March 2012 Issue

THE LONG & SHORT OF SHORT SALES
Florida mortgage broker, Ken Gandy, recalls that even one year ago, not many real-estate professionals wanted to deal with short sales.  These transactions, which occur when the seller and buyer agree to a price lower than what the seller needs to pay off the mortgage, require a lot of time and patience.
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REAL ESTATE AGENTS ALSO ARE FEELING
THE MARKET CRUNCH
It may be said that one of the best side effects of the housing downturn is it made a lot of work for statisticians.
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RETIREES’ MONEY MISTAKES: 6 PERENNIAL PITFALLS
The only mistakes to regret in life are those that could have been prevented.  While all of us navigate the world of economic uncertainly, there are some fundamental principles that still hold.  Keep them in mind, and you will avoid the common mistakes that retirees make with their finances.
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PROFIT, RISK, LOSS: UPDATE
Opening a new business is always a risky venture, but in a tough economy, it can be especially daunting with so many unanswered questions and the need to adopt a watch and wait approach.  New business owners always hope their visions are met with enthusiasm from the community, a steady stream of customers, a decent profit, and the opportunity to see their businesses grow.
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