HUD Dollar Homes | Understanding the Dollar Homes Program (2018)

Many people have heard of the HUD Dollar Homes program and are understandably interested in what it could mean for them. After all, everyone wants to find a bargain on the home of their dreams.

This program is run by the Department of Housing and Urban Development (HUD) and features homes that were once for sale through the HUD Homestore. All of the properties listed on this government website are foreclosed homes that once had an FHA mortgage.

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HUD Dollar Homes
In a Federal Housing Administration (FHA) loan, the federal government agrees to back a portion of the loan for a private lender.

The lender will want to recoup the money they lose if a homeowner decides to stop making their monthly mortgage payments.

Many of these lenders will turn

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METALS-Copper prices under pressure from inventories and dollar

(Updates with official prices)

LONDON, Sept 29 (Reuters) – Copper eased on Tuesday as inventories in London Metal Exchange registered warehouses jumped and the dollar’s recent gains weighed on prices as the market waited for key manufacturing data from top consumer China.

Benchmark copper on the LME was down 0.2% at $6,558 a tonne in official rings. Prices of the metal used widely in power and construction are down nearly 5% since hitting a 27-month high at $6,877.50 earlier this month.

“The higher dollar persuaded some funds to take profits on long copper positions and the deliveries (of copper to LME warehouses) reinforced the selling,” a copper trader said.

DOLLAR: A higher U.S. currency makes dollar-denominated metals more expensive for consumers using other currencies, which could subdue demand.

This relationship is used by funds that trade using buy and sell signals generated by numerical models.

DATA: Surveys of purchasing managers

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California dreamin’: A peak inside homes with one of SoCal’s newest million dollar views

PACIFIC PALISADES (KABC) — A home with an ocean view sounds wonderful if you can afford it; for many it is part of the California dream. Now there are a few more residences on the market in a new development in Pacific Palisades. One Coast is a development that features 53 luxury residences with ocean views at the iconic intersection of Sunset Blvd. and Pacific Coast Highway. Bree Long, senior vice president, sales and marketing for etco homes, says there is a certain type of buyer for these homes.

“They are primarily driven by the view experience and wanting to have that feeling when they wake up in the morning that they’ve arrived,” said Long.

That view is going to cost you. Prices for the townhomes at One Coast start at over $2 million. Ecto homes says it’s one of the few new building locations with ocean views still available

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A 1794 silver dollar sold for $10 million in 2013. Now the “Flowing Hair” coin is up for auction again.

Written by Simret Aklilu, CNN

A rare 1794 silver dollar believed to be one of the first — if not the first — to be struck by the US Mint is going up for sale.

Dubbed the “Flowing Hair” dollar, the coin features a portrait of Lady Liberty on one side and an eagle on the other.

The last time it was up for auction, in 2013, it sold for $10 million — surpassing the world record for the most ever paid for a rare coin.

“This is a dream coin — a priceless artifact that I have been proud to own, and I’m very sorry to see it go,” Bruce Morelan, who owns the rare 1794 silver dollar, told CNN.

Morelan, a collector who is putting an assortment of historic coins valued at about $20 million up for auction alongside the silver dollar, added that, “It’s time to move

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