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From the yearly archives:

2010

Mortgage Rates Jump to 6-Month High

by Tayeb Realty GroupDecember 13, 2010 commercial real estate

Mortgage rates rose for a fourth-straight week to reach a six-month high as yields on government bonds continue to rise. The average interest on a 30-year fixed loan hit 4.61 percent, up from 4.46 percent a week ago, Freddie Mac reported. Also, 15-year fixed loans averaged 3.96 percent, up from 3.81 percent last week; and [...]

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Lifestyle Search About to Launch

by Tayeb Realty GroupDecember 2, 2010 Housing Market News Update

Lifestyle searches are expected to soon become one of the hottest trends in real estate. At least four search companies are about to debut lifestyle search capabilities, according to a report from consulting firm WAV Group. The leading innovator is Onboard Informatics, which is working with EXIT Realty Corp., as well as Sunnyvale, Calif.-based MLSListings [...]

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Holiday Lighting Safety Checklist

by Tayeb Realty GroupDecember 1, 2010 Home Decor Ideas

Before you plug in and light up for the holidays, run your decorations through this quick safety check. Inspect light strings. Discard any that are damaged. Frayed or cracked electrical cords or broken sockets are leading fire hazards. Follow the manufacturer’s instructions for connecting multiple strings. The general limit is three strings.  Light strings with [...]

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How to Lend to a Family Member

by John TayebDecember 1, 2010 Housing Market News Update

Carrying a mortgage for a family member can be a good investment, but it can also be tricky. Here are a few things to consider. The lender must be comfortable with the deal. While a 30-year term is a popular bank loan, private lenders are sometimes more comfortable with shorter loan periods like 15 or [...]

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Foreclosure Crisis Slowing Sales

by John TayebDecember 1, 2010 Foreclosures

The foreclosure mess is making it harder for banks to sell properties. ForeclosureRadar, which tracks foreclosures in five Western states, says the number of properties coming to auction in Arizona, California, and Nevada has declined by more than 30 percent. Investors are backing away from sales because they fear that the properties they buy will [...]

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Second Liens Roadblock for Short Sales

by Tayeb Realty GroupDecember 1, 2010 Foreclosures

Second mortgages have become one of the biggest roadblocks to closing short sales. There are about 450,000 properties in some stage of the foreclosure process with at least one junior lien, according to real estate research firm CoreLogic. These second liens are a primary challenge for Freddie Mac, said Mark Johnson, who oversees short sales [...]

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Title Insurance: More Important Than Ever

by Tayeb Realty GroupDecember 1, 2010 Foreclosures

Understanding the tenets of title insurance is especially important considering the turmoil in the real estate industry. Title insurance is intended to protect the insured from improper titling, including defects in foreclosure proceedings, forgery, or impersonation or cases in which no title is legally conveyed. Other defects are partial, such as a neighboring fence or [...]

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Foreclosure Mess Leaves Some Buyers in Limbo

by John TayebNovember 30, 2010 Foreclosures

An increasing number of buyers of foreclosed homes are finding that they can’t close on the property because the foreclosure — and the sale — is derailed by a problem with the foreclosure paperwork. “Many of these transactions will probably never close,” said Greg Rokeh, a manager of bank-owned real estate in Longwood, Fla., for [...]

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Buyers Show Growing Interest in Tiny Houses

by Tayeb Realty GroupNovember 30, 2010 Home Decor Ideas

The tightly built, tiny home is one small segment — no pun intended — of real estate sales that is doing relatively well. For instance, the Tumbleweed Tiny House Co., which designs and builds homes that are less than 500 square feet, has gone from selling 10 blueprints to 50 blueprints a year. The Tiny [...]

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10 Tips to Stage your Home like a Professional

by John TayebNovember 25, 2010 Home Decor Ideas

When you are trying to sell your home, any edge that you can get over your competition is a plus! It is a home buyers market out there, and if your home has the slightest reason for a buyer to be turned away, you just lost a potential sale.  Home staging is about making your [...]

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