Real Estate Headlines for Thursday, January 29, 2015
Q: What Are Mortgage Credit Certificates?

A: A mortgage credit certificate, or MCC, makes it easier for eligible buyers to qualify for a mortgage loan.  Offered by many city and county governments, they allow first-time buyers to take advantage of a special federal income tax write-off. &...

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Building in Radon Resistant Features

Looking beyond what may seem like a "band-aid" tactic of testing for radon, I went looking for information about how the building industry is responding to radon risks.


According to the U.S. Environmental Protection Agency, man...

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Other Recent Real Estate Headlines
Word of the Day

Earnest money deposit.  Money that accompanies an offer to purchase as evidence of good faith.  It is almost always a personal check, certified check, or money order rather than cash.

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Q: What Is Amortization and Negative Amortization?

A: When you amortize a loan you basically pay off the principal by making regular installment payments.  This typically takes place gradually over several years.

Negative amortization is when the mortgage payment is smaller than the inte...

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Q: What Is a Wraparound Loan?

A: Also called an all-inclusive mortgage, it is where a new home loan is placed in a subordinate or secondary position to the original mortgage and the new loan includes the unpaid balance of the first.

The wraparound allows the buyer to purc...

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Word of the Day

Inspection. The act of physically examining and testing a piece of property to ascertain certain information.

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Radon Month Reminder Comes This Time Every Year

I reached out to all homeowners and consumers every January during Radon Action Awareness Month, to bring you up to speed on this possible hidden health risk to you and your family.

Regardless of where you live, the absence of any related cas...

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Word of the Day

Escheat. Reversion of property to the state when the owner dies without leaving a will and has no heirs to whom the property may pass.  

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Q: What Is a Bridge Loan?

A: It is a short-term bank loan of the equity in the home you are selling.  You may take out a bridge loan, or interim financing, to help with a knotty situation: closing on the home you are buying before you close on the property you are selling....

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Hot Home Tech: Get along Great with This 'Roomie'

As always, January brings one of my most anticipated events of the year - the global consumer products exposition simply referred to as CES.

In this segment, we'll start taking a look at some of the innovations that will begin finding the...

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