Mortgage Interest Deductions Help Homeowners, NAR Replies

WASHINGTON DC – Federal income tax deductions for home mortgage interest took a hit Saturday (Jan. 1, 2011) in The Washington Post newspaper, which published an editorial titled “Trim the Excessive Tax Subsidy for Real Estate.” Lawrence Yun, chief economist for the National Association of REALTORS, responded by describing how mortgage interest deductions benefit primarily …

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Mortgage Service Practices Probe Results Expected In 2011

ALLENTOWN PA – As homeowners around the country continue to struggle to fend off foreclosure proceedings, a working group of attorneys general and banking officials from all 50 states has been gathering evidence in a probe of potentially improper or illegal lending and servicing practices, according to an article written by reporter Tim Darragh and …

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Got A Foreclosure Complaint? Let Attorney General Know

HARRISBURG PA – Pennsylvania homeowners are being urged by the state Attorney General to file complaints concerning questionable or improper mortgage foreclosures. AG Tom Corbett said on Oct. 6 (2010) the filings would be included in an ongoing investigation by his office’s Bureau of Consumer Protection to determine if laws were violated by lenders or …

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Court Bans Landlord Fines, Renter Registration In Hazleton

HAZLETON PA – A federal appeals court ruled Sept. 9 (2010; Thursday) that Hazleton PA could not fine landlords who rent to illegal immigrants, or required prospective tenants to register with City Hall and pay for a rental permit. The court ban against both measures, part of the city’s crackdown on illegal immigrants, is seen …

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To Succeed, Put Your Real Self Into Real Estate Messages

The rage in real estate communications these days focuses on the rise of Internet-based social media. Can you survive in the business without a Twitter account and a Facebook page? Sure, although probably not as successfully as you will with them. Twitter, Facebook, Linked-In, instant messaging and similar applications are big for real estate because, …

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Signing a document

Coming Flurry Of Health Care Offers To Make Agents Wary

HARRISBURG PA – An e-mail was distributed Tuesday (May 18, 2010) from Florida, with a subject line that blared “Real Estate Agents Get Lower Health Insurance Rates in Pennsylvania.” Sound appealing? It’s not. Be wary of such messages, the Pennsylvania Insurance Department has warned. Real estate licensees and others should be suspicious if someone tries …

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Home for Sale sign

Home And Property Sellers, Here’s Your Half-Hour Of Fame

LOS ANGELES CA – OK, here’s the pitch. You’re a first-time home seller; that buying thing has been so-o-o-o done to death already. And you’re located in the eight-county Philadelphia area. And you want to be on television in one of those prime-time reality shows. Here’s your chance for 15 minutes – no, wait, make …

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Yes, You Can Work And Prosper Part-Time In Real Estate

NEWTOWN SQUARE PA – Joblessness in Pennsylvania,  according to the latest statistics (as of Aug. 21, 2009) available from the state Department of Labor and Industry,  is running at 8.5 percent. With unemployment and under-employment still high across much of the state, more people are looking at real estate sales as either a new or …

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New Law Affecting Brokers Could Free Up Escrow Money

HARRISBURG PA – A change to the Pennsylvania Real Estate Licensing and Registration Act, signed into law last Monday (July 6, 2009) by Gov. Edward Rendell, might prevent heartache for future purchasers who find their dream home deal has fallen through. Senate Bill 241, written by Bucks County (PA) state Sen. Tommy Tomlinson and passed …

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