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In a recent flury of title company problems, a Monmouth County NJ grand jury returned a seven-count indictment against two title company owners. The two sisters are accused of stealing approximately $780,000, to pay for personal expenses, including high-end vehicles such as Ferraris, lavish homes and travel. The indictment charged the two sisters with second-degree conspiracy, [...] “…In the modern era, the information is passed automatically to a computer-generated report, which, if wrong, will be a potential claim that will simply be paid out in the future.” (End Quote) Are we now just a casualty [...] US News & World Report has an excellent article on the outlook for Real Estate in 2010. Read it here. In the author’s opinion, interest rates along coupled with lower housing prices should be key to an economic return in 2010 for real estate. Particularly coupled with federal money for first time homebuyers. After all, [...] Residential mortgage numbers in default are higher than they have been since the Great Depression. Realty Trac, publisher of the country’s largest database of foreclosure activity, estimates that the numbers will continue to increase through the third quarter of 2010 due to high unemployment rates and the reset of interest rates on large groups of [...] The House and Senate have passed a two-month extension to the FEMA federal flood [...] Short sale listings are bogus numbers. They don’t represent fair market value as they can’t give marketable [...] |
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