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Published 15 March 2020 On March 5, the Federal National Mortgage Corporation, a.k.a. Freddie Mac, announced that the rate for the 30-year, fixed-rate conventional mortgage fell to the lowest level ever recorded in the nearly 50-year history of their weekly survey. The rate for the 15-year mortgage also declined, falling to a point not seen
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Mar 08, 2020 Beware of scammers when selling a timesharePublished 8 March 2020 Selling timeshares without a real estate license is a felony in New Mexico, but that’s not stopping out-of-state scammers from preying on unsuspecting timeshare owners, according to a February 23, 2018 bulletin from the New Mexico Regulation and Licensing Department. Unlicensed solicitors claiming to represent full-service property management, real estate brokerage
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Mar 01, 2020 Slim home inventory sparks Las Cruces bidding wars
Published 1 March 2020 An acute shortage of homes for sale in the Las Cruces-area is frustrating home shoppers in all price ranges, according to a Feb. 24 report from the Las Cruces Association of Realtors. As a result, many buyers are choosing to offer the asking price or more in order to prevail over
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Published 23 February 2020 Most locals are surprised to learn that Doña Ana County and Los Angeles County are roughly the same size — each measuring roughly 4,000 square miles in area. Locals are even more surprised to learn how lucky they are to have so much room to roam compared to their Southern California
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Published 16 February 2020 Not long ago, a Realtor I know had the opportunity to show a listing to a pair of prospective homebuyers who responded to an advertisement. At the conclusion of the showing, the broker inquired about the couple’s current housing situation and buying plans. The duo indicated that they were planning to
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Feb 09, 2020 Plan ahead before selling a rental property
Published 9 February 2020 Editor’s note: This is the second part of a two-part series. Part one was published in last Monday’s issue of the Las Cruces Sun-News. In part one of this two-part series on the importance of planning ahead before selling a rental property, we explored the tax consequences associated with the purchase
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