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Federal investigators are cracking down on foreclosure auction scams, where real estate speculators illegally try to fix the bidding process on properties. The cases mostly center in northern and central California, but bid-rigging schemes have also been
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Daily Real Estate News | Tuesday, June 04, 2013 --> Nearly a quarter of Americans say they’ve discovered problems with their credit reports, according to a new study of 1,000 American adults by FindLaw.com, an online legal information portal. The
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Mortgage Giants to Limit Loan Purchases to 'Qualified Mortgages' Daily Real Estate News | Tuesday, May 07, 2013 --> Mortgage giants Fannie Mae and Freddie Mac will begin next year to purchase only loans that meet new “qualified mortgage”
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Daily Real Estate News | Tuesday, May 07, 2013 --> Delinquencies on home loans dropped in March to 0.84 percent of the nation's 50.2 million mortgages -- the first month since 2007 that delinquencies were below the 1 percent mark, Lender Processing
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Daily Real Estate News | Thursday, March 14, 2013 --> Several economists have recently revised their predictions on housing values to reflect a stronger-than-expected real estate rebound, and some have even doubled their original forecasts over the rise
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Daily Real Estate News | Tuesday, March 05, 2013 --> The Federal Housing Finance Agency (FHFA) announced Monday that mortgage giants Fannie Mae and Freddie Mac will create a new joint company for securitizing home loans. The move is viewed as a step toward
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Daily Real Estate News | Tuesday, March 05, 2013 --> A very tight mortgage lending environment “promises improvements this year as the drivers of tough credit standards reverse,” according to Moody’s Analytics ResiLandscape Report. Still,
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Daily Real Estate News | Friday, February 15, 2013 --> The housing market is in recovery mode, but overall activity still remains near historic lows, according to Freddie Mac’s U.S. Economic and Housing Market Outlook for February. "Across
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Affordable, First-Ever "Net Zero" Housing Coming February 1, 2013 By Lynn Geiger An affordable housing project on a long-vacant lot near the corner of Woodmere Ave. and Eighth Street in Traverse City is ramping up for a spring groundbreaking.
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Daily Real Estate News | Tuesday, January 29, 2013 --> Home owners looking for the most return on their investment when it comes to remodeling should consider exterior replacement projects. According to the 2013 Remodeling Cost vs. Value Report , REALTORS®
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By Tom Carr It’s a roll of the dice whether or not the Federal Bureau of Indian Affairs will approve the removal of 170 acres of local tribal land from the tax rolls. But if the Grand Traverse Band of Ottawa & Chippewa Indians’ proposal
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Daily Real Estate News | Wednesday, December 12, 2012 --> Distressed home owners may be getting a second chance to avoid foreclosure. The U.S. Department of Housing and Urban Development is selling thousands of seriously delinquent mortgages insured by
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By Nick Timiraos Agence France-Presse/Getty Images One reason? Falling inventories of homes for sale. Home prices rose by 0.1% in September from the prior month and by 3.6% from one year ago, the largest such gain in six years, according to a report released
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Daily Real Estate News | Tuesday, November 27, 2012 --> The Wall Street Journal recently cited five significant factors behind the rise in home prices, as numerous markets see significant year-over-year gains. The big price drives are: 1. The rise in
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Weekly Market Statistics 10/22/2012 thru 10/28 /2012 124 New Listings 77 Sold Listings 274 Pending Sales By Classification 62 Residential $23,122 to $1,200,000 Median $114,450 Mean $176,846 12 Vacant Land $15,000 to $165,000 Median $34,750 Mean $60,300
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