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FSBO belongs to the world of real estate wherein the deal is direct between the seller and the buyer without the presence of any middleman or broker. By doing away with the broker the parties avoid paying huge commissions. The broker is generally given 6% of the selling price. It differs from place to place β the range being 5% to 7%.
In the case of the buyer being represented by a broker in the instance of a FSBO unit the commission is paid by the buyer.
In the present foreclosure dominated mood of the market more and more property owners are taking the help of online marketing companies to showpiece their units. The websites of FSBO have become extremely popular and are vital for the selling of houses.
The commercial FSBO websites make available to the public MLS β this being the primary source of information for the realtors. The flat-fee MLS permits the seller to cancel completely the fees for the broker.

Thus selling by owner saves money from commissions. Selling through agents takes time whereas FSBO process leads to quicker deals and time saved is money gained. The buyer becomes cautious when the agent quotes a price because there is doubt that the price has been inflated to cover the cost of the brokerage.
This leads to haggling and ultimately the house might not sell because of the high price tag. The FSBO has an edge over other houses again because the price is less and also because the buyer feels happy to deal directly with the owner. One is in control of the sales and there is less stress and tension. The buyer will prefer to make the deal directly with someone who knows the house best.
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Latest Foreclosure News
The Nightmare of Foreclosures continues to Haunt Americans
A year has passed, million dollars have flowed and foreclosure rates are continuing to climb. In 2006 Ron and Lisa Justice had purchased their house in Perry County. At that time they toasted each other for the great deal without giving a thought to the hurried way in which they were rushed into signing mortgage documents. [...]
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Federal Assistance Programmes for Containing Foreclosures are Failing
There are big gaps in the federal assistance programmes that are failing to contain foreclosures. Too much reliance has been given on the voluntary cooperation of the lender’s group. The instance of Aurora Loan Services refusing modification can be cited as gross violoation of the spirit of the assistance measures initiated by the federal government. A [...]
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It is High Time that Banks Were Forced to Reduce Loans
It is high time that banks were forced to reduce loans. There are some plans galore βto help banks, generate jobs and better the health care system. But plans to help householders facing foreclosures are missing. 2010 is poised to throw out more than million families from their hearth and home. Where is the plan [...]
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Victory for ACORN Spells Hope for Many Foreclosure Victims
Victory for ACORN is spelling hope for many Afro-Asian foreclosure victims. A legal suit had been initiated by Center for Constitutional Rights. Recently Federal Judge Nina Gershon gave the ruling that last September Congress had gone against the constitution by cutting off federal funds due to ACORN. An injunction was issued by her to stop [...]
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Foreclosure: 572,105
Preforeclosure: 584,212
Auctions: 481,519
Broker Listings: 435,445
Total: 2,073,281
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Check below the top 10 US cities in number of foreclosure filings.
- -0,98%
- -5,11%
- 10,78%
- 3,03%
- 19,38%
- 11,71%
- 3,27%
- 5,49%
Top Cities
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Mortgage Rates
| Mortgage Type | Today | Last Week | Change |
| 15 Year Fixed | 4.461% | 4.461% | 0.000% |
| 30 Year Fixed | 5.063% | 5.051% | 0.012% |
| 1 Year ARM | 3.259% | 3.240% | 0.019% |
| 3/1 Year ARM | 3.383% | 3.378% | 0.005% |
| 5/1 Year ARM | 3.395% | 3.399% | -0.004% |







