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When HOAs Foreclose, Mortgage Banks Are Left Empty-Handed

An eye-opening trend, really. Homeowner associations, similar to lenders, can foreclose on homes to recoup delinquent payments. Nevada, as well as 20 other states, has laws giving HOA liens priority over first mortgages. HOA Foreclosures Leave Banks Empty-Handed.

Federal Regulators Announce Dramatic Easing of Mortgage Standards

The move is expected to help open up the credit box to first-time buyers, self-employed borrowers, borrowers who have had recent job switches, and borrowers who faced financial hardship during the recession. FHFA's Dramatic Easing of Mortgage Standards

Congratulations on Your New Home, Peter & Naomi!

Jerry Kline (l), realtor with Keller Williams Flagship of Maryland, with buyer clients Peter & Naomi Crellin. Jerry recently helped the Crellins purchase a 104-year-old Victorian restoration project in Bowie, Md. Peter & Naomi Crellin were searching for a historic property they could put a lot of love and hard work into, to bring back to life. Just a block or two from the old Bowie train station, we found the perfect, 104-year-old Victorian they were hoping for. The Crellins recently settled on the home and have already started restoring it. Thank you, Peter & Naomi, for allowing me to help you with this fun and rewarding project!generic cialis vs brand cialis reviews

How to Assess the Real Cost of a Fixer-Upper House

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Copyright 2014 NATIONAL ASSOCIATION OF REALTORS®

Majority of Buyers Unaware of True Costs of Home Ownership

The majority of home buyers say they find the financing process overwhelming, which was most evident for those under the age of 30, where 76 percent reported feeling overwhelmed by the amount of information available on home financing. Majority of Buyers Unaware of True Costs of Home Ownership

More Underwater Home Owners Are Refusing to Do Short Sales

Short sales have fallen sharply over the last few months after the expiration of a key tax break at the end of last year. Also, rising home prices have made lenders less likely to grant a short sale, The Wall Street Journal reports. Underwater Owners Refusing Short Sales

Ranch-Style Homes Are Once Again Popular: What Are Their Plusses and Minuses?

The ultimate irony for home buyers is that the stock of available ranch-style homes may eventually dwindle. Not only because more home buyers are seeing the advantages of these homes, but also because the wrecking ball continues to demolish some of the ranchers that have survived.  

Return of the Ranch