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Home Prices Rise in Half of U.S. Cities as Markets Stabilize

Posted May 16, 2012

Prices for single-family homes climbed in half ofU.S.cities in the first quarter as real estate markets stabilized. The median sales price increased from a year earlier in 74 of 146 metropolitan areas measured, the National Association of Realtors said in a report today. In the fourth quarter, only 29 areas had gains. Home Prices Rise…(Continue Reading)

How to buy a home on a retiree’s budget

Posted March 19, 2012

Q: How do retired people with a mortgage-free home and a limited budget (Social Security and retirement) sell and buy a home? Would they qualify for a mortgage or have to sell the home before buying a new home? Are there creative ways to do this? –Sue A: I suspect this question will be coming…(Continue Reading)

Proposed Bill to Speed Up Short Sale Process and Prevent Foreclosure

Posted March 8, 2012

To avoid losing homes to foreclosure due to long response times for short sale transactions, three senators introduced legislation to speed up the short sale process. Senators Lisa Murkowski (R-Alaska), Scott Brown (R-Massachusetts), and Sherrod Brown (D-Ohio) proposed the bill addressing the issue of short sales timelines on February 17. A short sale is a…(Continue Reading)

Lenders paying borrowers to do short sales

Posted February 21, 2012

Lenders are allowing more short sales by financially strapped homeowners and a few people are even getting cash to complete the sale. Short sales are when lenders allow borrowers to sell homes for less than their unpaid mortgages. They are an alternative to foreclosures. Short sales have been increasing for months, but the financial incentives…(Continue Reading)

9 Tips to Winning A Multiple Offer Home Bid

Posted February 10, 2012

Often times people find themselves in a multiple offer situation, whether it’s the time of year, a very desirable home or an appealing listing price. How can you increase your chances of winning against competing home buyers?  Although the winner is usually the most qualified home buyer with the best price and the fewest strings…(Continue Reading)