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Are Couples Staying Together for the House?

by Tayeb Realty Group on July 21, 2011

A new study by the American Economic Review (AER) identifies a correlation between lower divorce rates and home price declines. According to Census data, the divorce rate fell to 46 percent in 2009 from 50 percent in 1996. Essentially, AER says couples are more likely to divorce when equity gains make it possible for them [...]

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Fannie, Freddie May Lose Top Credit Rating

by John Tayeb on July 20, 2011

S&P Warns it May Downgrade Fannie, Freddie Credit

Standard & Poor’s cautioned Fannie Mae and Freddie Mac that they may lose their top credit ratings if lawmakers don’t soon raise the government’s borrowing limit to avoid default. The S&P also said that the government-sponsored enterprises could potentially default on their debts since they are so reliant on the U.S. government for funding. Fannie [...]

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Help on the Way for Underwater Home Owners?

by Tayeb Realty GroupJuly 20, 2011 Foreclosures

A bill introduced in the Senate aims to remove barriers for underwater home owners looking to refinance. “The Helping Responsible Homeowners Act” would order Fannie Mae and Freddie Mac to waive fees and remove barriers that are keeping underwater borrowers from refinancing to lower mortgage rates. The bill, authored by Sen. Barbara Boxer, D-Calif., has [...]

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Atlanta Agents on Edge After 2 Violent Attacks

by Tayeb Realty GroupJuly 19, 2011 Housing Market News Update
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Real estate professionals in Atlanta are being encouraged to review safety procedures following two recent attacks on real estate professionals and a series of robberies at open houses. Last Thursday, a real estate broker in DeKalb County was bound with duct tape and robbed inside a model home. Two weeks prior, a gunman attempted to [...]

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Bill Calls for Extending Jumbo Loan Limits

by John TayebJuly 19, 2011 commercial real estate

A bill introduced late last week calls for extending the current conforming loan limits on government-backed mortgages at Fannie Mae and Freddie Mac for another two years. The bill, introduced by Rep. John Campbell, R-Calif., and Rep. Gary Ackerman, D-N.Y., would allow the government-sponsored enterprises and the Federal Housing Administration to guarantee or buy mortgages [...]

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FTC No Longer Enforcing Parts of MARS

by Tayeb Realty GroupJuly 18, 2011 Foreclosures

The Federal Trade Commission announced on Friday that it would no longer enforce against real estate professionals most of a new rule in the Mortgage Assistance Relief Services (known as MARS). This had been a roadblock for practitioners trying to assist consumers in short-sale transactions. “Real estate professionals will not have to make several disclosures [...]

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Design: Charming Apartment with Surprising Design Elements

by John TayebJuly 8, 2011 Architecture

Have a look at this fascinating apartment in case you are curious how 64 square meters can be turned into a spacious, chic living space. The hall that welcomes you is wide, featuring high ceilings and light walls, introducing you to the typical 20?s style with tight stucco and decorative parquet. The living room is [...]

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Design: Scandinavian Duplex Characterized by Refinement and Diversity

by Tayeb Realty GroupJuly 7, 2011 Architecture

Welcome to a delightful duplex displaying a remarkable interior design. Stretching over a surface of 127 square meters and consisting of 3,5 rooms plus kitchen, this place couldn’t be more captivating. The apartment breathes continental style and is characterized by good taste and refinement.  The ground floor accommodates two bedrooms, a recently renovated large kitchen [...]

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Georgia Real Estate Agent Attacked at Gunpoint

by John TayebJuly 6, 2011 commercial real estate

Police continue to search for a suspect after a real estate agent says she was attacked and robbed at gunpoint last week while working at a leasing office in a new subdivision in Cobb County, Ga. The man entered the leasing office in broad daylight, briefly spoke with the agent, and then robbed her at [...]

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Can a New HUD Program Save Home Owners?

by Tayeb Realty GroupJuly 6, 2011 Foreclosures

In June, the Department of Housing and Urban Development launched a new grant program to help home owners who have fallen behind on their mortgage payments due to unemployment or unexpected medical bills. The program offers eligible home owners $50,000 in interest-free loans for up to two years. HUD has until the end of the [...]

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