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From the monthly archives:

July 2010

Foreclosures Account for 31% of Sales

by John TayebJuly 2, 2010 Foreclosures

Online foreclosure marketplace RealtyTrac reported today that homes in foreclosures accounted for 31 percent of the residential sales in the first quarter of 2010. The average sales price of these properties was nearly 27 percent below the average sales price of properties not in foreclosure. RealtyTrac expects foreclosure discounts to stay between 25 percent and [...]

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Financial Reform Bill Gives Nod to Simple Loans

by Tayeb Realty GroupJuly 1, 2010 Foreclosures

Under the proposed financial reform compromise bill, a mortgage lender would have to keep 5 percent of each mortgage when it is securitized, unless the mortgage is a plain vanilla type of loan that the government dubs a “qualified residential mortgage.” Analysts believe that such an incentive is means that the mortgages available to most [...]

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Living Large in a Small Apartment

by John TayebJuly 1, 2010 home improvement

For today we would like to show you a beautiful small apartment (61 sqare meters). You are looking at a crib that is perfect for socializing but also for meditation in solitude. With wide and spacious interiors, this home looks very warm and inviting. The color palette is cheerful, yet subtle and tasteful. A large [...]

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House Approves Tax Credit Extension

by Tayeb Realty GroupJuly 1, 2010 Foreclosures

The U.S. House on Tuesday agreed to give home buyers until Sept. 30 to close on eligible properties and still qualify for the home buyer tax credits. The current deadline requires buyers to close by June 30 in order to qualify. The Senate must still approve the measure. Supporters there are planning to tack the [...]

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