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Financing and Mortgage

Discover a Golden Investment in Campinas, Brazil

by Danny GibsonSeptember 3, 2010

As more property investors, homebuyers and retirees are looking abroad for real estate opportunities, Brazil has emerged as an exciting destination with a booming economy and thriving housing market. With the new ADIT agency promoting real estate and tourism development, as well as property investment to foreign investors, Brazil's market is truly opening up to the average international homebuyer.

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Distressed Properties for Sale Expected to Be High for June Stats

by Anthony ParkerJuly 22, 2010

Most housing market analysts in the U.S. are expecting industry statistics for the month of June to show what everyone believes is the prevailing mood in the market – the absence of buying activities. According to analysts, the statistics that will be released by the Commerce Department will show how little demand there is for any type of real estate, including distressed properties for sale and new residences.

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Financial Institutions Addressing Foreclosures in New York

by Danny GibsonMay 31, 2010

Financial institutions are addressing home foreclosures in the New York area. In April, the New York-New Jersey metro area posted the highest percentage of loan modification activity in the country, based on the Home Affordable Modification Program report released by the Treasury Department.

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Financial Help for Families After a Foreclosed House Sale

by Robert ShultzNovember 3, 2009

The city of Nashville in Tennessee has received about $3.1 million stimulus funds in part to help individuals and families who need a place to live in after a foreclosed house sale. The program will provide short-term assistance to these new homeless to help them immediately recover from the misfortunes and get back on their [...]

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Foreclosed Homes Spreading to Ohio Suburbs

by Danny GibsonAugust 19, 2009

As the recession spreads across the United States, it brings on its wake thousands of distressed homeowners and foreclosed homes. Urban areas in Ohio were the first to suffer the blight that is foreclosure properties. Now, the epidemic has spread to suburban areas as recession and unemployment remain unabated.

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Federal Government to Buy Foreclosure Houses for Rent

by Mark GoodmanAugust 18, 2009

A major housing policy change has been initiated by the Obama Administration. The change starts by abandoning the ownership society envisioned by former President George W. Bush. Instead, the federal government will use about $4.25 billion funds under the economic stimulus program to create federally subsidized rental houses in various cities.
The concept involves building low-rise [...]

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Foreclosed Housing Inventories to Peak Next Year

by Mark GoodmanJuly 3, 2009

Foreclosed housing inventories will reach their highest levels in the third and fourth quarter next year, according to Michelle Meyer, a top economist at New York-based Barclays Capital.

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Foreclosure Report: Mortgage Applications Soar in February

by Danny GibsonFebruary 19, 2009

The number of homebuyers applying for mortgage loans rose in February as fixed rates fell below 5 percent, according to the Mortgage Bankers Association. Among these mortgage applicants could be current mortgage borrowers who want to refinance their loans to avoid foreclosure. The MBA reported its mortgage application index increased by more than 45 percent to 875.3 during the week ended February 13.

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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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Foreclosure Buying: The Importance of Mortgage Pre-Approval

by Robert ShultzAugust 13, 2008

With market conditions clearly favoring buyers over sellers, it is not surprising that you would like to take a share of the pie and purchase a foreclosure property for its good return potential. However, it is important for you to get pre-approved for a mortgage loan first before you start shopping for one of these distressed properties

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