York State (8/04/2010)
Mortgage-fraud scams on the rise and prospective home owners need to protect themselves from such scam artist.

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