If you watch foreclosures, as I do, you notice that banks always submit the opening bid right before it forecloses on a property. Now a buyer could attend the Trustee Sale(Auction) and overbid the bank's opening bid and win the home. You see that happening in about 3% of all forclosures for just
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10/07/2008
According to Freddie Mac's data, mortgage rates have dropped back below 6 percent after spending more than a month above that threshold. Thanks to the Federal Reserve's aggressive moves to insulate the U.S. economy by slashing borrowing costs, 30-year fixed home loans averaged 5.87 in the latest
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03/27/2008
The media is hard at work pushing the message of wait to buy until next year, as the prices will surely drop a lot more. As realtors we can say to our clients I'll call you after January 1 or we can aggressively sell why it is a great time to buy. Here's what I do:1. I always start with some real
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11/07/2007
The question of when is the right time to buy a home is perplexing. The media says prices will drop further next year and they are right, but the timing is critical. When the prices increase again you could see the market quickly change to a sellers market and now the multiple offers begin. Here
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11/05/2007