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Westlake Short Sales: What is a BPO? Elyria OH – If you have been reading about short sales, then you have probably heard the term "BPO" and wondered what it meant. BPO stands for Broker's Price Opinion. A Broker's Price Opinion
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Desperate Lenders Will Accept Any Offer? Elyria OH – Have you heard the following myths about short sales? Myth #1: You can buy short sales for dirt cheap and then turn around and resell them for a profit. Myth #2: Foreclosures, Short Sales, and
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Westlake Short Sales: Why Should I Short Sale? Westlake OH – We often get asked if a short sale is even worth the effort. “Why don’t I just let the bank have the property”, sellers tell us. “I don’t ever think I’ll
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Welcome to the most current Housing Trends eNewsletter. This eNewsletter is specially designed for you, with national and local housing information that you may find useful whether you’re in the market for a home, thinking about selling your home,
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Elyria Short Sales: Getting divorced, neither can afford, what to do? Elyria OH - In this case I would recommend you sell the house. Now, if you are reading this blog, then you must be researching a short sale. Which means that you are probably upside
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From REALTOR MAG Daily Real Estate News | November 26, 2010 New Lending Guidelines Benefit Young Borrowers Under Fannie Mae's new lending guidelines, which will take effect Dec. 13, securing a mortgage will become easier for some borrowers and more
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BIG Change for FHA Buyers The following is the change that will take place on and after Sept. 7 th 1.) Upfront MI to be decreased from 2.25% to 1.25% 2.) Annual MI to increase as follows; (Keep in mind the present annual MI premium is .55% for LTV’s
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30-year fixed-rate mortgages hit a new record low The weekly mortgage rate reports released Thursday indicate 30-year fixed-rate mortgages hit a new record low . Examples of monthly payments : Assuming 20% down and 30 Year mortgage at 4.375% interest
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FHA Seller Concessions to Buyers Sometime this summer, the Federal Housing Administration plans to slash maximum "seller concessions" from 6 percent of the home price to 3 percent. Real Estate agents and lenders along with homebuyers and sellers
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Have Interest Rates Bottomed and Now Going Up! According to the weekly Rate Trend Index from Bankrate, rates have bottomed. 62% of the expert panelists expect mortgage rates to remain unchanged over the next seven days. While 38 % believe rates will increase
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FHA Changes for Homebuyers FHA Changes . .Effective date April 5, 2010 – . . . Waiting a few extra days or weeks to purchase a home this spring could cost buyers thousands of extra dollars as the Office of Housing and Urban Development (HUD) implements
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