Binding contract require 3 elements
Q:I had a few acres of rural property that I put on the market. I received an acceptable offer along with a deposit. Before the closing, the buyer withdrew the offer for a reason that was not listed on the contract. The buyer's Realtor requested the deposit...
Read more News Source - San Francisco Chronicle
Publish date - 08:47:41 01/04/09

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IndyMac deal slowed by Fannie mortgage issues-source
WASHINGTON, Jan 2 (Reuters) - The pending sale of failed mortgage lender IndyMac hit a snag as mortgage giant Fannie Mae negotiates with federal regulators over the value of about $1 billion in obligations it believes IndyMac owes it, according to a source familiar with the matter.
Read more News Source - The Forex Market
Publish date - 16:23:56 01/02/09

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Fannie:IndyMac has $1 bln in mortgage obligations-WSJ
Jan 2 (Reuters) - Fannie Mae, the largest U.S. home funding company, believes that failed mortgage lender IndyMac has obligations to repurchase around $1 billion of home mortgages that failed to meet Fannie's standards, the Wall Street Journal said, citing people familiar with the situation.
Read more News Source - The Forex Market
Publish date - 06:23:06 01/02/09

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Banking and Financial
The financial markets crisis has brought renewed focus to Material Adverse Change (MAC), or Material Adverse Effect (MAE), clauses. MAC or MAE clauses are present in virtually all merger and stock purchase agreements and are often a central feature in negotiations between the parties.
Read more News Source - Mondaq
Publish date - 17:30:34 01/05/09

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House price predictions for 2009
Those of a nervous disposition should look away now. If you are feeling strong enough, however, visit the Nationwide’s website and click on the “house price index” link. Thought you were sitting pretty on a £750,000 property in the home counties? Not any more.
Read more News Source - Times Online
Publish date - 12:50:00 01/05/09

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Home owned by elections official appears headed to auction
ELYRIA — Unless an 11th hour sale of his home is approved by banking officials, county Board of Elections Director Jose Candelario Jr. could soon find his Lorain home on the auction block. A mortgage lending company first sought to foreclose on the Osborn Avenue home in February 2008. After months of talks, Candelario’s attorney, R.J. [...]
Read more News Source - The Elyria Chronicle-Telegram
Publish date - 08:09:30 01/03/09

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The weekend Wall Street died
It was unlike anything Wall Street had ever seen: In past crises, its bosses had banded together to save their way of life. This time, the financial hole they had dug for themselves was too deep. It was every man for himself.
Read more News Source - The Post and Courier
Publish date - 05:44:01 01/04/09

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If you have to sell, do your homework before listing your house
By the time the dust settles, one thing will be clear: 2008 will be a year most homesellers, homeowners and lenders will want to forget.
Read more News Source - Baltimore Sun
Publish date - 08:47:46 01/04/09

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Economic downturn, budget woes top news in 2008
Editor’s Note: As each year winds to a close, The Inquirer and Mirror chooses the top news stories and newsmakers that impacted the lives of those who call Nantucket home, be it year-round or only for a brief time.
Read more News Source - The Inquirer and Mirror
Publish date - 13:51:09 01/02/09

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Real Estate Matters: 2009 Resolutions
By the time the dust settles, one thing will be clear: 2008 was a year most home sellers, homeowners and lenders will want to forget.
Read more News Source - Washington Post
Publish date - 08:23:48 01/06/09

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