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REAL ESTATE MARKET ACTIVITY

Another Rash of Foreclosures Coming Soon Some economic observers are predicting another wave of foreclosures later this summer or in the fall. That’s because lenders that have held off on foreclosures as part of President Obama’s plan will now move forward aggressively to clear the backlog of troubled m

BUYERS GET $8,000 TAX CREDIT

First-Time Buyers: Hurry for $8,000 Tax Credit It’s time to remind first-time home buyers that in order to qualify for the government’s $8,000 gift in the form of a tax credit, the deal must close by Dec. 1. Buyers should have a purchase contract signed by early October, so they have 45 to 60 days to arrange financing and sa

MORTGAGES

5 Tips for Buyers in Negotiating a Mortgage Deal Getting a mortgage loan these days can be a slow and frustrating experience. Here are some things that buyers should know as they go through the application process: Ask for the “Good Faith Estimate” early. It won’t be released until it is officially “compl