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LAMCO Offers Specialized Teams for REO Liquidation

Lenders Asset Management Corporation (LAMCO), a nationwide default asset management company headquartered in Littleton, Colorado, is offering dedicated teams to handle each account as part of its LAMCO REO Liquidation Management Process.

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Existing-Home Sales Record Another Big Gain as Inventories Shrink

Driven largely by the federal government's first-time homebuyer tax credit, existing-home sales showed another big gain in October, establishing a strong uptrend over the past seven months, while inventories continue to decline, the National Association of Realtors (NAR) reported Monday.

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Office Vacancy Rates Mount in Phoenix

Employment losses in Phoenix are beginning to lessen, but vacancy rates in office buildings will continue to rise in 2010, according to the fourth quarter Office Research Report by Marcus & Millichap.

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Mortgage Fraud Criminal Sentenced to 57 Months in Prison

After being convicted by a jury on August 6, 2009 of two counts of mail fraud and one count of wire fraud, Godwin Asifo of Woodbridge, Virginia, was sentenced on Friday by United States District Judge Claude M. Hilton to 57 months in prison and three years of supervised release.

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Home Sales Soar in Illinois

A combination of record low mortgage interest rates, affordable home prices, and the first-time homebuyer tax credit have created a buyers's market, resulting in a double-digit jump in October home sales in Illinois.

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