Reverse mortgage ‘danger signals’ - 2005-05-27
With Reverse Mortgages becoming more popular, the misuse of these loans also grows. Be on the lookout for these ‘Danger Signals’:

1. The mortgage lender is not licensed or doesn’t have a plan approved by the Massachusetts Division of Banks

2. You’re getting counseling only from the lender

3. Counseling is done just before, or at the closing
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Sizzling real estate market sets record in sales and price - 2005-05-27
Existing homes were sold in April at the quickest pace in history as the nation's red-hot housing market just kept getting hotter.

The National Association of Realtors revealed Tuesday that existing single-family homes and condominiums were sold at a seasonally adjusted rate of 7.18 million units last month, a gain of 4.5 percent from a revised March sales pace of 6.87 million units.
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