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IndyMac Plan Could Be Model For Mortgage Relief

LOS ANGELES – Oct. 22, 2008 – Maribel Carrillo is one of the new, happy-ending stories for bank regulators who hope to stem the foreclosure pandemic by modifying delinquent mortgages in bulk. Carrillo, 32, lost her $150,000-a-year job managing a record label in Los...

Existing Homes Outsell New Homes in Fourth Quarter of 2008

Existing single-family homes outsold new homes sales in fourth-quarter 2008, according to a new joint report by the Orlando Regional Realtor Association and Attorneys’ Title Insurance Fund. A total of 4,026 existing single-family homes sold in the fourth quarter,...

NAR: VA Law Will Serve Those Who Serve Our Country

WASHINGTON – Oct. 13, 2008 – Veterans across America now have expanded homeownership opportunities, thanks to the Veterans’ Benefits Improvement Act of 2008 signed by President George W. Bush on Friday. The bill includes housing provisions for veterans who are already...

Disney Guests to Get In Free On Their Birthday

If your birthday wish is to visit one of the local Disney theme parks, then Walt Disney Parks & Resorts has an offer for you: a free ticket for anyone who shows up on their birthday with a valid ID, including proof of birth date. The birthday offer is part of the...

Meltdown 101: Bankruptcy Won’t Help Borrowers Much

WASHINGTON – Oct. 15, 2008 – Can filing for bankruptcy help homeowners facing foreclosure? For most people, trying to negotiate changes in their loan with help from a housing counselor or lawyer is a far better option. While bankruptcy judges can reduce or eliminate...

Shocking Property Taxes For Buyers in Troubled Market

TALLAHASSEE, Fla. – Oct. 9, 2008 – Real estate ads these days include listing after listing of bargain-basement prices. But those who buy a home in a foreclosure or a pre-foreclosure sale should know that future property bills may be no bargain. Just because someone...