Government announces new program to help ‘underwater’ homeowners
The federal government on Monday announced new rules that would allow many more struggling borrowers to refinance their mortgages at today’s ultra-low rates, reducing monthly payments for some homeowners and potentially providing a modest boost to the economy.
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Hallandale approves condo king Jorge Perez’s $100 million, high-rise Beachwalk project
Hallandale Beach commissioners gave final approval Wednesday night to developer Jorge Perez’s plan to construct Beachwalk – a $100-million, 31-story hotel-residential complex on the Intracoastal Waterway. The proposed 305-foot tower at 2600 E. Hallandale Beach Boulevard will contain 216 two-bedroom hotel-condominium suites, 84 residential units, a 1,225-square-foot restaurant and a five-story parking garage. Commissioners also...
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Take action while interest rates are record low
While many prospective buyers remain “on the fence” concerned housing prices may fall further or while they remain focused on squeezing the sellers to perhaps unrealistic valuations, it may be a good idea to highlight the small benefit in a reduced price versus the potentially high risk that mortgage rates will increase and the long...
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Where to Invest 2012
I found this article very interesting in essence and guidance at Wall Street Journal By ELIZABETH O’BRIEN and IAN SALISBURY The world’s growing population needs more food, fuel and bandwidth. In our annual guide, we pick 10 stocks for the feeding frenzy. Making stock predictions is like forecasting the weather: For all the fancy charts,...
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Finally, Some excellent investment advice: Don’t Play The Losers’ Game
by Henry Blodget If you’re an individual with some money to invest, the first thing you need to know if you want to invest intelligently is that you shouldn’t play the Losers’ Game. What’s the Losers’ Game? The game that 99.9% of the people who talk about investing appear to be playing: Namely, following global...
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The 5 Most Common Complaints of Short Sale and REO Buyers (and How to Avoid Them)
Roughly forty percent of the homes for sale on today’s market are short sales and foreclosures! Distressed properties are well known for their value (a reputation which is sometimes accurate, and sometimes not), but they also have a reputation for causing buyers to become distressed, too! Transactional snafus, last-minute surprises and long, drawn-out escrows that...
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A market in real estate fraud
Some say today’s real estate market conditions are ripe for a reprise of some of the worst behavior of the boom and bust. Could today’s seductive conditions in the housing market — severely marked-down prices, record low interest rates and hundreds of thousands of foreclosures waiting to be resold — be breeding new generations of...
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Miami Magnate Is Rebuilding
Jorge Pérez Is Buying, Planning New Projects Amid a Glut He Helped Create By ROBBIE WHELAN Jorge Pérez, the “condo king of Miami,” has had a bad couple of years. He struggled with a multitude of lenders and buyers, gave up properties and lost more than $1 billion of his personal net worth. Now, he is...
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World Bank warns on risk of global recession
By Chris Isidore @CNNMoney January 18, 2012: 6:51 PM ET NEW YORK (CNNMoney) — The World Bank Wednesday slashed its 2012 growth forecasts for both emerging and developing economies from its estimates of only six months ago, and warned the world is on the cusp of a new global recession that could be as bad...
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Investors Warm Up to All-In-One Brokerage Accounts
Unified managed accounts are supposed to be simpler and easier than traditional ones. But are they for everyone? For years, Wall Street has been touting a new type of brokerage account it hopes will be simpler and better than what investors and advisers have used for years. After a slow start the vehicles, called unified...
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