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"A very large proportion of distressed home sales are taking place at discounted prices compared to more normal conditions a year ago," said NAR President Charles McMillan, a Dallas real estate broker.
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Howard Bancorp, Inc. (Nasdaq: HBMD – Free Report), headquartered in Ellicott City, MD, is a bank holding company for Howard Bank, providing various commercial banking, mortgage banking.
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You may have purchased your home to own it, but if you borrowed money to purchase your home, then your lender also “owns” part of the property until you pay off your mortgage in full. Home equity is.
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