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The phrase "absentee landlord" in a homeowner association context conjures up images of the "tenant from hell" and an owner who could care less. However, generally speaking, both the landlord and tenant want the highest and best returns on their investments. What benefits the homeowner association will also benefit them.
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If you are like most Americans, your largest asset may very well be your real estate holdings, whether they be a primary residence or rental properties. In fact, for many homeowners along the coasts, their income is made through the sale and rental of coastal properties.
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California struck gold, receiving the biggest chunk of a special $1.5 billion federal fund pie for programs that target struggling homeowners in states hardest hit by the housing crash.
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Shakespeare had it wrong when he penned this advice in Hamlet: "Neither a borrower nor a lender be; For loan oft loses both itself and friend, And borrowing dulls the edge of husbandry." Perhaps he may be forgiven for his error, however, since Shakespeare suffered from a lack of the tremendous benefits of a truly self-directed IRA.
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There will come a time during your home buying process when you'll need to do a final walk-through of the home before closing.
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On June 30, 2010 Fannie Mae issued announcement SEL-2010-09, "Selling Guide Updates and Additional Guidance on Appraisal-Related Policies."
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