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JPMorgan Chase beats reduced target  JPMorgan Chase & Co., the nation's third-largest bank, on Wednesday reported second-quarter earnings of $994 million, or 28 cents a share, beating reduced Wall Street earnings' projections despite a sharp


Katrina Tax Breaks Flow to Luxury Condo Market  With large swaths of the Gulf Coast still in ruins from Hurricane Katrina, rich federal tax breaks designed to spur rebuilding are flowing hundreds of miles inland to investors who


When selling a house, 'curb appeal' can close the deal  Experience shows that this is the season for the serious homebuyer. And with so many listings for that buyer to look at, the successful seller will be the one whose


Liberal think tank calls for aid to low-income homeowners amid fears of foreclosure boom  With concern building over troubles in the mortgage industry, a liberal think tank on Monday said the federal government should take new steps to protect low-income homeowners at risk of


Podcasting - Revolutionizing The Way We Live And Work  Want to learn how to make money on the stock market while driving to work? Or find out how to get into the college of your choice while roller blading?


Asia Properties Acquires Land Adjoining Resort Subdivision in Phuket, Thailand  read more...

March 31st, 2006

Pre-qualification doesn’t guarantee a mortgage (Akron Beacon Journal)

Q: I had a contract to sell my home. I gave the buyer seven days to bring me an acceptable mortgage letter from a bank, but he presented a letter from a mortgage broker indicating final approval of his loan was subject to ``underwriting.’’ His bank returned his $1,000 deposit check for insufficient funds. Can I legally terminate his contract?—Jorge S.

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