Dark side to lease-option for unwary buyers
Washington—Almost every cable TV real estate guru pitches them as great money-making techniques: lease-option contracts, also known as rent-to-own programs.
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MFA Mortgage Investments 2Q earnings skyrocket (AP via Yahoo! Finance) MFA Mortgage Investments Inc. said its second-quarter earnings more than quadrupled as its interest margins improved and it used a recent capital raise to increase its investment portfolio.read more...
Voucher comes through after eight years The voucher will enable her to rent a home, with the Santa Clara County Housing Authority paying the majority of her rent.read more...
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Grant will pay for historic home restoration The Historic Preservation Commission in Tallahassee approved a $350,000 grant to restore the Oliver's Camp House, one of the pioneer homes located at the Brevard Community College campus in
Business Notes The Federal Reserve, keeping a watchful eye on the effect of surging oil prices, raised a key interest rate by another quarter-point yesterday.via
Metro begins minority contractor initiative When Metro, the St. Louis regional transit agency, began building its light-rail public transportation system here in the early 1990s, minority-owned firms won 15 percent of the project's construction ...read