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Recent content by USAPlaceExpert

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    A Possible $1 Trillion Rise in Home Equity in 2013?

    On top of that, the so called `bargain basement` deals on U.S. properties are long gone, and on average, they are selling at just 20% below. If you are looking to invest in residential properties, then the time to act is NOW! Read all the research from NAR here
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    Share of homes with negative equity drops below 30%

    One of the biggest drags on the housing market in addition to the obvious foreclosure issues that are well documented, are the number of homes that are in a negative equity position. There are currently 14M homeowners who are underwater on their mortgages but they have work, and are paying...
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    Shadow inventory is down 10%

    `Broadly speaking, the shadow inventory continued to shrink in July,` said Anand Nallathambi, president and CEO of CoreLogic. `The reduction is being driven by a variety of resolution approaches. This is yet another hopeful sign that the housing market is slowly healing.` That`s right...
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    Senators bargain on HARP expansion

    No, the Senators in Washington are not trying to make the national instrument of Ireland larger, but what has been proprosed is to expand the amount of mortgages that can qualify for the Home Affordable Refinance Program (HARP). They want to extended the deadline backwards toward 2009 from it`s...
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    Refinancing surge for high-interest, underwater borrowers

    Want to fix the housing marketing in the United States, you have to help the people and not just the big banks. That is exactly what is happening here, as this article explains, the Federal Housing Finance Administration has relaxed the requirements on underwater mortgagors to re-finance their...
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    Can a lack of identity affect your real estate investment?

    I just read a very interesting article about the fine line when a town grows and morphs into a city and some of the factors that make a town ` a town. In a nutshell, how do you think the identity crisis can spill out and affect your real estate investment? On a high level, if people do not...
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    Are HELOCs the next battle ground?

    News via the Office of the Controller in the United States has published in new report that there are massive amounts of HELOCs (Home Equity Line of Credit) that will soon have to start paying not only interest on their HELOCs, but principal as well. On top of that, the amount of principle to...
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    You may want to think again if looking to invest in L.A.

    If you see the amount of people that we do, you are bound to find people wanting to invest in California, and the huge metropolis of Los Angeles. Well here is something that has made headlines that is not so pretty and something investors in L.A. and anyone looking at foreclosures must be aware...
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    Know Your Zip Codes! You Can Find Diamonds in the Rough.

    You never know when you will stumble across that `aha` moment, or that quote or song that just fits a particular moment and provides clarity. What I would like to draw attention to in this post is an article from Zillow that shows some encouraging charts about the United States real estate...
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    Has the high profile HARP program finally gained traction?

    The year is 2012. 5 years removed from the housing market meltdown. Yet here we stand, with mortgage rates at all time lows, affordability at all time highs, and still we find that Americans are having trouble getting lending from their own domestic banks. So it is welcome news that we see...
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    1st Time Home Buyers are back!

    This is welcome news to any real estate market watcher, pundit, talking head, investor, homeowners, and to all Americans. After all, real estate is valuable when there is an end user, not where there is only renting, flipping, and speculation. And it appears that finally, the end user is back...
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