In an effort to curb foreclosures, Bank of America is offering some of its defaulting home owners relocation assistance of anywhere from $2,500 to as much as $30,000 if they agree to complete a short sale.
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“Firming home values, improving employment, and low mortgage rates” are driving greater optimism over a recovery taking shape in the new-home market, says David Crowe, chief economist for the National Association of Home Builders.
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Long-standing common-law policies against placing undue restrictions on land owners’ ability to use and transfer property can lead to confusion about the proper implementation of conservation easements, explained Brian Blaesser, an attorney with Robinson and Cole in Boston, who specializes in land use issues.
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REALTORS® got a taste of the upcoming Rally to Protect the American Dream when NAR President Moe Veissi kicked off the 2012 NAR Midyear Legislative Meetings & Trade Expo yesterday in Washington, D.C. “This is your moment,” Veissi said during the Member-Director Forum. “We”ll gather like no one has gathered before.”
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There are many positive signs in the housing market right now that suggest 2012 may be the best year for real estate since the subprime meltdown in 2007. However, the recovery has been inhibited so far due to lenders’ reluctance to originate enough new mortgages to meet buyer demand, experts said yesterday at the 2012 REALTORS® Midyear Legislative Meetings & Trade Expo.
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REALTORS® heading up to Capitol Hill this week will be telling their members of Congress not to let real estate issues get caught up in election-year politics.
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