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A large number of people are planning to shift abroad due to slow-moving job market. There are different countries which offer good lifestyle and better job market compared to one's own country and thus there is no harm in moving abroad. However, before leaving the home country, it's better to take a stock of the financial implications that it will bring.

Here are 5 financial tips which you can take into consideration before you plan to live abroad:

Selling a house can be a gruelling task in the present market. Things can be more difficult for first-time sellers who have never been through the process before. They should keep few things in mind when they are planning to sell off their property.

Here are 5 tips which may help first time home sellers to sell off their property easily:

As per a recent survey by Trulia Inc. and RealtyTrac Inc., the real estate/housing market won't recover until 2014. The survey took place in the month of April and the respondents were the homeowners and renters based at different states.

In a recent development, some of the top US mortgage servicers, including JP Morgan and Bank of America, have decided to pay $5 billion so that they can settle the ongoing foreclosure probe by the state and the federal government against them.

Florida launched a billion-dollar mortgage bailout program during mid-April, 2011. It was the last state slated to get the Hardest Hit Funds. This bail-out program is mainly aimed for the unemployed homeowners. It is solely based on the hope that those who get this help will find jobs within the next six months.

Credit card debts can create havoc in our lives and may ultimately lead to bankruptcy filing. In order to avoid such a situation, balance transfer method can be very effective. In this process, the balance amount in all the credit cards are transferred to a card which has a low interest rate. However, there are certain things that you should remember about balance transfers. Let's take a look at them:

Home equity is the difference between the property value and what you owe on your mortgage. For example, if your property value is $2,50,000 and your mortgage balance is $1,50,000, then it means that you've a equity of $1,00,000 in your property. As you pay off the mortgage every month, your home equity will get increased.

In a recent announcement, the IRS has announced that it will reduce the number of liens that it would place on property which are owned by people who are unable to pay their taxes. The IRS will also make it easier for taxpayers to get their existing liens withdrawn.

The year 2011 is already 2 months old now. Many of us have taken a resolution of building up some wealth this year. Most of us now agree that it is very important to get rid of our debt and increase our income or build some financial security.

Here are 5 ways in which you'll be able to build up your credit:

The Treasury and the Department of Housing and Development have finally come up with some straight talk regarding the mortgage system of the nation. The Obama Administration has finally gone on record to say that Fannie Mae and Freddie Mac should go out of the mortgage business. As per the Obama Administration's proposals, Fannie Mae and Freddie Mac should wind down within the next five to seven years.

How will it affect our lives?