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| What if you're having Realtor trouble?
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| When a real estate transaction turns out badly, a seller or buyer often looks to one of the Realtors involved to blame. Buyer's remorse and simple poor judgement -- buying an investment property at the height of 2004-06 boom -- aside, the region's associations of Realtors have a system to handle ethics complaints or requests for an arbitration hearings.
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| @ Sarasota Herald Tribune
| Posted: 07/13/09 at 0201 EDST
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| The ins and outs of short sales
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| Many of us have now become familiar with the term “short sale” in the context of the current real estate market. For those less familiar, this is a transaction where the seller agrees to sell the property for less than the balance owed on the seller’s mortgage. This is subject to the approval of all lien holders on the property, to the short payoff and release of the lien encumbering the property to enable the seller to deliver clear title to the buyer.
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| @ Bradenton Herald | Posted: 07/13/09 at 0315 EDST
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| Empty storefronts are echo of Hernando County housing boom
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| On the surface, new businesses continue to arrive, albeit at a slower pace than a few years ago. With a new Publix coming on County Line Road, a new Target on Spring Hill Drive, HHGregg taking over the Circuit City building and Five Guys Burgers and Fries opening on Cortez Boulevard, it might seem that all is well. But that's not the case. So why so many empty storefronts? And why now?
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| @ St. Petersburg Times | Posted: 07/13/09 at 0320 EDST
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| Regulators press First National Bank of Central Florida to beef up loan-risk reviews
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| Federal bank regulators and Winter Park-based First National Bank of Central Florida have agreed on a pact requiring the community bank to shore up its flagging real estate loan portfolio amid the recession, the bank said Friday.
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| @ Orlando Sentinel | Posted: 07/13/09 at 0330 EDST
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| Housing price reductions pick up
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| Foreclosures among several factors prompting sellers to adjust
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| @ Chicago Tribune | Posted: 07/13/09 at 0345 EDST
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| Squeeze in lending rules choking condo market
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| More developers seeking FHA approval for easier mortgages
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| @ Chicago Tribune | Posted: 07/13/09 at 0400 EDST
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| U.S. makes $3 billion available for renewable energy
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| The money, from the economic stimulus package, will provide direct payments to companies in lieu of tax credits to support an estimated 5,000 bio-mass, solar, wind and other renewable energy production facilities.
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| @ Reuters | Posted: 07/13/09 at 0415 EDST
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| Big banks stop cashing California IOUs
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| Residents have fewer places to cash in IOUs after large banks stop redeeming them. SEC warns potential buyers and sellers of possible scams.
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| @ Fortune Magazine | Posted: 07/13/09 at 0419 EDST
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| In Japan, Machines for Work and Play Are Idle
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| They may be the most efficient workers in the world. But in the global downturn, they are having a tough time finding jobs. Japan’s legions of robots, the world’s largest fleet of mechanized workers, are being idled as the country suffers its deepest recession in more than a generation as consumers worldwide cut spending on cars and gadgets.
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| @ New York Times | Posted: 07/13/09 at 0646 EDST
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| England's CBI urges shift to nuclear from wind power
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| The CBI wants more help for investment in new nuclear reactors and “clean coal” power stations that can capture and store emissions.
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| @ Financial Times - UK | Posted: 07/13/09 at 0652 EDST
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| Tax policy for better and worse
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| On June 1, a Toronto bylaw came into force that requires city businesses to begin charging 5˘ for single-use plastic bags. While technically not a tax, as the revenues from the bag fee can be kept by the retailer, the imposition of even a small fee has already begun changing consumer behaviour - and not just in Toronto. Montreal-based grocery giant Metro announced that the distribution of single-use grocery bags decreased by 70% at Metro grocery stores across Quebec and Ontario only four weeks after implementing a 5˘ plastic bag charge, while demand for reusable bags has increased by 500%.
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| @ Financial Post - CA | Posted: 07/13/09 at 0655 EDST
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