Tax Credit Extended

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by Robert Prophet on September 3, 2010

There’s some good news for homebuyers. Eligible homebuyers with properties closing anytime up to September 30, 2010 are now allowed the benefit of the homebuyer’s tax credit, worth up to $8,000

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Paradise Designs of San Clemente

August 29, 2010
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Paradise Designs provides all the services you’d expect from a professional landscaping company including: design, construction, maintenance, irrigation, ponds and even putting greens. But there are two things I found on their web site that I would never have thought of had I not seen them…

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How To Spot Common Energy Leaks

August 26, 2010
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You don’t necessarily need a pro to assess your property’s energy deficiencies. With a little elbow grease, you can get a good sense of where your home is leaking hot and cool air.

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Orange County Housing Report:
A Normal End of Summer Cycle

August 23, 2010
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With school starting, many homeowners realize that the best time of year to sell has passed them by. As more and more sellers come to grips with the market realities, expect many of them to throw in the towel and pull their homes off the market.

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10 Signs It’s Been A Tough Year

August 19, 2010
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I don’t post a lot of jokes here on Prophet News but this list got me laughing so I thought I’d pass it along. Here are 10 signs (eleven actually) that 2010 has been a pretty tough year so far. I hope you enjoy it.

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HomePath Mortgage Financing

August 16, 2010
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Wells Fargo now offers FNMA HomePath Mortgage Financing: Fannie Mae has a large inventory of foreclosed homes it is trying to move quickly by offering a 3 percent down payment to qualified buyers who finance with the government-sponsored agency’s HomePath® Mortgage

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Understanding Capital Gains in Real Estate

August 16, 2010
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When you sell a stock, you owe taxes on your gain — the difference between what you paid for the stock and what you sold it for. The same holds true when selling a home but there are some special considerations.

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Closing Documents You Should Keep

August 12, 2010
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On closing day, expect to sign a lot of documents and walk away with a big stack of papers. Here’s a list of the most important documents you should file away for future reference.

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First Time Buyers Maintenance 101

August 8, 2010
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First-time buyers often don’t know much about home maintenance. This guide can help by providing a maintenance schedule that’ll prevent small problems from turning into big headaches.

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Common Closing Costs for Buyers

July 28, 2010
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You’ll likely be responsible for a variety of fees and expenses that you and the seller will have to pay at the time of closing. Your lender must provide a good-faith estimate of all settlement costs. The title company or other entity conducting the closing will tell you the required amount for.

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