by hdes.copeland

The Huntington Beach Real Estate Market Today

As of this writing, there are a total of 529 active single-family listings in Huntington Beach.  The average asking price is $ 863,000 and homes remain on the market about 107 days.  As for condominiums, there is a total of 336 currently listed for sale with an average price of $ 406,186 and usually sell within 103 days.

Recent Sales Report for Huntington Beach from 3/21/2011 to the present

For all of Huntington Beach 71 single-family homes were sold. The average sales price was $ 785,073 and sold after 134 days on the market.  The price per square foot comes to $ 368.  With an average of 129 days on the market, 51 condominiums were sold with an average sales price of $ 375,865 and price per square foot of $ 294.  The minimum sales price for the area was $ 145,000 and the maximum was $ 1,175,000.  These sales occurred in the following areas:

Fountain Valley / Northeast HB

In the northeast area of Huntington Beach a total of 3 single-family homes were sold with an average number of 158 days on the market.  The price per square foot in this area is $ 367.  The lowest sales price in this area for this time period was $ 440,000 and the maximum price was $ 509,000.  Only one condominium was sold for $ 248,000.  It was on the market for 247 days and the price per square foot is $ 325.

 Northwest Huntington Beach

In this section of the city 21 homes were sold with an average days on the market of 143.  The average sales price was $ 821,370 and the price per square foot is $ 372.  The highest priced home sold for $ 1,890,000 and the lowest sold for $ 367,000.  A total of 11 condominiums sold in this area for an average price of $ 324,000 and 116 days on the market.  $ 275 is the average price per square foot.

The highest priced home in this area went for $ 633,000 and the lowest was $ 145,000.

 South Huntington Beach

In this part of town the average number of days on the market was 114 and a total of 15 homes were sold for an average of $ 572,773 and $ 338 per square foot.  The most expensive home sold for $ 772,500 and the least expensive home sold for $ 250,000.  Condominiums sold on average within 113 days for an average price of $ 304,759 and a square footage cost of $ 276. The highest priced condo to sell was $ 470,000 and the lowest was $ 230,000.

 
West Huntington Beach

Finally, West Huntington Beach had the most activity with 32 homes and 18 condominiums sold during this time period.  The price per square foot for homes was $ 379 and $ 324 for condominiums.  The average price of a home in this area was $ 890,400 and $ 495,619 for condominiums.  The highest priced home to sell went for $ 1,900,000 and the lowest was $ 385,000.  The highest priced condominium went for $ 1,175,000 and the lowest sold for $ 165,000.

Summary

With this detailed information about sales in the Huntington Beach real estate market you can get a very accurate city-wide picture of prices and values.

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by Daneel Ariantho

Article by Georgette Adanas

The most effective way to find probate leads is the county courthouse. Probate filings are shown in all the area court homes. Probate filings constantly consist of the name of the deceased, the executor, also named administrator and beneficiaries. The executor is ordinarily an attorney. A single of the beneficiaries frequently can take more than the function of the administrator to cut down lawyer costs. Beneficiaries are typically family members, and are the ones who have inherited the home.

In my local industry, we have publications that summarize all court filings in the county court house. These publications also include probates and are good sources of leads. You are probable to have such a publication if you live in a large metro location. You will have less deliver the results simply because you will not will need to go to the courthouse for probate prospects.

Heard the Whispers About How Probate Actual Estate Investing is Like Foreclosure Utilized to Be? Part Two

In the mid ’90s my mums and dads handed gone and I ended up inheriting a residence about 250 miles from where by I lived, and it was for the duration of a single of people trips back and forth that the thought came to me that if another person wished to present me much less than full market place value for my parents’ household, I’d be incredibly interested in listening mainly because I, like most folks, had an incredibly occupied living at that point and I definitely didn’t have to have a different undertaking of that magnitude.

Clearly no one particular came forth and it took me 7 months to promote that residence and quite a few trips back again and forth on the freeway to get there and a lot of time concerned.

Probate Tricks: Safeguard The Estate Property Promptly After Death

In our working experience, the Loved One’s friends and family is most vulnerable to these thefts in the ten days after the death although all of us is however in shock and denial. This is why it is so crucial for the family to take preventive action to safe the decedent’s estate.

Arrangements must be produced for a house-watcher at minimum throughout the funeral. Financial institutions and collectors need to be notified of the death. Regularly it’s a good idea to alter the locks at the household seeing that regularly a lot of persons may well have had access to the home while the decedent lived there. An stock really should be taken shortly immediately after the death to stay away from disappearance of things. (If not in writing, even a videotape of the interior of the family home can document what things had been there at the time of death.)

Probate Litigation Can Resolve Estate Problems and Conflicts

State probate laws govern how intestate estates are settled. Inheritance residence is usually provided to the surviving husband or wife or direct lineage relatives. On the other hand, the estate must undergo the probate approach to determine rightful heirs. Everyone can existing a claim because of the courts, but must prove they are entitled to funds or property they seek out.

When people submit inheritance claims the probate approach can be prolonged for numerous months. The court have to engage in because of diligence to make sure claimants are rightfully entitled to estate assets. Based on the variety of claim and appeal of the home, probate can be suspended for a long time whilst waiting on courts to decide who is entitled.

by YoTuT

Article by Montrealex

Montreal real estate market : Home value is the estimation given to your home which is in the list of selling. Selling a home is probably an important thing which requires more experience to be done correctly. Some of the people lose serious money everyday just because they don’t have an entrepreneur mentality for selling. It does not mean that everyone who has a plan of selling your house required acquiring an entrepreneurial mindset, but some awareness should be there about leaving a lot of money. If you need to be you’re your house in a successful manner with maximum profit, then there are some changes which should be taken first. Some tips are provided here to help for boosting your home value:

Spend time with an expert:

You need to have a conversation about the fact with some of the experts for increasing your home value. A professional agent will guide you through all the procedures of improving your house to sell for the best price. While you get to pay this expert some money for the hour or two they spend with you, there will be an amazing amount you’re going to get back when you make use of their advice.

Inspections:

No one like to lose a great deal because a buyer has found that your home which have a problem. On selling your house at the price needed you definitely need to be as a professional with your potential buyer? An inspected house worth a lot more than one inspection, even if there is no problem with it.

Fix broken thing:

Most of the people are not giving much importance to small details, but believe apart from your competition. Fixing doors and windows’ locks is a priority when selling your house. Making sure that your water pipes as well as your electricity work fine is going to leave the impression that you are a professional seller who knows what they are doing. Just look at some successful real estate investors who buy houses, do some fixes and then sell them for 20 or 30 thousand dollars profit.

Remove unnecessary things:

On the preparation of the sale make sure that you don’t bother or distract your buyer by leaving unnecessary things inside the house.

Painting:

Painting is one of the most important things which can be improving your home’s appearance. You can literally make thousands of dollars worth of value just by spending a few hundred bucks to paint your house. The first thing to keep in mind when painting your house is to choose mild colors which make the buyer to purchase the home immediately.

For more details about Montreal real estate developers log on to http://www.montrealex.com/

A Market Builds for Single-Family Rentals
The fund, GI Partners in Menlo Park, Calif., plans to announce on Wednesday a $ 250 million investment in Waypoint Real Estate Group, an Oakland-based company that buys foreclosed homes at discounts and rents them out to tenants. …
Read more on Wall Street Journal

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There are a lot of real estate’s investing courses being offered in the web. For a beginner that was just about to start investing in real estate’s however, there are 2 fundamental courses they really have to master. The first course is market analysis. Market analysis teaches on how to analyze the market; finding if the time is right or not in investing in certain properties and why. Second, is a course that teaches about financial analysis. Financial analysis teaches you to do the math on assessment of viability, stability, and profitability of a business. Both are important aspect on real estate investing courses.

A market analysis is the first course for anyone wanting to go into real estate’s investing band wagon. Market analysis in itself is a documented investigation carried out to plan business strategies. It is also the first thing an investor looks at.

This analysis determined how hot the market is. One could learn when is the right time to start investing in real estates, and when it is time to not invest. Simply said, you can’t make an intelligent decision without learning the basic for market analysis. Both market analysis and financial analysis is 2 separate entities, but yet at the same time, they are interrelated component of a strategic analysis process. After learning market analysis, you should be able to make informed decision on whether to go ahead with the investment plan or not to.

Financial analysis course offers the student the knowledge on how to calculate the business viability, stability, and profitability. The meaning of viability is able to be done or worth doing. The first thing before doing any business or investing, you have to ask yourself.

Is this business or investment worth doing? Can this business survive long enough to give me profit or is this investment a waste of my time?
Stability of a business is also an important aspect. The stability in this sense, is the ability for the business or investment to remain for a long run, without the need to sustain significant losses in revenue. This very important because when you are investing in real estate, you will need huge capital source and hence the need to borrow money from bank; and we all know bank will not lend you money if they know what you are doing is not viable and they always charge interest.

Profitability is basically the ability to earn money and grow both in short and long term. The main purpose of doing a business or investment is to make profit. No one is stupid enough to invest in a business or investment that is going to lose them money. Likewise, for a business or investment program to thrive, they have to be proven to be more profitable than the alternative options on the market.
In conclusion, before you start doing investment on real estate, there is real estate investing courses that you have to take. This is to ensure that you have the knowledge of what is needed to join the real estate investment band wagon.

Ingrid Valdera is a well-known real estate expert, with 5 years working and writing books and articles about real estate investment, commercial real estate courses and other themes related to real estate investment.

Investors snatching up single-family homes
by Moe Bedard on January 2, 2012 in Real Estate (Source: By Courtenay Edelhart, The Bakersfield Californian) – Investors are storming Kern County with cash offers to buy homes outright. Most are keeping the houses for rental income, …
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Article by Morris Kim

Houston Heights Real Estate is a smart real estate investor’s gold mine. This neighborhood is known for its really superb selection of homes. This particular neighborhood is also known for its awesome blend of modern neighborhood and historical architecture.

The Heights consists of over 4,000 homes, from large Victorian homes to single family houses. It is not just well known for its very wonderful facilities and attractive houses, but it is also known for its really gorgeous neighborhood.

Crestwood, Garden Oaks, Memorial, River Oaks, Camp Logan and Montrose are only a couple of minutes drive from the Heights.

Why Invest in the Real Estate?This piece of the haven is popular for its family oriented life. The historical landmarks and gorgeous tree lined streets have drawn property buyers from across the nation. They has a lot of nice churches, schools, restaurants and galleries, which is one of the many reasons why a lot of property buyers with children choose this location. As a matter of fact, this area is also ideal for young professionals searching for a really peaceful yet contemporary place to live.

Investing in the real estate is really a smart move if you want a property that is situated in place with great facilities for the following activities (and more!):* Swimming * Volleyball * Basketball * Jogging * Jogging * Soccer etc

You have a wide variety of choices. If you are searching for townhouses, condos or family home, it has it all. If you are in the market for grand Victorian property or a really simple contemporary home, you can find it in this neighborhood. In addition to this, it is among the most reasonably priced in the country.

According to the Houston Real Estate Trends, this particular region has one of the highest home price appreciation in the area. According to records, from 2002 to 2007, the average sale price per square ft for homes and other properties in it appreciated over twenty percent.

The Heights market is really looking up for both the sellers and buyers. Now is the really perfect time to invest in it, particularly for first time property buyers. You can purchase a property from this wonderful neighborhood and lease it to a home renter(s) in order to make positive cash flow.

Yes, it is true that the marketing is really looking up, this can be measured from the fact that the standard period that is required to sell a listing is now down from 150 to 90 days! Agreed, the market has not completely revived totally, but a lot of buyers are still getting about 90 to 95 percent of their asking price. With assistance of a reputable Heights agent, you can sure count on getting a pretty good deal whether or not you are buying or selling a property in it.

So, what are you waiting for?! Check out the Houston real estate market now!

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by Chris Devers

Real estate investment clubs can offer great resources for both veteran and novice real estate investors. A resident club is a noble place to convene and communicate with other investors in a region. One may be familiar with the club model of stock investment, wherein members put together their funds to purchase bonds and stocks. In a real estate investment club, one does not normally team up on investments. A number of clubs are barely more than finely oblique blocks for these services. These are put up by an investor who looks forward to make a profit by selling investment strategies or services. Every club is diverse in connection structure and focus. A few may focus on particular property types. However, there are certain fundamental advantages that nearly all should grant to their members. A thriving real estate investment club will facilitate its members become skilled about the business, get together with other investors and help in avoiding expensive, but frequent, investing oversights a lot of beginners experience.

Real estate investment clubs offer very helpful information for real estate investors.

A leading real estate club can present a vast forum to exchange ideas, gain knowledge of trustworthy contractors, realtors, brokers, accountants, lawyers and other professionals. People have known that it is likely to do well by spend in real estate, although a handful, have the funds on hand to be capable of investing. The answer is for individuals to sign up in real estate investment clubs, in order that their capital can be joined together so as to acquire properties that they could not manage to pay for or to procure. There are a huge number of real estate investment clubs globally, with numerous clubs existing to those who live in bigger cities.

Real estate investment clubs differ amid those that concentrate on single family homes, and those that concentrate on business real estate. Among the best things regarding being a member of a club is the admission it gives to trustworthy suppliers, contractors and other expert individuals. Prior to joining a real estate investment club, utilize resources to find out if a club is exact for one’s investing approach, what one ought to seek in an investment club and associations to trace clubs in an area. In the same way that people are diverse, real estate investors are as well rather different in their investing objectives and assistance requirements. Despite the fact that several have established investment clubs important in their business, others are more hooked on the method of doing it themselves.

Michigan Real Estate Investors will be Exploring What Determines the Price to …
This is the only investor real estate club that is free and open to the public. Their meetings are housed at a local Detroit College. The real estate club is all about solutions to problems in today's economy, so they offer this free monthly meeting …
Read more on Emailwire (press release)

by Ravi Karandeekar

Home foreclosures have hit every state hard, including Florida. Seven out of the ten housing markets that are expected to take the biggest drop during the first quarter of 2011 are in Florida. These markets are expected to have the largest declines in single family home prices during the next year according to some predictions.

The good news is that steeper declines that were predicted do not look like they will happen now in the Florida markets, but Florida homes are still among the hardest hit areas in the United States in terms of foreclosures.

The recent foreclosure freezes have also made things tough in Florida, with South Florida hit especially hard. The foreclosure freeze means homes are taken off the market for the time being, meaning nobody is profiting. The freezes were put into effect by some of the nation’s top lenders.

Roughly 2.9 percent of bank owned properties have been removed from the market.

Recently there have been paperwork issues relating to foreclosures and they will now remain off the market until an investigation is completed.

Florida’s attorney general Bill McCollum has teamed with attorney generals of the other 49 states as part of a joint investigation regarding the foreclosure issues.

A Florida real estate consultancy says that there are currently about 4,000 bank owned homes in Miami-Dade, Palm Beach and Broward counties that are available for resale. There are now approximately 3,800 bank owned single family homes, condominiums and town houses in the South Florida market. This is about a thousand less than before all of the foreclosure issues came to light, prompting the foreclosure freezes.

With new home sales remaining flat, bank owned properties are another part of the market that traditionally helps to pick up the slack. However, the recent foreclosure freezes have pretty much put a halt to that market, especially in South Florida.

Lenders are concerned that their paperwork may not have been processed or handled correctly. Many of lenders are choosing to be cautions, rather than risk fines or other actions later should their paperwork have similar problems to the types of errors that prompted the investigation in the first place.

Many lenders are simply choosing to pull bank owned properties off of the resale market. This is occurring at the rate of approximately 300 properties per week in the South Florida market alone.

Right now it is unclear if a process known as short sales, where the lender accepts less than the total amount that is owed by the borrower, will be effected by the current foreclosure freeze.

In what could be seen as a ray of hope for the Florida foreclosures market, a Charlotte, NC based Bank of America announced plans to resume pending foreclosure sales of more than 100,000 actions within the next week or so.

The additional problems created by the foreclosure issues come on top of some predictions that the Florida real estate market will be the worst in the United States over the next year.

Other issues facing the Florida real estate market include an aging population that is facing another year without an increase in Social Security benefits, meaning less money to spend on real estate. The state of the economy and the sustained high unemployment mean that in Florida, as in many states, people are simply not buying new homes at the same rate.

Buyers are also more cautious. The news of problems with foreclosure related documents could also make some people hesitant to purchase a home from a foreclosure re-sale.

Right now the best hope for the Florida real estate market is that the foreclosure issues will be resolved quickly and that lenders will resume their foreclosures. This will allow properties to re-enter the market sooner. It will also minimize the impact the foreclosure news has had on people’s perceptions of the foreclosure industry right now.

Confidence is a big part of success in the real estate market. In general if people see some positive signs that things will get better they tend to invest in real estate.

If foreclosure proceedings start up again successfully in other states, it’s only a matter of time before Florida resumes with foreclosure proceedings.

Southwest Florida real estate – from flip to flop
It came as banks started pouring huge numbers of foreclosed homes and short sales back onto the real estate market. The News-Press pored over hundreds of transactions and found dozens that under guidelines developed by banking fraud consultant …
Read more on The News-Press

Article by Steve Henderson

In Rhode Island most purchase and sell agreements (purchase and sales agreements) for single-family homes are on a form ready by the Rhode Island Association of Realtors. The Purchase and Sales Agreement could be a terribly necessary legal document that sometimes sets forth the sales price, time, date and place of the residential property closing, contingencies based mostly on financing, in addition to several other provisions.You’ll attempt to negotiate modifications to the present agreement and are not obligated to sign the standard form. Previous to signing the Purchase and Sales Agreement, the customer should contact a Rhode Island lawyer / attorney who makes a speciality of property law, residential real estate closings and title law.This agreement was written with the intent to be honest to both buyers and sellers of residential real estate; however, the client ought to not sign this agreement without paying careful attention to any or all of the provisions including the following provisions:1. The agreement provides for a bound number of days among that buyer should apply for his/her mortgage. Pursuant to the terms of the standard Rhode Island Purchase and Sales Agreement, if the buyer fails to use for the mortgage, his deposit can be forfeited. Please create certain that you permit enough days for this application to be made.2. The agreement provides that if the buyer applies for a mortgage greater than the quantity set forth within the Purchase and Sales Agreement, buyer can haven’t any right to obtain a come back of his deposit if his mortgage application is denied. Buyer should be bound that the amount stuffed in for his proposed mortgage is in fact the highest amount that he intends to apply for.3. The agreement provides that the customer must accept the property with any easements or restrictions of record that impact the property. The client should scan the Rhode Island Real Estate Sales Disclosure Type previous to signing the Purchase and Sales Agreement. Rhode Island Law needs that the vendor of residential realty in RI notify the client of any restrictions or easements. Buyer ought to check the disclosure kind and if the seller indicates that there are restrictions or easements, buyer ought to scan them previous to signing the Purchase and Sales Agreement. If the buyer will not perceive the legal implications of the restriction or easement, then they must contact their realty attorney.4. Buyer’s right to a come back of their deposit within the event they’re not glad with house inspections, such as physical/mechanical, pest infestation and septic system, depends on the inspector finding a substantial / materially deficient condition that has not been disclosed to the client previous to the execution of the Purchase and Sales Agreement. This implies that the client should fastidiously browse the Real Estate Disclosure provided by the vendor previous to signing the Purchase and Sales Agreement to create sure that seller has not disclosed existing deficient conditions on the property in this form. If deficient conditions are disclosed, the Purchase and Sales Agreement ought to be amended to indicate that buyer might terminate the agreement based mostly upon these deficient conditions

Real Estate Purchase and Sales Agreement training for real estate professionals. Simple, but powerful things you should know before you make your offers.
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Related Purchase And Sales Agreement For Real Estate Info

by Klick Pharma

By now I am sure you’ve heard that it is legal, permissible, and profitable to invest in real estate using your self-directed IRA, SEP, or Roth IRA. If you’ve been using this technique, you know the drawbacks: delays in funding, fees from your custodian, potential lawsuits against your IRA.

Well, there’s a solution…the LLC-IRA.

Instead of investing directly from your IRA, you set up a single-member LLC that is owned by your IRA. Your IRA account is the MEMBER of the LLC. The LLC is a legal entity that has powers and protections that are not possessed by any individual or by any regular IRA.

The combination of the self-directed IRA custodian and the LLC produces great results. This is an entirely new type of LLC, not your run-of-the-mill LLC you may have done before. It generally requires an attorney to draft the operating agreement and provide an opinion letter to your IRA custodian. If the LLC operating agreement is improperly drafted, the entire LLC-IRA may be disqualified and taxed.

Lawsuit protection of your IRA account

A single-member LLC (Limited Liability Company) is a business entity that gives the liability protection of a corporation but is “disregarded” (ignored) for federal income tax purposes. It is a separate legal entity under state law, so creditors of your LLC (as in the case of a tenant injured on the property) cannot go after the member (your IRA account) or you (the Manager).

“Checkbook” control

As manager of your LLC-IRA, you can write checks as you need to for purchasing property, paying property expenses, or loaning money. If you want to do a deal in a hurry, you can run down to your bank and get a wire or certified funds the SAME DAY, as in the case of a foreclosure auction.

Keep in mind that any transaction you can’t do in your IRA account, you are also prohibited from doing in your LLC-IRA. You should not attempt any transaction in your LLC-IRA without competent tax and legal advice.

Steps to form your LLC-IRA

First, you need to transfer your existing IRA to a custodian that allows complete self-direction of your account. Big firms like Fidelity and Schwab generally don’t allow you to direct your account into real estate investments.

Second, you need to hire a professional to create the LLC. Third, you “fund” the LLC by directing the money from your IRA custodian to the LLC’s bank account. Fourth, you start investing in your LLC-IRA.

Custodial fees are much lower because the IRA only has one asset, the LLC.

Is this all legal?

The legality of an IRA owning an LLC is based on the case Swanson vs. The Commissioner in 1996. In Swanson, the court ruled in favor of the taxpayer using a corporation owned by his IRA, where he was the president. The LLC, by implication should be the same.

Should you have any questions about the legality of your LLC-IRA, speak with a qualified attorney to advise you through the process.

Murray Wise Offers Advice to Farmers, Farmland Investors
About Murray Wise Associates LLC Murray Wise Associates LLC, headquartered in Champaign, Illinois, with additional offices in Florida and Iowa, is a leading national agricultural real estate marketing and auction company. The company also manages …
Read more on MarketWatch (press release)

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by Ravi Karandeekar

Article by Dave Lindahl

For the new real estate investor looking to break into the real estate investor market and make a name for themselves a real estate investment syndicate offers the best way forward, minimising exposure, solving the issue of cash flow and, at the same time, giving the opportunity to those who do not know anything about the real estate market but nevertheless wish to invest money in it, to dip a toe in the water without risking every penny they have.

Sounds too good to be true? Well, there is a catch, as usual, in that you need to first put the syndicate together which means you need to find the right group of people and convince them to put up a share each and then trust you to lead the deal in a way that will make money for everyone involved in it.

How to find these people and how to convince them to trust you is what I cover in detail in many of my courses, workshops and seminars. In short it comes down to the people skills you should have as part of your real estate investor skill set. While it is a little tricky it is not rocket science. Projecting a confident, professional air that is conducive to trust is partly what being a real estate investor is about so if you cannot yet achieve that you may not be quite ready for the part.

The good news is that provided you are prepared to put in a bit of work these are skills which almost anyone can learn.

Syndicate real estate investing is a ‘safe’ form of investing as it allows you and those who put up their money and agree for you to front them the luxury of playing the real estate market with a minimum of exposure in terms of the amount of money invested there. The returns on the other hand can be quite handsome meaning that your reputation will also grow along with your bank balance and you will soon find yourself inundated with real estate investors who want you to accept them in a real estate investment syndicate.

Before this very happy state of affairs occurs however you will need to prove yourself by closing a few initial deals.

Real estate investing as a career can be rewarding as well as satisfying. You do need to be able to pay attention to details, work well under pressure and be creative when called upon to do so. In return you will get a reputation that allows you to develop your own stream of clients and break away from the nine-to-five trap of working.

The challenge then will be to successfully manage the wealth you have and how to best balance quality of life with the greatest job in the world.

REI Wise and NAI Global Sign Multi-Year Agreement for Sales Network Listing …
NAI Global's extensive services include corporate real estate services, brokerage and leasing, property and facilities management, real estate investment and capital market services, due diligence, global supply chain consulting and related advisory …
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