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Area homeowners facing foreclosure are getting help

The current mortgage has created unbearable stress and devastating consequences for many homeowners in our area. Unbelievably, seven out of ten homeowners who default and go into foreclosure do not even take any action to avoid foreclosure and the dire consequences that result. This only compounds the tragedy, making a sad solution much worse. An increasing number of homeowners, however, are taking the steps to protect their familys' futures.

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Avoiding Foreclosure to Protect Your Future

In today's market, chances are you or someone you know is having trouble making the mortgage payment each month. Facing the possibility of foreclosure is an overwhelming reality for homeowners already feeling the pressure of an unside-down mortgage. Homeowners in this situation can minimize the damage and protect their futures by getting profession help.

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The Truth About Mortgage Modifications

More than 1 in 8 homeowners are upside-down on the mortgage and don't know what to do. The search for a solution can be filled with misinformation and fraud, and often adds more frustration to this difficult situation. If you or someone you know is among the many homeowners who owe more money on their home than it's worth, know that there are options available. You need the facts. Attached to this posting is the report "The Truth about Mortgage Modifications" that is an invaluable resource if you or anyone you know is in this situation.

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Great New Home-Search Website Unveiled!

ClevelandHomeFinder.com has been the preferred home-search website for most buyers in the Greater Cleveland area since its inception in 1995. The site was the first in our area to make it easy for the homebuyers to search and automate searches while including every home listed for sale. The site essentially put the buyer in control of the search.

ClevelandHomeFinder.com has been dramatically improved creating the best experience for users not only visually but with easier to use options. Simply logon to www.ClevelandHomeFinder.com to check it out!

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Congress has Extended and Expanded the Homebuyer Tax Credit!!

Congress has voted to extend and expand the Homebuyer Tax Credit. President Obama should sign the bill as soon as it hits his desk. All changes made to the current credit will be made effective that date as well. The current $8,000 tax credit remains in place for buyers who haven't owned a home in the past three years but, in addition, buyers who have owned a home as a principal residence for 5 of the previous 8 years also qualify for a $6,500 tax credit.

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FIRST TIME HOMEBUYER TAX CREDIT EXTENSION GETTING CLOSE TO APPROVAL!!

The first time home buyers tax credit extension is getting very close to being finished. The latest update is that the extension will offer tax credits to home purchases under contract by April 30th, 2010 while allowing another 60 days to close on the sale. The biggest change we see in the newest proposal is that the income levels for the tax credit have increased. The new proposal is individuals up to $125,000 and couples up to $250,000; this is an increase from $75,000 for individuals and $150,000 for couples.

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