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Here is a great resource for those homeowners considering a “short sale”, www.makinghomeaffordable.gov and the youtube channel video called “your graceful exit”.

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I discuss what is a short sale and the requirements to be considered for a short sale.

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There’s some good news coming from inmannews.com & foreclosureradar.com that indicates the foreclosure cancellations in california have increased 174% over the past year meaning banks are starting to work more with homeowners to avoid foreclosure.

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I discussed an article i just recieved from the California Association of Realtors and the findings of a group called First American CoreLogic. The results may surprise you.

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I discussed a recent article in the wall street journal that casts some light on why we won’t see an federal tax extension but also stress why it’s still a good time to buy a house.

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Wall Street Journal: The New Rules of Remodeling

I discuss an article released in the wall street journal last week titled “the new rules of remodelling”.

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San Franciscio Gate – Will loss of tax credit discourage home buyers?

I discuss an article in the san francisco gate about the federal home buyer tax credit expiring today.

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In this episode, I discussed a recent AP article that shows the small cost differential between renting vs. owning a home. you can read the artcle here.

Hello everybody and welcome to another episode of the Reside Daily Bite; I’m your host, David Doucette. Today, I want to talk to you about a recent article, an AP article, out of DailyNews.com that talks about renting versus home ownership. The title of the article is “Should you buy or rent a home? Cost gap narrows”.

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In this episode, i discuss a recent article at cnnmoney.com titled “getting a loan will be pricier“.

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In this episode, i discuss an article from yahoo real estate titled “12 hidden costs to be aware of”. while i don’t believe these costs are hidden, they should be taken into consideration when planning your budget during the home buying process. i keep it simple and short and just name the items. for a complete discussion of each of the 12 items, tune into the reside realtor online radio show, episode 009.


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the following was sent to me this afternoon from the California Association of Realtors’ “Realegal newsletter”. it essentially states the funds for the first-time homebuyer tax credit won’t be around for long. if you’re sitting on the fence about buying a home, you need to read this;

The $100 million allocated for California’s first-time homebuyer tax credits may be depleted in about 10 to 20 days or sooner, according to C.A.R.’s Economics team.  California’s Franchise Tax Board (FTB) plans to begin accepting applications on May 1, 2010 for tax credits up to $10,000 for first-time homebuyers and for homes that have never been previously occupied.  However, the total tax credit allocation for all taxpayers is $100 million for first-time homebuyers and $100 million for new homes, both on a first-come, first-served basis.

C.A.R.’s forecast of 10 to 20 days to deplete the $100 million allocation for first-time home buyers is based on estimated May sales figures and other parameters.  It does not take into account the possibility that buyers scheduled to close escrow in April may delay closing until May to take advantage of the tax credit.  If a shift in closings from April to May occurs, the first-time homebuyer tax credits may be depleted even more quickly than indicated above.

Applications for the California tax credit must be faxed to the FTB after escrow closes.  The FTB will update its website when the 2010 application form and other information become available.

In this episode, i discuss an article i just recieved from california association of realtors“realegal” newsletter. they are predicting the monies for the first-time homebuyer tax credit will be gone within 10-20 days and possibly sooner. if you’re sitting on the fence about buying a home, you need to watch this now.
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In this episode, I discussed an article that was printed in the la times today describing the southern california marketplace showing signs of improvement.
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In this episode I discussed several factors that may be contributing to the inevitable rise in interest rates that industry experts are expecting to take place over the next 8-9 months.

Hello and welcome to another episode of the Reside Daily Bite; I’m your host, David Doucette. Today, I want to talk to you about interest rates and the reality that they will be going up, how soon, how quick, we don’t know and by how much remains to be seen. But we think they will definitely be going up.
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In this episode, i discuss a great website to opt-out of not only recieving those annoying credit card offers, but also to prevent your credit card companies from accessing your credit report and making changes to your terms and conditions because of something on your credit report. read more

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new podcast episode!

Fannie, Freddie, FHA Oh My! with David Garrett, Mortgage Banker
special guest: david garrett
listen now!