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June 19, 2010

$80 to Mow a Lawn. In Phoenix

Green Gold? Interesting article in the Sunday NYT about the spiraling cost of bailing out Fannie Mae and Freddie Mac. The article profiles one Phoenix-area Realtor in particular, who sold homes at the peak, and now sells them for Fannie and Freddie after they’ve repossessed them (albeit at dramatically lower prices). But here’s the line...
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"Don’t Buy That New Car/Boat/etc. Till AFTER You Close"

New Fannie Mae Credit Check Planning on a(nother) major purchase, but haven’t closed on your home yet? Better hold off. That’s because Fannie Mae has just announced plans to pull Buyers’ credit a second time — this time, up until 5 days before closing (credit check number one is when the Buyer initially applies for...
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"Service Minus" Plan

Covered by a Home Warranty? Don’t Be So Sure It’s supposed to be the CenterPoint Energy “Service Plus” Plan: a home warranty that covers some (or all) of the appliances in a home, depending on what coverage the homeowner selects (and corresponding monthly premium they pay). However, depending on the age and make of the...
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