Monthly Archives: April 2011

Killer Tornadoes Devastate Multiple Areas in South, Take Roof Off Courthouse and Law Firm

A swath of tornadoes described as the worst such storms in nearly 40 years wreaked havoc in the South yesterday, taking the roof off of at least one Alabama courthouse and requiring cancellation of final exams at the University of … Continue reading

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Fed’s Duke says foreclosure crisis impact and solutions vary by city

Data collected by the Federal Reserve suggests the foreclosure crisis is impacting cities nationwide, but the solutions to the cities problems are likely to vary. In other words, a one-size-fits-all strategy will not sort out the foreclosure crisis plaguing  Cleveland, … Continue reading

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Treasury quietly plans for failure to raise debt ceiling

The White House is warning that catastrophe will strike if Congress fails to raise the limit on the national debt: With too little cash to pay creditors, the U.S. government would default. Interest rates would skyrocket. And the economic recovery … Continue reading

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Across the Nation: Lawyers’ role in closings affirmed

The Massachusetts Supreme Judicial Court released a ruling yesterday that requires real estate lawyers to play a key role in residential home closings — a long-awaited decision that could mean stronger legal oversight for home buyers and more business for … Continue reading

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Buyers’ Market? Stressed Sellers Say Not So Fast

Falling home prices should give aspiring homeowners the upper hand this spring, but in a growing number of locations, it doesn’t feel like a buyer’s market. Blame the nearly five-year slide of home prices. Those declines, which accelerated over the … Continue reading

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No Place Like Home For Banks

Just a few years ago, banks in industrial states made ill-fated bets on piping hot markets in Florida and Nevada in search of growth. Now, they are finding it in their own gritty backyards. Banks like Fifth Third Bancorp, M&T … Continue reading

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The status symbols Americans value

Moving up to a larger home became a signpost along the roadway to success. People paid attention to every aspect of the home and keeping up with the Joneses meant making sure your home was just as nice as your … Continue reading

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