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  2. Interesting
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Interesting

Mortgages Tailored to Islamic Home Buyers

A few years ago, an Islamic home buyer would have found it almost impossible to get a mortgage compliant with Islam’s sharia law, which prevents the faithful from paying interest. Today, sharia-compliant loans are a growing market. In a report last month, credit-rating agency Moody’s Investors Service said the global Islamic finance market has increased […]

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10 Fastest Growing U.S. Cities

The fast-growing areas in the United States are in the Sunbelt, with Texas leading the way, according to data released today by the U.S. Census Bureau. Dallas-Fort Worth added more than 162,000 residents between July 2006 and July 2007, more than any other metro area. Three other Texas cities — Houston, Austin, and San Antonio […]

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These Cities Are Made for Walking

Daily Real Estate News   Foot experts at the American Podiatric Medical Association have chosen the best and worst walking cities in American. More than 500 U.S. cities were evaluated and ranked on 14 walking criteria, including the percentage of adults who walk to work and the number of parks per square mile. Here are the […]

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Remodeling Becomes Status Symbol

Daily Real Estate News  At the height of the real estate boom in 2005, Americans spent more than $180 billion on home renovations, according to Harvard’s Joint Center for Housing Studies. Nationwide, according to the Harvard researchers, renovation expenditures fell an estimated 2.3 percent in 2007 and will continue to decline in 2008. But in […]

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Lenders Find Owners Late on Payments

Daily Real Estate News  |   February 25, 2008 Mortgage lenders are going door-to-door in some parts of the country to track down borrowers who are behind on their payments and help them work out a solution. The bottom line is the average foreclosure costs more than $50,000. It is cheaper and easier to lower the borrower’s […]

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Man Robs Bank After Foreclosure

A masked gunman held up an Athens, Ga., bank on Thursday, saying that he was only getting his money back after the lender had foreclosed on his home. The man entered Regions Bank wearing a black ski mask and pointed a handgun at a teller and said, “You took my house, now I’m going to […]

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Declining Dollar Hurts Expat Renters

Daily Real Estate News  |   February 21, 2008 The declining dollar is making it more expensive for Americans to rent homes in the centers of world commerce. Rent for a two-bedroom, unfurnished apartment in a neighborhood that residents consider good, but not premium, has escalated about 3 percent to 6 percent in the last year while […]

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FICO Scoring System Gets Redesign

Fair Isaac Corp., the company that devised the ubiquitous FICO credit scores, announced this week that it plans to roll out a suite of tools designed to predict future default risk. Fair Isaac says the new products will predict how lenders can offer even more debt to consumers without taking on undue risk. The update […]

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Developer Sues Real Estate Pro Over Blog

Miami developer Tibor Hollo has sued a real estate practitioner for $25 million, after the practitioner blogged that the developer went bankrupt in the 1980s and is facing financial difficulties in the current downturn. Hollo filed the lawsuit against the firm Esslinger-Wooten-Maxwell and its associate Lucas Lechuga, alleging libel and defamation against him and his […]

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