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About a year agon President Obama put into action the HAMP program which was a program where homeowner's could enter into a trial loan modification and if it worked out the borrow could make that new modification become permanent. How is it working out? Read this article for the full story.
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I was reading an article put out by the Housing Predictor website and they talked about their prediction that their predicted number of foreclosures is expected to go down over the next few years. How can that be? Read the full article.
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If you have been thinking of purchasing a forclosure and it happens to be a Fannie Mae property...well, they just extended their incentive! Right now if you purchase a Fannie Mae property, you can apply 3.5% of the total purchase price towards your closing costs and/or Whirlpool Appliances. You must close before June 30, 2010 to take ...
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Here is the offer that comes straight from the Fannie Mae Website:
Closing Cost Assistance and Appliance Incentive for Fannie Mae HomesFannie Mae is offering a 3.5% incentive* for buyers who purchase and close on a Fannie Mae-owned home between January 28 and April 30, 2010. Buyers purchasing properties listed on this site that are closed ...
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If interest rates continue to stay low...then what does this mean for the housing industry?
Continued lower interest rates can help increase home sales. Will this help you make the decision to buy? There are great prices on homes and bank owned homes. If you are even thinking of buying...read this story.
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Here's an interesting link to an article that talks about President Obama's Rescue Plan and banks' progress reports on loan modifiations. We still have a long way to go before this problem gets more results.
Read more here...
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