Monthly Archives: November 2013

The American Dream Of Home Ownership Still Alive

The American Dream The American dream of home ownership still alive. The recession hasn’t shaken Americans’ confidence in home ownership, according to a new survey of 1,000 adults nationwide by NeighborWorks America. About two-thirds of survey respondents say their opinion … Continue reading

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Illegal To Smoke In Your Home

In San Rafael It Is Illegal To Smoke In Your Home San Rafael, Calif. city officials have adopted an ordinance that makes it illegal for residents to smoke in their homes if they share a wall with another dwelling. The … Continue reading

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Home Owners Insurance For Negative Equity

Consumers can self insure against negative equity A new type of insurance debuting next month protects home owners against negative equity. Underwater Mortgage Protection, offered by AmTrust Financial Services, is to launch in three states in December. It is then … Continue reading

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2014 Economic Recovery Led By Housing Sector

Economic Recovery Led By Housing Sector Mortgage giant Freddie Mac is expecting a 2014 economic recovery led by the housing sector. Economists predict a much stronger economic recovery will take hold next year, “led by a resurgent housing sector,” according … Continue reading

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Home Remodeling Jumps 14% In September

Home Remodeling Jumps Home remodeling is posting a strong recovery as more home owners regain equity and look to spruce up their homes. Home remodeling projects jumped 14% in September over year-ago levels, according to BuildFax, which tracks building permits.     … Continue reading

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Home Buyers Cash Deposits Delay Closings

Home Buyers Cash Deposits Home buyers who make  cash deposits to their checking accounts that don’t come from payroll checks or income tax refunds during the processing of a mortgage likely will face delays in closing, lending experts warn. That’s … Continue reading

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Down Payment Requirements Loosening ?

Down Payment Requirements Lenders’ tight underwriting standards with down payment requirements have been blamed for sidelining many potential home buyers the last few years. But lenders may be showing signs of loosening down payment requirements up a bit. The average … Continue reading

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Bidding Wars Are Slowing Down

Bidding Wars Are Slowing Down Bidding wars in recent months have fueled large gains in home values in some parts of the country, particularly states like California, Arizona, and Nevada. But bidding wars and the buying frenzy from a few … Continue reading

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Home Owners and Banks Profit on Foreclosures

Home Owners Profit On Foreclosures More than 1,000 home owners who lost their homes to foreclosure in the Phoenix metro area may be eligible to recoup thousands of dollars in cash due to rising home prices. Many foreclosures are selling … Continue reading

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Home Mortgage Loans Dropped Again

Home Mortgage Loans The Mortgage Bankers Association reports that its mortgage application index — which reflects both refinancing and home mortgage loans — dropped 1.8 percent for the week ending Nov. 8. That follows a revised drop of 2.8 percent … Continue reading

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