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March 2009
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Giving TAR Contracts to Others?

QUESTION:My dad is a builder,and he is purchasing a lot owned by another builder. No agents are involved. Can I print off TAR forms for him to use as a standard land contract?

ANSWER:NO. The TAR forms — including the TAR Offer to Purchase and other forms — are copyrighted and [...]

30-Year Rates Hit Record Low!

With the Federal Reserve planning to purchase another $750 billion in mortgage-backed securities and up to $300 million in Treasuries,Freddie Mac reports a drop in long-term mortgage rates. The average interest on a 30-year loan fell to a 38-YEAR LOW OF 4.85 PERCENT during the week ended March 26 from 4.98 percent the prior [...]