Credit Score Myths

6 Myths about credit scores If you’re looking for a home, getting a car, or just wanting to up your credit score, then you’re acutely aware of how much influence your current credit score has on achieving your goals. However, there are several misconceptions about credit scores and just what and how they can affect …

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Proposed Bill to Speed Up Short Sale Process and Prevent Foreclosure

To avoid losing homes to foreclosure due to long response times for short sale transactions, three senators introduced legislation to speed up the short sale process. Senators Lisa Murkowski (R-Arkansas), Scott Brown (R-Massachusetts), and Sherrod Brown (D-Ohio) proposed the bill addressing the issue of short sales timelines on February 17. A short sale is a …

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Some real estate pros take aim at anti-piracy legislation

Some real estate practitioners and technologists have taken a stance against federal anti-piracy legislation in the U.S. House of Representatives (SOPA) and the Senate (PIPA), worried that it could restrict the legitimate sharing of real estate information online. Online user-generated encyclopedia site Wikipedia blacked out its site recently to protest the anti-piracy legislation that critics …

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Congress votes to restore FHA loan limits

House and Senate leaders signed off on a conference report for a “minibus” appropriations bill that included language restoring FHA’s ability to insure loans of up to $729,750 in high cost markets through 2013. Because the minibus appropriations package also contains a continuing resolution to avoid a government shutdown and continue federal operations until Dec. …

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