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Jeez! No kidding, Einstein! Foreclosures Hurt Your Health, Study Says Daily Real Estate News | Friday, September 02, 2011 The higher the foreclosure rates, the more risks to your community's health, posits a new study. The increasing number of foreclosures in Arizona, California, Florida, and New Jersey were found to coincide with a rise of stress-related health problems in those states, finds new research by Janet Currie of Princeton University and Erdal Tekin of Georgia State University. The researchers, who examined hospital-visit numbers and foreclosure rates for ZIP codes across the country, found that areas in the top fifth of foreclosure activity had more than double the number of hospital visits for preventable conditions--which generally don't require hospitalization--than the areas in the bottom fifth of foreclosure activity. Researchers found that an increase of 100 foreclosures coincided with a 7.2 percent increase in emergency room visits and hospitalizations for hype...
As everyone knows, home values have significantly decreased in the past 5 years. Short sales and foreclosures have greatly affected values. So how do you compete to get your home noticed and under contract? Offer buyer incentives. Here are 4 great tactics from Trulia.com. 1. Offer the buyer an interest rate buy down. What that means is the seller offers to pay points to the buyer's lender at closing to buy down the interest rate on the buyer's mortgage. What buyer doesn't want a lower interest rate? This also helps take away some of the buyer's stress of locking in a rate which can make a buyer hesitate to buy. An interest rate buy down also saves buyer's money throughout the life time of the loan because their payments are lower. Additionally, the seller paid points are usually tax deductible for the buyer. 2. Give the buyer a closing cost credit to help pay closing costs. Many buyers are having to scrape together higher down payments. Closing costs to the buye...
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