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Thank you, Obama…

29 June, 2009 (15:13) | Successes | By: Richard

All of a sudden, you’re $8,000 closer to the American Dream.

Uncle Sam, with the help of President Barack Obama, just made it easier to buy foreclosures by allowing first-time homebuyers to use an $8,000 tax credit for a down payment or other closing costs.

Best of all, the $8,000 doesn’t have to be repaid.

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What about San Antonio?

27 June, 2009 (14:01) | Discussion, Strategies | By: Nicholas

Folks – check out this article written by my friend, Bobby Middleton, from VIP Realty in San Antonio, Texas. He is a successful and dedicated Realtor who knows what he is talking about.  Get your pencils ready, class!

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Servicing your Clients

20 June, 2009 (03:05) | Discussion | By: Richard

What do the items below have in common?

Anyone? Anyone?

Realtors and real estate agents understand this trick extremely well. Do not hesitate to steal this valuable tidbit of knowledge. The secret is simply this: provide your potential clients and customers information they will need if they were to live in the dwelling you are selling them…

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Bookstores in a Real-Estate Bind

19 June, 2009 (22:09) | WallStreet Journal | By: WSJ.com: Real Estate

Barnes & Noble is scaling back its real-estate ambitions for the rest of the year, posing another problem for the revenue-starved book industry.


Lehman Property Boss Returns

18 June, 2009 (13:27) | WallStreet Journal | By: WSJ.com: Real Estate

Mark Walsh, the executive who loaded Lehman with toxic property investments, is part of a group that will take over the bankrupt firm's real-estate private-equity arm.


Whatcha Gonna Do?

17 June, 2009 (13:33) | WallStreet Journal | By: WSJ.com: Real Estate

The billions in first-mortgage debt that helped finance Lichtenstein's buyout of the Extended Stay Hotels chain included a so-called bad-boy provision to discourage a bankruptcy filing.


Warnings Preceded Lender’s Fall

17 June, 2009 (08:26) | WallStreet Journal | By: WSJ.com: Real Estate

Federal regulators repeatedly expressed concern with Downey Financial's risk management and high concentration of risky mortgage loans before the bank's failure.


Las Vegas Construction Faces Hit

11 June, 2009 (13:43) | WallStreet Journal | By: WSJ.com: Real Estate

The bankruptcy filing by Fontainebleau stands to have a harmful impact on the Las Vegas construction industry already struggling with unemployment.


Macerich Looks to Sell Stakes in Malls

10 June, 2009 (17:40) | WallStreet Journal | By: WSJ.com: Real Estate

As other real-estate companies sell stock to raise capital, Macerich is betting that it can do better for its shareholders by selling stakes in some of its malls.


Alabama Mall Shuts Doors

10 June, 2009 (13:36) | WallStreet Journal | By: WSJ.com: Real Estate

General Growth Properties has closed Century Plaza Mall in Birmingham, but the mall owner says the shutdown isn't related to its bankruptcy filing.