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10/30/2006 What to do when buyers won't make a move
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Editor's note: In this three-part series, brokers and agents share tips and insight on approaching buyer and seller standoffs and ways professionals can keep a transaction moving in a slowing real estate market.
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10/30/2006 National foreclosures up 17% from previous quarter
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National property foreclosures were up in the third quarter compared to the previous quarter and year-ago findings due to a softening real estate market and higher interest rates, a foreclosure tracking service reported today.
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10/30/2006 Mortgage broker defrauds lenders, goes to prison
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A former mortgage broker in Charlotte, N.C., has been sentenced to five years and five months in prison after pleading guilty to conspiring to defraud mortgage lenders through an elaborate home-selling scheme.
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10/30/2006 Survey: 14% of homeowners hold adjustable-rate mortgages
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One in seven homeowners have adjustable-rate mortgages, and 79 percent are concerned about the interest rate on their mortgage increasing, according to a survey of 1,361 homeowners who closely mirror the U.S. population.
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10/30/2006 Single-family building permits drop 57% in California
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The number of residential building permits issued in California in September dropped to the lowest level for that month since 1996, the Construction Industry Research Board reported, and fell 46.6 percent compared to September 2005.
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10/30/2006 Iowa home sales, prices tumble
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Home sales and prices across Iowa dropped considerably in September from their year-ago levels, according to statistics provided by the Iowa Association of Realtors.
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10/30/2006 Overnight real estate rates trend lower
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Long-term mortgage interest rates were down again Friday, and the benchmark 10-year Treasury bond yield dropped to 4.67 percent.
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10/30/2006 Prudential California 'rightsizes' in slowing market
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Prudential California Realty is "rightsizing" in recognition of the market realities of slower sales, said Sherry Chris, the company's chief operating officer.
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10/30/2006 Congressional Committee Proposes Crackdown on Homeowner Tax Writeoffs
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Have you been writing off your mortgage interest and real estate taxes correctly on your federal income tax filings? Or maybe not?
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10/30/2006 Housing Counsel: Deducting Interest When You Are Not on Title
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Question: I want to buy a condominium unit for my son. Although he makes a decent living, his credit is not good. Accordingly, the lender has advised that title must be in my name only. My son will live in the property and make all of the mortgage payments.
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