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The Wayback Machine - https://web.archive.org/all/20040811231259/http://edit.cisdata.net:80/bin/web/real_estate/AR101818/NEWS/OCEANBEACH/1087946976.html
Real Estate News
Today's Real Estate News and Advice
Updated: August 10, 2004
Are We Returning To Straight Mortgages? Interest-only loans are drawing increased attention as a way to buy homes with lower monthly expenses. Columnist Peter G. Miller says we've seen such loans before -- and explains why consumers need to be cautious. FULL STORY->
Buyer Broker Agreement a Win-Win? These days many agents will ask their buyers to sign a buyer broker agreement. But what does the contract mean for the buyer and the agent? Is it really a win-win situation for all? FULL STORY->
New Federal Policy Extends Liability For Inflated Appraisals To Mortgage Lenders he Bush administration's top housing official warned lenders that they may be penalized for erroneous appraisals that inflate valuations or ignore value-depressing property defects. A new rule, set to take effect August 19, targets FHA lenders who "know or should know" that an appraisal was inaccurate. Appraisers cheer the action, complaining that lenders frequently exert pressure to "hit the contract price" to close realty transactions. Ken Harney reports. FULL STORY->
The Simplest Relocation Resources Are Sometimes The Best Have you reached a dead end in your quest for relocation information online? Some of the best available resources are not easy finds when using your search engine of choice. M. Anthony Carr shares one relocation website that was developed by the most unexpected source. FULL STORY->
Mortgage Rates Slip Back As Upward Pressures Ease Off Freddie Mac yesterday released the results of its Primary Mortgage Market Survey in which the 30-year fixed-rate mortgage (FRM) averaged 5.99 percent, with an average 0.7 point, for the week ending August 5, 2004, slipping from last week when it averaged 6.08 percent. FULL STORY->
Baby Boomers Boost Home-Based Business Market Most baby boomers are going to stay put when they retire and they also plan to continue working. It's a lifestyle that is a natural fit for running a home-based business. A new book shows the way. Broderick Perkins reports. FULL STORY->
Choosing A Lender: Where Do You Begin? Don't think that finding the best rate means either going to your bank or going to a mortgage broker; there's an "in-between" that has the benefits of both. You can't be guaranteed the absolute best rate just by finding one of these lenders, but there are tons of them out there. FULL STORY->
Ask Realty Times What happens when a home gets 20 offers? Which has been a better deal over the past decade, ARMs or fixed-rate financing? How can I get a grant to buy a home? Peter G. Miller looks at this week's most interesting questions for Realty Times. FULL STORY->
Meet Oreo, The "Mold Dog" Meet Oreo, the New Jersey "mold pup." This canine friend helps find hidden mold so that it can be removed. Stuart Lieberman has the details. FULL STORY->
It's Time To Get Ready For The Fall Market The fall real estate season is gearing up, and if you are planning to put your house on the market after Labor Day, you need to start preparing now. A few touches here and there will help boost your curb appeal tremendously. FULL STORY->
