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RealtyTrac Foreclosure Report Shows 28% Decrease From May 2012

Foreclosure actions increased by 2.0 percent in May from April’s 75 month low point for foreclosure activity according to RealtyTrac’s U.S. Foreclosure Market Report released June 11.

However, the good news is that May 2013 foreclosure filings were still 28 percent below May 2012 filings.

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Homeowners — Are You Making These Mistakes Planning Next Year's Taxes?

Since we recently passed the filing date for 2012 taxes, it may be a good time to plan for next year and get your tax tracking systems in place.

Check carefully to make sure that you are not making any of these common homeowner tax mistakes – which could cost you money or get you in trouble with the IRS.

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Increasing May Jobs Report Shows Strengthening Economy

The U.S. Department of Labor released its Non-Farm Payrolls and National Unemployment Rate reports Friday showing 175,000 jobs were added in May, which surpassed expectations of 164,000 new jobs and April’s reading of 149,000 jobs added. The jobs added in May were largely from the private sector.

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Seller’s Home Purchase Contingency

If you represent a seller in the sale of real estate and that sale is to be subject to the seller purchasing another property, be certain the terms of that contingency are detailed, clear and are included in the offer to purchase. We often see language to the effect...

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What's Ahead For Mortgage Rates This Week — June 3, 2013

This week’s financial news was relatively limited due to the Memorial Day holiday and no economic reports being released on Wednesday. The biggest news in terms of housing and mortgages was the S&P/Case-Shiller Housing Market Indices (HMI) released on Tuesday.

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