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Condo Buying Tips: Condo ownership differs from regular home ownership in important legal and financial ways.

On the surface, condos may appear to be no different than other homes or apartments. But the legal definition of a condominium is significantly different from that of a typical single-family home, and buyers should be aware of these differences before buying a condo.
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New Laws to Regulate Mortgage Brokers.

In the wake of the worst mortgage crisis in USA history, lawmakers and consumer rights groups are forging ahead with proposals to more tightly regulate America’s mortgage brokers. Mortgage brokers are different from traditional loan officers because rather than simply working for a single bank or lending company they represent numerous lenders. Their job is to help find the best rates and loans for their customers by doing the background research and comparison shopping required to find those loans, and the best mortgage brokers work with a reliable network of lenders that are capable of providing competitive loan packages and interest rates.
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REO Listings: A safer, easier way to buy foreclosures.

Most people know that foreclosures are the bargain basement buys within the real estate business. But buying a foreclosure can also involve huge risks, especially for those who are not knowledgeable about the process and the major legal responsibilities that taking ownership of a foreclosure entails. REO properties, however, offer many of the same discounts without the inherent risks, and you can buy them just as you would any property listed with a real estate broker. You don’t have to show up at an auction with a cashier’s check; you have a chance to conduct inspections, and you can pay for an REO with a regular home mortgage.
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What does Subprime mean?

In 2007 the word subprime suddenly went from being a seldom-used mortgage industry term to a commonly known household word. The notoriety happened because subprime loans caused severe turmoil in the mortgage industry and led to historically high rates of real estate foreclosures. But even though most of us now understand the negative effects from subprime loans, we may not be familiar with the actual meaning of this category of mortgages.
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The ROTH IRA: Easy money for retirement.

The Roth IRA was first established in 1997, and for those who qualify for a ROTH it has become of the one most widely used and popular types of individual retirement accounts.
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Homeowner’s Insurance: Read the small print.

When you buy any type of insurance, you are paying the insurance company to cover your losses in event of an accident, illness, theft, or other problem. But homeowners are often surprised to find out that the policies they bought do not cover them for certain situations, and it pays to study your insurance policy carefully to make sure you get what you pay for in terms of coverage. Homeowners have to assume more responsibility than ever before in order to qualify for insurance payments in the event of a claim, and insurers are adding more and more small print to limit their policies.
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Hard Loans Overview.

Hard loans are often depicted as shady loans like those made by loan sharks in gangster movies, but that is usually not a fair or accurate portrayal. The majority of hard loans are offered by legitimate major banks and mortgage lenders in order to help consumers who have special financial needs that are not covered by traditional types of loans.
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What is Equity and Negative Equity?

Equity is another word for value or potential profit, and specifically it means the difference between what you owe on something – or paid for something – and what that item is actually worth today.
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