Healthy Lifestyle

Mortgage foreclosures up sharply for '05 - The Boston Globe

Mortgage foreclosures up sharply for '05 - The Boston Globe: "The auctioneer placed folders full of papers on the hood of his car and waited for bidders.
''I was nervous. I was upset,' said Nunziato, who quit her job as a school custodian more than a year ago after being diagnosed with leukemia and diabetes. ''I kept going to the window.'
Turns out the auctioneer wouldn't need to shout over the dogs barking inside or the planes overhead approaching Logan International Airport. ''Nobody showed up,' Nunziato said."
--------------------------------
Buying a Home Foreclosures- Buying a home foreclosures makes you generate quick profit. Step-by-step process in buying a home foreclosures for quick cash.

Experts tell how to cut foreclosures

Charlotte Observer | 01/18/2006 | Experts tell how to cut foreclosures: "The Observer interviewed lenders and builders, borrowers and defaulters, community advocates and academics, and government officials. In addition to counseling for homeowners who have fallen behind on their mortgage payments, here are their top recommendations for reducing foreclosures:1. Teach home ownershipProblem: Many people lack basic financial literacy. They don't understand their loans. They don't know how to manage ownership of a home.Solution: Nearly everyone agrees lenders, governments and nonprofits should increase spending on education: basic financial education in public high schools; counseling on how to buy a home; counseling on how to own a home. Studies "
-------------------------------
Buying a Home Foreclosures- Buying a home foreclosures makes you generate quick profit. Step-by-step process in buying a home foreclosures for quick cash.

Estate owner wants to avoid $33,000 tax bill by making home a church: South Florida Sun-Sentinel

Estate owner wants to avoid $33,000 tax bill by making home a church: South Florida Sun-Sentinel: "Longtime neighborhood activist Sonny Irons spent the past two decades building his $1.4 million waterside estate in Fort Lauderdale, but now he argues it's really a church and he shouldn't have to pay $33,000 in property taxes this year.

Irons styles himself as the priest and presiding overseer of the Seafarer's Church of the Creator and says he serves as pastor to about 15 people each Sunday in the gated 4,900-square-foot house where a pair of yachts rent dock space. Broward County Property Appraiser Lori Parrish calls it a 'tax dodge' and fears more homeowners will claim tax-exempt status as a church if Irons succeeds."
--------------------------------
Buying a Home Foreclosures- Buying a home foreclosures makes you generate quick profit. Step-by-step process in buying a home foreclosures for quick cash.

Study: No-Money-Down Home Buying Potentially Dangerous

W*USA 9 News | Consumer - Study: No-Money-Down Home Buying Potentially Dangerous: "As housing prices soared last year, an eye-popping 43% of first-time home buyers purchased their homes with no-money-down loans, according to a study released Tuesday by the National Association of Realtors.

The trend is potentially ominous. The real estate market is cooling in some areas, and rates on adjustable-rate loans are creeping up. As a result, some no-money-down buyers could owe more than their homes are worth.

Who are entry-level buyers?
Survey of home buyers reveals:

Median age: 32

Median household income: $57,200

Median down payment: 2%*

Purchased with no money down: 43%
* � on home costing $150,000"
----------------------------------------
Buying a Home Foreclosures- Buying a home foreclosures makes you generate quick profit. Step-by-step process in buying a home foreclosures for quick cash.

These five key rules dictate your home-buying success - 01/14/06 - The Detroit News

These five key rules dictate your home-buying success - 01/14/06 - The Detroit News: "F ew activities are more life-transforming than buying a home. The investment is huge, as are the potential rewards, if the choice is right. Picking the wrong place can haunt homeowners for years. Yet despite the high stakes, many buyers are surprisingly oblivious to the intricacies of the process.
'I've dealt with people who have a master's degree in business yet are shocked at how complicated it is to buy and finance a house,' says Tracey Rumsey, a mortgage lender for 10 years."
--------------------------------
Buying a Home Foreclosures- Buying a home foreclosures makes you generate quick profit. Step-by-step process in buying a home foreclosures for quick cash.