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April 2007 - Posts

Monday, April 23, 2007 1:28 PM

The scoop on AMT (Alternative Minimum Tax)

Remember the old tag line from the show "Lifestyles of the Rich and Famous", as Robin Leach wished us all "champagne wishes and caviar dreams"? And sure enough, these days more and more people have the trappings of the rich. But is
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Monday, April 23, 2007 1:26 PM

"ANYTHING THAT BEGINS WITH 'I DON'T KNOW HOW TO TELL YOU THIS' IS NEVER GOOD NEWS"

After a trend of gradually worsening over the past month, Bond prices and home loan rates finally got the good news they'd been waiting for...that pesky inflation rate finally appears to be moving lower. Early last week, the Consumer Price Index (CPI)
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Tuesday, April 17, 2007 1:14 PM

Things to remember about buying with FHA loans

Maximum loan amount for Dallas, Kaufman, Collin, Denton, Rockwall and Hunt Counties is $200,160 (Sales price of 204,760 with the 2.25 downpayment) Minimum Down Payment is 2.250% Buyer must make a 3% investment unless down payment is paid as a Grant/Charity
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Sunday, April 15, 2007 7:26 AM

THIS BLOG IS HEREBY CERTIFIED AS BEING 100% "IMUS FREE".

But just in case you didn't get enough of the Don Imus story that seemed to infiltrate every minute of news time last week...just turn on the television or radio for 30 seconds and you're sure to catch an update. The market had a busy week on
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Sunday, April 15, 2007 7:23 AM

PLEASE MISTER POSTMAN...

Perhaps the reason neither the Beatles nor the Marvelettes hadn't received that important letter was simply incorrect postage. And with the postage increases that seem to come more and more frequently, it's not a crazy assumption to make. So here
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Thursday, April 12, 2007 8:53 AM

FHA "FLIPPING" Guidelines

Because FHA is rapidly becoming the " IN " loan, I am getting phone calls because some lenders didn't know about the flipping guidelines until the last minute. Below you will find the guidelines on flipped properties when pertaining to a
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Sunday, April 08, 2007 7:29 AM

IT'S IN THE "FINE PRINT"...

Credit card companies do a great job at disclosing all of their terms and conditions...but do so in an exceptionally hard to read font and verbiage, designed to dissuade you from really reading the infamous "fine print". But failing to understand
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Sunday, April 08, 2007 7:15 AM

Forecast, Week of April 9th

What's on the docket this week? A few reports of note - and one of the more interesting items on the calendar will be the Federal Reserve Board's "Meeting Minutes" from the March 21st meeting, due for release this Wednesday afternoon.
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Sunday, April 08, 2007 7:08 AM

Realty. TV.

"TELEVISION IS NOT REAL LIFE. IN REAL LIFE, PEOPLE ACTUALLY HAVE TO LEAVE THE COFFEE SHOP, AND GO TO JOBS." Bill Gates Right on Bill...and last Friday, the Department of Labor reported that another 180,000 Americans left the coffee shops and
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Wednesday, April 04, 2007 1:35 PM

Some great things about FHA

NO Minimum FICO score is required. There are NO “non-allowables” for sellers any longer FHA now uses the same appraisal forms as Freddie and Fannie ( NO VC Sheets) Buyer CAN currently be in chapter 13 BANKRUPTCY Sales Price up to $206,000
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Monday, April 02, 2007 2:14 PM

"BASEBALL BEEN BERRY, BERRY GOOD TO ME..."

BASEBALL BEEN BERRY, BERRY GOOD TO ME..." Garrett Morris as Chico Escuela on Saturday Night Live And as the first pitch of the 2007 baseball season is thrown, Bond Players could be saying the same thing about Fed Chairman Ben Bernanke. Big Ben halted
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