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Archive for September, 2009

MagicJack.com

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By: Patrick Crowley
Special to The Examiner
September 23, 2009

Signs point to an extension for the $8,000 first-time homebuyers federal tax credit that is scheduled to expire Nov. 30.

Senate Majority Leader Harry Reid, D-Nev., has pushed for an extension and told reporters in a late August conference call he expected it to happen.

“We are going to extend that,” Reid said. “It’s something we can get done. We have to do it by the end of the year.” (more…)

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Jott.com

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By: Kenton Becker

As banks foreclose on several homes in the area, buyers will find some amazing garage-sale priced homes; but buyers have opportunities to buy homes through a “short sale” before a home goes into foreclosure.

What is a “short sale?” A short sales may be defined as the sale of a foreclosed home at a price less than the existing mortgage balance; however the ultimate price of a short sale lies in the willingness of the bank to negotiate terms. This is a complicated process and, up until now, has rarely occurred. Short sales will without a doubt be prevalent in the next year. (more…)

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