Greenspan wary of mortgages / Easier terms raise prices, create froth: “Washington — Federal Reserve Chairman Alan Greenspan warned Thursday that new, liberal kinds of mortgages are helping to drive up home prices and fueling the danger of a sharp price decline. Greenspan said low-interest-rate mortgages also are contributing to ‘froth in some local markets.’ [...]
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Interest-Only Mortgages All the Craze: “Once a frustrated renter, Chris Economou is now a happy homeowner, enjoying a splendid view of San Francisco and an $80,000 increase in his property’s value since he bought the one-bedroom condominium for $435,000 a year ago. He credits his good fortune to an interest-only mortgage, an increasingly popular — [...]
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Selling house at a loss could have nasty tax implications: “Everyone knows residential real estate is a wonderful tax shelter. What’s less well known are some of the tax disadvantages that can bite homeowners when they sell at a loss or wind up losing a house that is worth less than they owe on it. [...]
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Change in tele-entry system: With the new system (new keypad at complex front entry gate), press 9 on your phone when called to open the gate. Next HOA board meeting: Wednesday, June 8, 2005 at 7:30 PM. 111 Mission Drive. Do you have news to publish? Send it to me!
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Web tours a boon for burglars: “Thanks to the Internet, people selling homes may be more likely to be ripped off than ever before. I wrote last week how open houses and showings can lead to thefts, and how the problem may be more widespread than most people realize. A number of real estate agents [...]
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