Time share scam tips

Timeshares seem like the best vacation ever–resort vacation, your trip destination planned in advance, fixed or floating times to use your unit, manicured grounds, good food…  But what happens when you get tired of it? Those fees add up, the time share locations can get boring–and you may want to sell your time share. Unfortunately, …

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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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HUD’s Inventory of REOs More Than Double a Year Ago

HUD has released a report detailing recent business activity at the Federal Housing Administration (FHA). It shows that the federal agency’s inventory of REO homes has ballooned as sales from this portfolio fell sharply during the final months of 2010 and early part of this year. The number of repossessed single-family properties held at the …

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