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ProsUSA exec sees growing demand from foreign buyers

By Inman News, Thursday, December 29, 2011.
Image via <a href="http://www.shutterstock.com/gallery-142054p1.html">SVLuma</a>/<a href="http://www.shutterstock.com">Shutterstock</a>

Real estate agents and brokers take note: investment property will see rapid growth in 2012, especially from foreign buyers, according to Professionals Realty Group USA President Glenn Melton.

Melton believes that the Chinese government's recent relaxation of restrictions on investing capital outside of the country "will create an influx of Chinese investment capital overseas."  more...

Homebuilder has plan for distressed borrowers

By Steve Bergsman, Thursday, December 29, 2011.
Image via <a href="http://www.shutterstock.com/gallery-209470p1.html">deepblue-photographer</a>/<a href="http://www.shutterstock.com">Shutterstock</a>

This past October, the Obama administration proposed a new plan to help distraught homeowners. The key to the new proposal was to get lower-interest mortgages into the hands of folks living in devalued homes.

The proposal was not without withering criticism, most of it from pundits who don't believe the plan gets to the root of the housing market problem: underwater mortgages.  more...

Alternatives to suing over real estate dispute

By Tara-Nicholle Nelson, Thursday, December 29, 2011.
Image via <a href="http://www.shutterstock.com/gallery-54820p1.html">Scott Maxwell / LuMaxArt</a>/<a href="http://www.shutterstock.com">Shutterstock</a>

Q: My husband and I (residents of Utah) are close to making an offer on a condo in California. It is disturbing that in the California Residential Purchase Agreement it requires that we agree to resolution and then to binding arbitration. "You are giving up any rights you might possess to have the dispute litigated in a court or jury trial." My temptation is to X it out, but it's part of the standard form used by Californians. What would you advise your clients to do?

A: As an attorney, it's sometimes surprising to me how much anxiety and stress consumers experience around alternative dispute resolution (ADR) clauses, especially because the intent of such clauses is generally to minimize the cost and angst of a legal dispute. While you should certainly obtain your own attorney's personalized opinion and advice that accounts for your own circumstances and exposure, I'm happy to provide my two cents.  more...

2 best ways to boost home's energy efficiency

By Arrol Gellner, Thursday, December 29, 2011.
Image via <a href="http://www.shutterstock.com/gallery-57225p1.html">V. J. Matthew </a>/<a href="http://www.shutterstock.com">Shutterstock</a>

Even in these days of belt tightening, installing replacement windows remains a virtual mania among homeowners. Take a walk through any suburb built before 1980, and you may find that half the houses no longer have their original windows. Alas, the usual replacements -- extruded PVC or "vinyl" windows -- are dismayingly easy to spot, what with their wavy, cellophane-like glass and glaring white plastic frames.

Considering the impact window replacement can have on your home's appearance, it shouldn't be taken lightly. To wit: The last big window-replacement fad happened during the 1960s, when that era's perceived "modern" upgrade -- sliding aluminum windows -- were retrofitted to countless traditional homes, from Victorians to bungalows. The aesthetic fallout from this campaign is still painfully obvious in many old neighborhoods.  more...

With the right mindset, 2012 can be your best year ever Premium Content

By Bernice Ross, Thursday, December 29, 2011.
Image via <a href="http://www.shutterstock.com/gallery-173179p1.html">psamtik </a>/<a href="http://www.shutterstock.com">Shutterstock</a>

What does it take to have your best year ever even when the market continues to be tough? Here are two simple strategies you can implement now to make 2012 your most profitable year ever.

1. Reset your mindset

The No. 1 influence on your success is your mindset. Daniel Amen in his book, "Making a Good Brain Great," identifies what he calls "ANTs," which stands for automatic negative thoughts. Everyone has these thoughts that can keep us stuck rather than moving forward.  more...

Better heating vent placement: floor or ceiling?

By Paul Bianchina, Thursday, December 29, 2011.
Image via <a href="http://www.shutterstock.com/gallery-740767p1.html">oleg_begizov </a>/<a href="http://www.shutterstock.com">Shutterstock</a>

Q: My 36-year-old home has a gas furnace and floor vents. Unfortunately, several of these vents are rusting underground. My furnace guy tells me that here in Oklahoma floor vents are no longer allowed in new homes; they all use ceiling vents. He suggests that instead of repairing the current vents, when I replace the furnace I should have ceiling vents put in. (The furnace is about 19 years old.) He also says that if I were to sell my home I would need to put in ceiling vents or repair the floor vents.

Ceiling vents seem counterintuitive. Why would I want the heat to come in overhead when heat rises? What do you recommend? --Pat H.  more...

3 steps to resolve a noise complaint

By Robert Griswold, Thursday, December 29, 2011.
Image via <a href="http://www.shutterstock.com/gallery-65904p1.html">Sebastian Kaulitzki </a>/<a href="http://www.shutterstock.com">Shutterstock</a>

Q: I live in an apartment community that is very large. Recently there has been a rather heated discussion between tenants and management over noise complaints. The heart of the issue is determining who is responsible for notifying the tenant causing the noise problem or disturbance, and I wanted your opinion.

Here is one recent experience that I had with the tenants that live downstairs from me. The tenant had friends over and the noise level was loud and lasted until 3 a.m. I work full time while these people are on government assistance and have all day to sleep in. I've tried calling the apartment community security or courtesy patrol, but they either don't respond or come two hours later when it's over.  more...

New Year's resolutions rarely stick Premium Content

By Alisha Alway Braatz, Thursday, December 29, 2011.
"New Year Resolutions -- Till They Melt," Puck Magazine, January 1913, image via <a href="http://www.loc.gov/pictures/resource/ppmsca.27906/">Library of Congress</a>.

A New Year's resolution is usually a spur-of-the-moment thing for me.

Somebody asks what I'm giving up or changing for the New Year, and I'll just blurt something out like, "Cut back on coffee" or "Take a cooking class."

The truth is, that 2012 will find me making toast to dip in my cappuccino, just like last year. I have no intention of cutting out coffee.  more...

GoPaperless Solutions offers iPad app

By Inman News, Thursday, December 29, 2011.
Image via <a href="http://www.shutterstock.com/gallery-757738p1.html">David Castillo Dominici</a>/<a href="http://www.shutterstock.com">Shutterstock</a>

Escondido, Calif.-based GoPaperless Solutions, Inc. has released its eSignDashboard iPad app for document management with electronic signature, annotation, sharing, and syncing capabilities.

The cloud-centric app allows agents to synchronize updates of electronic documents across multiple devices including computers, tablets, and smartphone.

   more...

Pending home sales jump Premium Content

By Inman News, Thursday, December 29, 2011.
Image via <a href="http://www.shutterstock.com/gallery-50988p1.html">karen roach</a>/<a href="http://www.shutterstock.com">Shutterstock</a>

A monthly index that tracks pending sales of U.S. existing homes rose to its highest level in 19 months in November, according to a report released today from the National Association of Realtors.  more...

Mortgage rates rebound from all-time lows

By Inman News, Thursday, December 29, 2011.
Image via <a href="http://www.shutterstock.com/gallery-291655p1.html">Reji</a>/<a href="http://www.shutterstock.com">Shutterstock</a>

Mortgage rates surveyed by Freddie Mac bounced back from historic lows this week, but aren't expected to soar in the New Year.

Rates on 30-year fixed-rate mortgages averaged 3.95 percent with an average 0.7 point for the week ending Dec. 29. That's up from 3.91 percent last week -- an all-time low in records dating to 1971 -- but still well below the 2011 high of 5.05 percent seen in February.  more...

2012 is make or break Premium Content

By Lou Barnes, Thursday, December 29, 2011.
Image via <a href="http://www.shutterstock.com/gallery-6748p1.html">charles taylor</a>/<a href="http://www.shutterstock.com">Shutterstock</a>

A new year begins next week, and it is time for my annual dodge. Peter Drucker, one of the world's few worthwhile business theorists: "Nobody can predict the future. The idea is to have a good grasp of the present."

This year, no flinching. Why such foolish courage? In more than one econo-political arena we have dithered and fiddled so long that something is going to happen, and all I have to do is guess what. In order from easiest to hardest ...  more...

Feds warn FHA lenders on FICO scores Premium Content

By Ken Harney, Thursday, December 29, 2011.
Image via <a href="http://www.shutterstock.com/gallery-52861p1.html">Michael D Brown</a>/<a href="http://www.shutterstock.com">Shutterstock</a>

Will qualified homebuyers who have credit scores below 620 be able to get an FHA mortgage in 2012? Or are many lenders still maintaining arbitrary FICO cutoff scores of 620 to 640, despite the fact that FHA itself accepts scores down to 500?

These are important, ongoing questions at HUD, where acting FHA commissioner Carol Galante told me last week that "we remain concerned that some lenders" are rejecting applicants "solely on the basis of (their) credit score," which has the potential to violate the federal Fair Housing Act.  more...

FHA will keep funding flips

By Inman News, Wednesday, December 28, 2011.
Image via <a href="http://www.shutterstock.com/gallery-415p1.html">Theresa Martinez </a>/<a href="http://www.shutterstock.com">Shutterstock</a>

For the second year in a row, the Federal Housing Administration is extending a temporary waiver of its "anti-flipping" rule, meaning homebuyers relying on FHA-insured financing will continue to be able to buy homes that have changed hands in the last 90 days.

The waiver is a boon for investors seeking to rehab and flip properties, because it expands the pool of eligible borrowers to include those relying on FHA-backed loans, popular with first-time homebuyers and others who lack the cash to make large down payments.  more...

Top 10 real estate tech trends for 2012 Premium Content

By Tom Flanagan, Wednesday, December 28, 2011.
Image via <a href="http://www.shutterstock.com/gallery-318136p1.html">Aromant</a>/<a href="http://www.shutterstock.com">Shutterstock</a>

Technology changes so fast it's impossible to predict what will actually happen in 2012. However, it's always fun to analyze the data, look at trends and observe consumer behavior. The real estate industry will certainly continue to wrestle with issues such as data and syndication. Daily deals will come and go, and open source applications will have their place in our business, especially WordPress.

Here are my top 10 real estate tech trends for 2012:  more...

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