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Opening the tap on home equity (Austin American-Statesman)
Borrow before credit line is frozen, some suggest. Many homeowners who have taken out home equity lines of credit have learned in recent months that these loans are not as useful as they initially seemed.
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Hurst man with cancer still fighting today's planned foreclosure of home (Fort Worth Star-Telegram)
A Hurst man with cancer has filed court papers trying to stop today's planned foreclosure of his home.
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Mortgage Refinance Applications Soar As Rates Fall (Nasdaq)
NEW YORK -(Dow Jones)- Applications to refinance mortgages soared last week as interest rates dipped by almost 1 percentage point after the Federal Reserve announced that it would purchase billions in mortgage related debt.
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Reverse mortgages a lifeline for seniors (San Diego Union-Tribune)
Seniors traditionally have used reverse mortgages to maintain their standard of living in retirement by tapping into their home equity, but older homeowners increasingly are using the loans to avoid sliding into foreclosure.
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Opposition agrees to coalition with Dion as PM (CTV Winnipeg)
In a historic political move, the leaders of the Liberals, NDP and the Bloc Quebecois signed a formal agreement Monday to topple the Tories and co-operate as a coalition government for at least 18 months.
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Pros and cons of home-equity loans (Seattle Times)
A once-easy source of money for homeowners is now being cut back or frozen by lenders. Here are some pros and cons to taking out all you can from your home-equity loan now and putting it in a safe place in case you need it later.
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Nowadays, the bank says what a house is worth (San Francisco Chronicle)
It used to be a market mantra: A house is worth only as much as a buyer is willing to pay. But given today's bank failures, foreclosures and tightened credit, real estate experts have had to modify the aphorism to reflect harsher realities. "A house is only...
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Council approves loan (Thief River Falls Times)
The Thief River Falls City Council has approved a $200,000 loan for a future apartment complex on the west side of Thief River Falls. The approval came during the council’s Nov. 18 meeting.
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CENTRAL NY BUSINESS NEWS (The Post-Standard)
• Cerberus: Daimler misled us Detroit - Relations between Chrysler's current and former owners turned ugly Wednesday when private equity firm Cerberus Capital Management LP accused Daimler AG of "intentionally and materially" misleading Cerberus before the German automaker sold Chrysler last year.
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Homeowners say no help from lenders (Pleasanton Tri-Valley Herald)
Borrowers say lenders like Countrywide and Wachovia aren't helpful at all when it comes to restructuring loans and warding off foreclosure.
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