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Winning the offer, counter-offer game  The seller sets an inflated asking price and as the buyer you offer something less. Here's how to win this cat-and-mouse game.read more...


Australia Mortgage Bond Market Recovery Hindered by High Yields (Bloomberg.com)  May 19 (Bloomberg) -- The recovery of Australia's mortgage- backed bond market, which reopened to new sales last week after a drought of five months, has been hampered by credit


Importer finds profits underfoot  How did home flooring become cocktail party talk? I think it's because of the housing boom.read more...


Pending Home Sales Tumble; Indicating Softening Market  An index measuring such sales sank again in October, 13.2% below the level of a year earlier, suggesting more lessening of demand for the housing sector.read more...


Citi's CFO: More 'substantial' write-downs in 2nd quarter  Citigroup Inc.'s chief financial officer on Thursday warned that the nation's largest bank by assets would suffer more ''substantial'' write-downs on debt investments in the second quarter.read more...


Permits and License Limits  When is a building permit required? The law states that a building permit is required for any project that is structural in nature, or ANY project exceeding $5,000 in cost

October 31st, 2007

Mortgage counselors face skyrocketing workloads amid credit crisis

“A lot of individuals who choose this profession do it from the heart and have a desire to help people overcome the crisis”

It was one of Zach Urban’s most trying days as a housing counselor: A woman arrived on his doorstep so distraught over the thought of losing her townhome he feared she might harm herself. via San Jose Mercury News



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