| ADVERTISEMENT AGENT ALERT: NAR reports 84% of buyers search for homes on the web. Get the FREE Agent Success Kit and see how you can win more sales online. Act now and learn how to receive a $500 gift card in time for the Holidays! TODAY'S TOP STORIES = Premium Member News - Join Now » Tuesday, September 22, 2009 The short-sale action guide If you're an active participant in today's real estate market, you know that the recent drop in housing values -- right after a couple of years of unprecedented borrowing against home equity -- has forced us all to get much more familiar with short sales than ever before. (A short sale, for your information, is a transaction in which the homeowner is selling the home for less than he or she owes on it. This requires that the lender or lenders involved agree to forgive some portion of the outstanding mortgage debt in order to consummate the transaction.) More » ZipRealty: For-sale inventory shrinks Double-digit annual declines in 19 markets Prices creep up in most Census divisions Index shows third month of home-price gains $8,000 tax credit set to expire Part 2: Stars aligned for first-time buyers 'Throwing money' at wrong buyers? Letter to the Editor OTHER TOP STORIES Wanted: 'Credible' appraisals House Keys Gaming the real estate market Online Monopoly goes hyperlocal, uses Google Maps Industry groups share appraisal concerns Realtors, lenders, builders meet with regulators Role of cash-outs in crisis studied Diverse pool of borrowers 'synchronized' at market peak Fixed defects: 'water under the bridge'? Seller worried about disclosure violation Latest News » NOTABLE QUOTE "By its very nature, the national news must generalize, which necessarily renders monolithic real estate advice inaccurate for some of the readers almost all of the time." --Tara-Nicholle Nelson |
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