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From the monthly archives:

September 2008

The Growing Popularity of Lease-to-Buy Option

by Robert ShultzSeptember 29, 2008

When the foreclosure crisis was traced to the aggressive lending practices in the subprime mortgage industry, underwriting guidelines were immediately tightened. As a result, more and more buyers are experiencing difficulties in getting approved for a mortgage. To get around this, buyers and sellers are entering into a lease-to-buy agreement, which leaves both parties satisfied.

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Short Sale Basics

by Robert ShultzSeptember 26, 2008

It is a known fact that owning a home is an American Dream. Sadly, there are already millions of families whose dream was taken away by foreclosure. It is perhaps the singularly most embarrassing and traumatic experience that a person or family can go through. For this reason, you should protect yourself and your family from foreclosure by opting for a “short sale”.

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Declining Home Prices Hitting Seniors Harder

by Anthony ParkerSeptember 24, 2008

Many of you might be hoping that your homes will be your source of security during your retirement years. But based on a study conducted by the Center of Retirement Research, one third of the older households are likely to enjoy security because of the current problems in the housing industry.

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Mortgage Rates for Qualified Borrowers Only

by Danny GibsonSeptember 22, 2008

With the government taking over Fannie Mae and Freddie Mac, the rate for 30-year fixed mortgages dropped to 5.79 percent from 6.26 percent. Such low rate may spurn borrowers to buy real estate properties. Unfortunately, they will need to make a 20 percent down payment aside from a 740 or more credit score.

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Distressed Michigan Homeowners: Will they be allowed to vote?

by Mark GoodmanSeptember 19, 2008

The Democratic Party and Barack Obama’s campaign have decided to file a lawsuit against Michigan Republicans for planning to prevent troubled borrowers from exercising their right to vote. The said lawsuit will protect homeowners facing foreclosure from not being allowed to vote just because their addresses appeared in the foreclosed properties list.

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Stock Market Receives Shocks, Lehman Brothers Collapses, Merrill Lynch Sold

by Robert ShultzSeptember 17, 2008

The turmoil that the financial market in the United States is going through hit a new low on Monday. This has been the most terrible day Wall Street has faced in the last 7 years. With the collapse of one of America’s most respected banks, investors are now left to wonder which giant will fall next.

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Non-profit Group Lends a Helping Hand to Curb Foreclosures

by Robert ShultzSeptember 15, 2008

The growing number of foreclosure homes in the nation has lead many non-profit groups such as the National Community Reinvestment Coalition to take the initiative in providing the millions of distressed homeowners with foreclosure help.

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Distressed California Homeowners: Help is on the way!

by Anthony ParkerSeptember 12, 2008

When the subprime mortgage mess erupted, one of the states hardest hit was California. To date, the state remains to be have one of the highest foreclosure rates in the nation. if you check the local real estate market, you will find hundreds of thousands of California foreclosures for sale.

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Home Ownership After Foreclosure

by Robert ShultzSeptember 11, 2008

Losing your home to foreclosure is indeed unfortunate. Still, it does not mean that you will be renting out a property for the rest of your life. Although it will take longer than before, you can still get a mortgage with an acceptable interest rate as long as you are patient.

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Tenants Also Worried About Foreclosures

by Robert ShultzSeptember 8, 2008

It would seem that not only distressed homeowners are the ones affected by the enduring foreclosure crisis. Even tenants are becoming anxious about what would happen to them if their landlords face foreclosure.

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